Cheap Apartments for Rent in New Franklin, OH from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Franklin.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Spinnaker Bay
1 to 2 Bedroom Apartments

Spinnaker Bay

275 Portage Lakes DrAkron, OH 44319
  • Utilities Included
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Lakeside Apartments
2 Bedroom Apartments

Lakeside Apartments

37 Schneiderman LnAkron, OH 44319
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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1072 Wooster Rd W
2 Bedroom Apartments

1072 Wooster Rd W

1072 Wooster Rd WBarberton, OH 44203
  • Utilities Included
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

New Franklin, OH Local Guide

Cheapest Available New Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Franklin, OH is a 1 Bed unit found at 4335-4335 Ormond Dr in the Coventry neighborhood priced from $800. Heritage Place in the West Barberton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable New Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
4335-4335 Ormond Dr1 Bedroom1BR,1BA$800
Heritage Place1 Bedroom1BR,1BA$850
Centennial Village Apartments and Townhomes1A1BR,1BA$855
Premier Garden Apartments1 Bedroom Garden - Fully Remodeled1BR,1BA$880
Barberview ApartmentsBarberview: 2 Bed 1 Bath - Upgraded2BR,1BA$895

Best Value Apartments for Rent in New Franklin, OH and Nearby

As of June 24, 2026 the best value apartment in the New Franklin area is the $0.90 price per square foot 1424 Wooster Rd. Model at 1424 Wooster Rd. in the in the West Barberton neighborhood starting from $2,200. The second greatest value New Franklin apartment is the 140 N Canal St Model at 140 N Canal St starting at $1,500 with a $1.25 price per square foot . Here is today’s list of the best values for New Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1424 Wooster Rd.1424 Wooster Rd.1BR,1BA$0.90
140 N Canal St140 N Canal StStudio ,1BA$1.25
4335-4335 Ormond Dr1 Bedroom Large1BR,1BA$1.45
Newport Landing2 Bedroom Craftsman2BR,2BA$1.52
Premier Garden Apartments1 Bedroom Garden - Fully Remodeled1BR,1BA$1.14
Barberview ApartmentsBarberview: 2 Bed 1 Bath - Upgraded2BR,1BA$1.23
212 1st St NW212 1st St NW1BR,1BA$1.19
Heritage Place1 Bedroom1BR,1BA$1.36
Centennial Village Apartments and Townhomes1A1BR,1BA$1.49

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap New Franklin Apartments

How much is rent for a Cheap One Bedroom New Franklin Apartment?

The lowest price for a Cheap One Bedroom New Franklin Apartment is $800 at 4335-4335 Ormond Dr.

What is the lowest price for a Cheap Two Bedroom New Franklin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Franklin is starting from $895 at Barberview Apartments.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.