Cheap Apartments for Rent in New Lebanon, OH from $500 (58 Rentals)

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

Dayton's Best Affordable Neighborhoods

Learn about Dayton and the best places to live with original content written by our Local Expert Kim Mooneyham

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Salem Woods
Rent Specials
$1,015 - $1,315
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $1,315
Total Monthly Price
$1,015 - $1,315
1 to 2 Bedroom Apartments Available Now

Salem Woods

5291 Wood Creek RdDayton, OH 45426
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Audubon Crossing
1 to 2 Bedroom Apartments

Audubon Crossing

119 Edgewood AveDayton, OH 45402
Senior Living
  • Utilities Included
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Valley Glen Apartments
2 Bedroom Apartments

Valley Glen Apartments

1001 E Linden AveMiamisburg, OH 45342
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Bridges of Pine Creek
1 to 2 Bedroom Apartments

Bridges of Pine Creek

3771 Cornell DrDayton, OH 45406
  • Utilities Included

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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New Lebanon, OH Local Guide

Cheapest Available New Lebanon Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Lebanon, OH is a 1 Bed unit found at Chamberlain I & II Apartments in the Downtown Dayton neighborhood priced from $650. Executive House in the Downtown Dayton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable New Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chamberlain I & II ApartmentsS31BR,1BA$650
Executive House1 Bedroom standard1BR,1BA$775
Shiloh Gardens Independent Living1 Bedroom1BR,1BA$779
Broadmoor ApartmentsAsh1BR,1BA$785
Audubon Crossing1 Bedroom1BR,1BA$790
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$795
Meadows of CatalpaChristy1BR,1BA$795
320 Grafton1 Bedroom1BR,1BA$800
Belle Meadows1x1 7201BR,1BA$825
Carriage House Apartments1 Bedroom Flat1BR,1BA$825

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

As of July 31, 2026 the best value apartment in the New Lebanon area is the $0.93 price per square foot 2 BD D,K,A,N Model at Rockwood Apartments in the in the Downtown Dayton neighborhood starting from $1,025. The second greatest value New Lebanon apartment is the CT 2B 1.5B Model at Townhouse Court Apartments starting at $995 with a $0.95 price per square foot in the Grafton Hill neighborhood. Here is today’s list of the best values for New Lebanon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rockwood Apartments2 BD D,K,A,N2BR,2BA$0.93
Townhouse Court ApartmentsCT 2B 1.5B2BR,1.5BA$0.95
3805-3817 Briar PlBriar 3805- 2 bedroom2BR,2BA$1.09
Audubon Crossing2 Bedroom2BR,1BA$1.08
Trotwood CommonsTwo Bedroom Garden2BR,1BA$1.26
Carriage House Apartments1 Bedroom Flat1BR,1BA$0.98
Belle Meadows1x1 7201BR,1BA$1.15
Meadows of CatalpaAspen1BR,1BA$1.29
Broadmoor ApartmentsAsh1BR,1BA$1.19
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$1.20

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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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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New Lebanon, OH

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Frequently Asked Questions about Cheap New Lebanon Apartments

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

The lowest price for a Cheap One Bedroom New Lebanon Apartment is $650 at Chamberlain I & II Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in New Lebanon is starting from $950 at Executive House.

What is the most affordable New Lebanon Three Bedroom Apartment?

The best deal on a cheap New Lebanon Three Bedroom Apartment rental is at Jalen Lofts and starts from $1,099.

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 Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH article

Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH

Written by: Kim Mooneyham

Once an industrial powerhouse in southwest Ohio, Dayton is gradually changing from a strictly blue-collar city to a light blue-collar/white-collar city with education, tech, and urban development opportunities.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.