
Cheap Homes for Rent in New Lebanon, OH from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in New Lebanon.


3711 Pittsburg Ave

481 N Broadway St

725 Maplehurst Ave

1205 Shaftesbury Rd

3537 Otterbein 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.

308 Bricker Ave

3600 Detroit Ave

1498 Elaine St

2240 Lakeview Ave

4665 Owens Dr

1675 Wesleyan Rd
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.

3925 Hoover 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 | $974 | $700 | $1,650 |
| New Lebanon 3 Bedroom Homes for Rent | $1,265 | $1,000 | $1,600 |
| New Lebanon 4 Bedroom Homes for Rent | $2,848 | $1,395 | $5,500 |
| 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chamberlain I & II Apartments | S3 | 1BR,1BA | $650 |
| Rockwood Apartments | Studio C, L | Studio,1BA | $700 |
| 320 Grafton | Studio | Studio,1BA | $750 |
| Executive House | 1 Bedroom standard | 1BR,1BA | $775 |
| Shiloh Gardens Independent Living | 1 Bedroom | 1BR,1BA | $779 |
Best Value Apartments for Rent in New Lebanon, OH and Nearby
As of April 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grafton House | Two Bedroom Two Bathroom | 2BR,2BA | $0.89 |
| Townhouse Court Apartments | CT 2B 1.5B | 2BR,1.5BA | $0.95 |
| Spacious 2 bedroom 2 bath apartments in Harrison Township! | 1BR/1.0BA | 1BR,1BA | $1.11 |
| Arbors North | Two Bedroom 1.5 bathroom | 2BR,1.5BA | $1.07 |
| Stoneridge Apartments | 2 Bed 1 BathStoneridge Apartments | 2BR,1BA | $1.07 |
| Audubon Crossing | 1 Bedroom | 1BR,1BA | $0.91 |
| Trotwood Commons | Two Bedroom Garden | 2BR,1BA | $1.19 |
| Belle Meadows | 1x1 720 | 1BR,1BA | $1.15 |
| Riverstone Apartments | 1 BD Standard | 1BR,1BA | $1.20 |
| Apartments at 310 Superior | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.27 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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!
Explore New Lebanon, OH Rentals by Map
See the most popular apartments and homes in New Lebanon, OH
Frequently Asked Questions about New Lebanon
What type of rentals are currently available in New Lebanon?
There are currently 63 Apartments for Rent in New Lebanon, OH with pricing that ranges from $650 to $2,190. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Lebanon ranging from $700 to $5,500.
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 $5,500 with an average monthly rent of $1,821.
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 $1,098 to $1,605, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,745.
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.

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.

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.

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.