Cheap Homes for Rent in Old Lyme, CT from $1,000 (9 Rentals)

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Old Lyme, CT Local Guide

Cheapest Neighborhoods for Apartments in Old Lyme, CT

Pricing Updated: 04/15/2025

Current apartment rentals in the Old Lyme, CT area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Old Lyme Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Lyme$3,495$1,20014

Cheapest Available Old Lyme Apartments for Rent

 

The cheapest available apartment rental in Old Lyme, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Harbortree Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,045. Here is today’s list of the most affordable Old Lyme apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Harbortree ApartmentsStudioStudio,1BA$1,045
Crocker HouseStudio1BR,1BA$1,100

Best Value Apartments for Rent in Old Lyme, CT

As of April 15, 2025 the best value apartment in the Old Lyme area is the $1.57 price per square foot Parker Model at The Edgewater in the in the South Lyme neighborhood starting from $3,395. The second greatest value Old Lyme apartment is the Eastpointe Townhouse Model at The Cove at Gateway Commons starting at $3,095 with a $2.16 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for Old Lyme apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterParker3BR,3BA$1.57
The Cove at Gateway CommonsEastpointe Townhouse2BR,2BA$2.16
The Sound at Gateway CommonsThe Waterford2BR,2BA$2.26
Groton TowersBoston2BR,1BA$1.96
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Oxoboxo Lofts2 Bedroom2BR,2BA$1.97
60 Mansfield Road Phase II1 Bedroom - 9A1BR,1BA$2.36
Eagle PointeTWO BEDROOM2BR,1BA$2.09
8 Bank StStudioStudio ,1BA$1.53
Peppertree Apartments1 Bedroom 1 Bathroom1BR,1BA$2.21

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Frequently Asked Questions about Old Lyme

What type of rentals are currently available in Old Lyme?

There are currently 65 Apartments for Rent in Old Lyme, CT with pricing that ranges from $905 to $3,795. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Lyme ranging from $1,050 to $75,000.

What is the current price range for Rental Homes in Old Lyme?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Lyme ranges from $1,050 to $75,000 with an average monthly rent of $14,811.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.