
Cheap Homes for Rent in New Lebanon, OH from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in New Lebanon.


2350 Germantown St

1720 Kings Mill Ct

41 N Marion St
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.

3537 Otterbein Ave

308 Bricker Ave

1498 Elaine St

3925 Hoover Ave
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.

216 N Ardmore Ave
New Lebanon, OH Local Guide

How much does it cost to rent a home in New Lebanon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Lebanon 2 Bedroom Homes for Rent | $1,033 | $700 | $1,650 |
| New Lebanon 3 Bedroom Homes for Rent | $1,367 | $1,025 | $2,175 |
| New Lebanon 4 Bedroom Homes for Rent | $2,069 | $1,395 | $2,300 |
| New Lebanon 6 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Top Homes for Rent in New Lebanon
Explore New Lebanon
New Lebanon, OH Local Guide
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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. Brookview Place in the Northridge Estates 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chamberlain I & II Apartments | S3 | 1BR,1BA | $650 |
| Brookview Place | Studio | Studio,1BA | $700 |
| 320 Grafton | Studio | Studio,1BA | $700 |
Best Value Apartments for Rent in New Lebanon, OH and Nearby
As of June 11, 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 2 BD D,K,A,N Model at The Rockwood starting at $1,025 with a $0.93 price per square foot in the Downtown Dayton neighborhood. Here is today’s list of the best values for New Lebanon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grafton House | Two Bedroom Two Bathroom | 2BR,2BA | $0.89 |
| The Rockwood | 2 BD D,K,A,N | 2BR,2BA | $0.93 |
| Townhouse Court Apartments | CT 2B 1.5B | 2BR,1.5BA | $0.95 |
| Broadmoor Apartments | Oak | 2BR,1BA | $1.02 |
| Audubon Crossing | 2 Bedroom | 2BR,1BA | $1.08 |
| Trotwood Commons | One Bedroom Garden | 1BR,1BA | $1.13 |
| Belle Meadows | 1x1 720 | 1BR,1BA | $1.15 |
| Meadows of Catalpa | Aspen | 1BR,1BA | $1.29 |
| Riverstone | 1 BD Standard | 1BR,1BA | $1.20 |
| Apartments at 310 Superior | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.27 |
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.
Best Local Schools in New Lebanon, OH
Dixie Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about New Lebanon
What type of rentals are currently available in New Lebanon?
There are currently 64 Apartments for Rent in New Lebanon, OH with pricing that ranges from $454 to $2,140. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Lebanon ranging from $700 to $2,300.
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 $700 to $2,300 with an average monthly rent of $1,667.
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 $617 to $1,620, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,175. Four Bedroom Single-Family rentals are also available starting from $1,395 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

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.

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.