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Cheap Homes for Rent in Shelter Island, NY from $3,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Shelter Island.
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Shelter Island, NY Local Guide
House on Shelter Island by Peter Bond is licensed under CC BY 2.0
How much does it cost to rent a home in Shelter Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shelter Island 2 Bedroom Homes for Rent | $14,560 | $3,800 | $10,000+ |
| Shelter Island 3 Bedroom Homes for Rent | $32,176 | $3,500 | $10,000+ |
| Shelter Island 4 Bedroom Homes for Rent | $33,227 | $5,000 | $10,000+ |
| Shelter Island 5 Bedroom Homes for Rent | $46,250 | $10,000 | $10,000+ |
| Shelter Island 6 Bedroom Homes for Rent | $75,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Shelter Island
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Shelter Island, NY Local Guide
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Best Value Apartments for Rent in Shelter Island, NY and Nearby
As of April 16, 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 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 Shelter Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Edgewater | Parker | 3BR,3BA | $1.57 |
| The Cove at Gateway Commons | Eastpointe Townhouse | 2BR,2BA | $2.16 |
| The Sound at Gateway Commons | The Waterford | 2BR,2BA | $2.26 |
| Sutton Place | REMODELED 2BD WD in unit | 2BR,1BA | $1.90 |
| 60 Mansfield Road Phase II | 1 Bedroom - 9A | 1BR,1BA | $2.36 |
| Eagle Pointe | TWO BEDROOM | 2BR,1BA | $2.09 |
| Faire Harbour Landings | Two Bedroom Townhome | 2BR,2BA | $2.39 |
| 8 Bank St | Studio | Studio ,1BA | $1.53 |
| Peppertree Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.21 |
| Pequot Village | One Bedroom | 1BR,1BA | $1.74 |
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Frequently Asked Questions about Shelter Island
What type of rentals are currently available in Shelter Island?
There are currently 54 Apartments for Rent in Shelter Island, NY with pricing that ranges from $905 to $100,000. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shelter Island ranging from $3,500 to $100,000.
What is the current price range for Rental Homes in Shelter Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shelter Island ranges from $3,500 to $100,000 with an average monthly rent of $36,285.
How much are larger Three and Four Bedroom Rentals in Shelter Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Shelter Island range from $1,995 to $100,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,500 to $65,000. Four Bedroom Single-Family rentals are also available starting from $5,000 and Four Bedroom Apartments start at $10,000.
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 & 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.