
Cheap Homes for Rent in Preston, CT from $1,500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.


185 Central Ave

344 Boswell Ave, Unit B

45 Main St

42 Carol Ave

83 Peters Dr

823 Old Pond Ln

32 Clifton Pl

225 High St

50B Main St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

279 Talman Street Extension
Preston, CT Local Guide

How much does it cost to rent a home in Preston?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Preston 2 Bedroom Homes for Rent | $2,470 | $1,800 | $3,800 |
Preston 3 Bedroom Homes for Rent | $2,651 | $1,700 | $4,995 |
Preston 4 Bedroom Homes for Rent | $12,750 | $2,000 | $10,000+ |
Preston 5 Bedroom Homes for Rent | $6,500 | $6,500 | $6,500 |
Browse Top Homes for Rent in Preston
Explore Preston
Preston, CT Local Guide
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Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, CT is a Studio unit found at The Wauregan in the Northeast New London Norwich neighborhood priced from $443. Water Street Lofts in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Preston apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Wauregan | Studio | Studio,1BA | $443 |
Water Street Lofts | Studio | Studio,1BA | $1,175 |
Walter Street Lofts | Studio | Studio,1BA | $1,175 |
The Terraces Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
Mohegan Commons Apartments | The Village - 3 Bedroom | 3BR,1BA | $1,400 |
Best Value Apartments for Rent in Preston, CT and Nearby
As of April 17, 2025 the best value apartment in the Preston area is the $1.10 price per square foot 38 McKinley Ave Model at 38 McKinley Ave, Unit 38 C McKinley Ave. in the in the Northeast New London Norwich neighborhood starting from $1,600. The second greatest value Preston apartment is the 73 Asylum St Model at 73 Asylum St, Unit 1 starting at $2,400 with a $1.66 price per square foot in the Northeast New London Norwich neighborhood. Here is today’s list of the best values for Preston apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
38 McKinley Ave, Unit 38 C McKinley Ave. | 38 McKinley Ave | 2BR,1BA | $1.10 |
73 Asylum St, Unit 1 | 73 Asylum St | 3BR,2BA | $1.66 |
Summitwoods Apartments | 3 Bed | 3BR,2BA | $1.47 |
Rose Hill Estates | Backus | 3BR,1BA | $1.78 |
Thamesview Apartments | 2 Bedroom | 2BR,1BA | $1.83 |
Mohegan Commons Apartments | The Village - 3 Bedroom | 3BR,1.5BA | $1.47 |
Oak Tree Village | 2 Bedroom | 2BR,1BA | $1.71 |
The Terraces Apartments | 1 Bedroom | 1BR,1BA | $1.37 |
Water Street Lofts | Studio | Studio ,1BA | $2.08 |
Walter Street Lofts | Studio | Studio ,1BA | $2.08 |
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Frequently Asked Questions about Preston
What type of rentals are currently available in Preston?
There are currently 211 Apartments for Rent in Preston, CT with pricing that ranges from $1,133 to $5,370. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $1,575 to $40,000.
What is the current price range for Rental Homes in Preston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston ranges from $1,575 to $40,000 with an average monthly rent of $4,670.
How much are larger Three and Four Bedroom Rentals in Preston?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Preston range from $1,400 to $5,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $4,995. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,550.
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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.

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.