Cheap Apartments for Rent in Shelter Island, NY from $900 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Shelter Island.

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Crocker House
1 to 2 Bedroom Apartments

Crocker House

35 Union StNew London, CT 06320
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120 Broad St
Studio to 3 Bedroom Apartments

120 Broad St

120 Broad StNew London, CT 06320
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Brookside Commons
1 Bedroom Apartments

Brookside Commons

908 Hartford TpkeWaterford, CT 06385
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12 Sharaf St
2 Bedroom Apartments

12 Sharaf St

12 Sharaf StNew London, CT 06320
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Shelter Island, NY Local Guide

Cheapest Available Shelter Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shelter Island, NY is a 1 Bed unit found at Crocker House priced from $1,100. 8 Bank St has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Shelter Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crocker HouseStudio1BR,1BA$1,100
8 Bank StStudioStudio,1BA$1,150
Pequot VillageOne Bedroom1BR,1BA$1,200
Villages at Shore LandingCoveStudio,1BA$1,316
The DocksOpen 1 BR 1.06Studio,1BA$1,480

Best Value Apartments for Rent in Shelter Island, NY and Nearby

As of March 14, 2025 the best value apartment in the Shelter Island 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 Shelter Island apartment is the Anchor Townhome Model at The Cove at Gateway Commons starting at $3,795 with a $1.94 price per square foot in the Southwest New London Lyme neighborhood. Here is today’s list of the best values for Shelter Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgewaterParker3BR,3BA$1.57
The Cove at Gateway CommonsAnchor Townhome3BR,2.5BA$1.94
The Sound at Gateway CommonsThe Waterford2BR,2BA$2.26
Sutton PlaceREMODELED 2BD WD in unit2BR,1BA$1.90
Peppertree Apartments2 Bedroom 1 Bathroom2BR,1BA$1.92
Groton Townhouse ApartmentsTwo Bedroom - Renovated2BR,1BA$2.28
Eagle PointeTWO BEDROOM2BR,1BA$2.04
8 Bank StStudioStudio ,1BA$1.53
Pequot VillageOne Bedroom1BR,1BA$1.74
Gull Harbor Apartments1 BEDROOM1BR,1BA$2.58

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Getting Around Shelter Island, NY

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Shelter Island Apartments

What is the Cheapest Studio apartment in Shelter Island?

Currently the most affordable Cheap Studio Apartment in Shelter Island is at 8 Bank St listed at $1,150.

How much is rent for a Cheap One Bedroom Shelter Island Apartment?

The lowest price for a Cheap One Bedroom Shelter Island Apartment is $1,100 at Crocker House.

What is the lowest price for a Cheap Two Bedroom Shelter Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shelter Island is starting from $1,350 at Crocker House.

What is the most affordable Shelter Island Three Bedroom Apartment?

The best deal on a cheap Shelter Island Three Bedroom Apartment rental is at The Edgewater and starts from $2,011.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.