Cheap Homes for Rent in New Lebanon, OH from $700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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

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.

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.

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 $710. Shiloh Gardens Independent Living in the Outer Northeast neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here is today’s list of the most affordable New Lebanon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chamberlain I & II Apartments1A1BR,1BA$710
Shiloh Gardens Independent Living1 Bedroom1BR,1BA$779
Audubon Crossing1 Bedroom1BR,1BA$790
Broadmoor ApartmentsAsh1BR,1BA$794
Meadows of CatalpaChristy1BR,1BA$795

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

As of July 26, 2026 the best value apartment in the New Lebanon area is the $0.93 price per square foot Two Bedroom Two Bathroom Model at Grafton House in the in the Downtown Dayton neighborhood starting from $1,674. The second greatest value New Lebanon apartment is the Three Bedroom Townhouse Model at Trotwood Commons starting at $1,300 with a $1.02 price per square foot in the Northern Hills 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$0.93
Trotwood CommonsThree Bedroom Townhouse3BR,1.5BA$1.02
Rockwood Apartments2 BD D,K,A,N2BR,2BA$0.93
Townhouse Court ApartmentsCT 2B 1.5B2BR,1.5BA$0.95
Audubon Crossing2 Bedroom2BR,1BA$1.08
Carriage House Apartments1 Bedroom Flat1BR,1BA$0.98
Executive House2 Bedroom Standard2BR,1BA$1.24
Belle Meadows1x1 7201BR,1BA$1.15
Riverstone ApartmentsConveniently located 1 BD 1 BA apartments! off ...1BR,1BA$1.20
Broadmoor ApartmentsAsh1BR,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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore New Lebanon, OH Rentals by Map

View Map
New Lebanon, OH Apartments Map
View Map
New Lebanon, OH Rental Homes Map

Frequently Asked Questions about New Lebanon

What type of rentals are currently available in New Lebanon?

There are currently 66 Apartments for Rent in New Lebanon, OH with pricing that ranges from $650 to $2,415. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Lebanon ranging from $750 to $5,995.

What is the current price range for Rental Homes in New Lebanon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Lebanon ranges from $750 to $5,995 with an average monthly rent of $1,881.

How much are larger Three and Four Bedroom Rentals in New Lebanon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Lebanon range from $1,099 to $2,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,545. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,695.

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.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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.