Cheap Apartments for Rent in New Lebanon, OH from $500 (52 Rentals)

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

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Salem Woods
Rent Specials
$1,100 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,400
Total Monthly Price
$1,100 - $1,400
1 to 2 Bedroom Apartments Available Now

Salem Woods

5291 Wood Creek RdDayton, OH 45426
Family Friendly
  • Verified
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  • Utilities Included
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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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

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. Rockwood Apartments in the Downtown Dayton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. 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
Rockwood ApartmentsStudio C, LStudio,1BA$700
320 GraftonStudioStudio,1BA$750
Executive House1 Bedroom standard1BR,1BA$775
Shiloh Gardens Independent Living1 Bedroom1BR,1BA$779
Audubon Crossing1 Bedroom1BR,1BA$790
Riverstone Apartments1 BD Standard1BR,1BA$795
Meadows of CatalpaChristy1BR,1BA$795
Flats on Wolf Creek1 Bedroom1BR,1BA$798
Jalen Lofts1 Bedroom1BR,1BA$798

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

As of April 30, 2026 the best value apartment in the New Lebanon area is the $0.89 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,600. 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.
Grafton HouseTwo Bedroom Two Bathroom2BR,2BA$0.89
Townhouse Court ApartmentsCT 2B 1.5B2BR,1.5BA$0.95
Carriage House Apartments2 Bedroom Flat2BR,1.5BA$1.05
Arbors NorthTwo Bedroom 1.5 bathroom Townhome2BR,1.5BA$1.13
Spacious 2 bedroom 2 bath apartments in Harrison Township!1BR/1.0BA1BR,1BA$1.11
Stoneridge Apartments2 Bed 1 BathStoneridge Apartments2BR,1BA$1.07
Audubon Crossing1 Bedroom1BR,1BA$0.91
Trotwood CommonsTwo Bedroom Garden2BR,1BA$1.19
Belle Meadows1x1 7201BR,1BA$1.15
Riverstone Apartments1 BD Standard1BR,1BA$1.20

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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New Lebanon, OH

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Frequently Asked Questions about Cheap New Lebanon Apartments

What is the Cheapest Studio apartment in New Lebanon?

Currently the most affordable Cheap Studio Apartment in New Lebanon is at Rockwood Apartments listed at $700.

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 $817 at Audubon Crossing.

What is the most affordable New Lebanon Three Bedroom Apartment?

The best deal on a cheap New Lebanon Three Bedroom Apartment rental is at Flats on Wolf Creek and starts from $1,098.

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

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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.