Cheap Homes for Rent in New Lexington, OH from $400 (14 Rentals)

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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.

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.

New Lexington, OH Local Guide

Cheapest Available New Lexington Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Lexington, OH is a 2 Beds unit found at Kershaw Greene I priced from $360. Colony Terrace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable New Lexington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Kershaw Greene I2 bdr2BR,1BA$360
Colony Terrace Apartments1 Bedroom1BR,1BA$500
Mapleview Terrace Apartments1 Bedroom Garden1BR,1BA$535
Munson Crossing2 bdr2BR,1BA$655
Kershaw Greene II2 bdr2BR,1BA$736

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

As of May 30, 2026 the best value apartment in the New Lexington area is the $0.87 price per square foot Two Bedroom Model at Kershaw Greene III in the starting from $760. The second greatest value New Lexington apartment is the 2 Bedroom Model at Carol Crossing starting at $763 with a $0.87 price per square foot . Here is today’s list of the best values for New Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kershaw Greene IIITwo Bedroom2BR,1BA$0.87
Carol Crossing2 Bedroom2BR,1BA$0.87
Munson Crossing2 bdr2BR,1BA$0.76
Kershaw Greene I2 bdr2BR,1BA$0.42
Kershaw Greene II2 bdr2BR,1BA$0.86
Sater Village Apartments2BR/1BA2BR,1BA$1.07
Canal Crossing1 Bedroom1BR,1BA$1.10
Baltimore Manor1 Bed, 1 bath1BR,1BA$1.13
Colony Terrace Apartments1 Bedroom1BR,1BA$1.05
Mapleview Terrace Apartments1 Bedroom Garden1BR,1BA$1.13

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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Quick Rent Budget Calculator

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

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Frequently Asked Questions about New Lexington

What type of rentals are currently available in New Lexington?

There are currently 66 Apartments for Rent in New Lexington, OH with pricing that ranges from $500 to $2,472. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Lexington ranging from $483 to $3,750.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Lexington ranges from $483 to $3,750 with an average monthly rent of $1,397.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Lexington range from $770 to $2,472, while Three Bedroom Homes, Condos, and Townhomes for rent range from $625 to $2,300. Four Bedroom Single-Family rentals are also available starting from $486 and Four Bedroom Apartments start at $1,250.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.