
Cheap Homes for Rent in New Franklin, OH from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in New Franklin.


712 Roselle Ave

1055 Neville Ave

1057 Neville Ave
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.

1588 Coventry St

1192 Harpster Ave

1103 Stratford St

61 Leicester Dr
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.
New Franklin, OH Local Guide

How much does it cost to rent a home in New Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Franklin 2 Bedroom Homes for Rent | $1,142 | $700 | $1,375 |
| New Franklin 3 Bedroom Homes for Rent | $1,343 | $1,075 | $2,435 |
| New Franklin 4 Bedroom Homes for Rent | $1,533 | $1,250 | $2,750 |
| New Franklin 5 Bedroom Homes for Rent | $1,550 | $1,550 | $1,550 |
Browse Top Homes for Rent in New Franklin
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New Franklin, OH Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 4335-4335 Ormond Dr | 1 Bedroom | 1BR,1BA | $800 |
| Heritage Place | 1 Bedroom | 1BR,1BA | $850 |
| Centennial Village Apartments and Townhomes | 1A | 1BR,1BA | $855 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1424 Wooster Rd. | 1424 Wooster Rd. | 1BR,1BA | $0.90 |
| 140 N Canal St | 140 N Canal St | Studio ,1BA | $1.25 |
| 4335-4335 Ormond Dr | 1 Bedroom Large | 1BR,1BA | $1.45 |
| Newport Landing | 2 Bedroom Craftsman | 2BR,2BA | $1.52 |
| Premier Garden Apartments | 1 Bedroom Garden - Fully Remodeled | 1BR,1BA | $1.14 |
| Barberview Apartments | Barberview: 2 Bed 1 Bath - Upgraded | 2BR,1BA | $1.23 |
| 212 1st St NW | 212 1st St NW | 1BR,1BA | $1.19 |
| Heritage Place | 1 Bedroom | 1BR,1BA | $1.36 |
| Centennial Village Apartments and Townhomes | 1A | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about New Franklin
What type of rentals are currently available in New Franklin?
There are currently 92 Apartments for Rent in New Franklin, OH with pricing that ranges from $785 to $2,200. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Franklin ranging from $585 to $2,750.
What is the current price range for Rental Homes in New Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Franklin ranges from $585 to $2,750 with an average monthly rent of $1,277.
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

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.

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.

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.

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.