Cheap Apartments for Rent in New London, IA from $300 (48 Rentals)

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Ramey Retirement
1 to 2 Bedroom Apartments

Ramey Retirement

500 W Washington StNew London, IA 52645

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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630 N 6th St
Studio to 1 Bedroom Apartments

630 N 6th St

630 N 6th StBurlington, IA 52601

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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Chateau Apartments
1 to 2 Bedroom Apartments

Chateau Apartments

114 26th StFort Madison, IA 52627
  • Utilities Included
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Keokuk Family Flats
1 to 3 Bedroom Apartments

Keokuk Family Flats

2812 Lincoln AveKeokuk, IA 52632
  • Utilities Included

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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601-605 W Orchard St
Studio to 3 Bedroom Apartments

601-605 W Orchard St

601-605 W Orchard StMacomb, IL 61455
Student Housing
  • Utilities Included
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Mediapolis Village
2 to 4 Bedroom Apartments

Mediapolis Village

510 Wapello St SMediapolis, IA 52637

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 116 N 4th St

$900 - $1,295

1 To 2 Bedroom Rentals

Available Now

116 N 4th St

BurlingtonIA52601
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New London, IA Local Guide

Cheapest Available New London Apartments for Rent and Nearby

 

The cheapest available apartment rental in New London, IA is a Studio unit found at Macomb Rentals priced from $390. Smith and Royer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable New London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Macomb RentalsStudio, 1 bathStudio,1BA$390
Smith and Royer Apartments1 Bedroom Side Apartment1BR,1BA$550
MAPLE PLACE APARTMENTS1 Bed 1 Bath1BR,1BA$665
Welch Hotel Senior ApartmentsStudioStudio,1BA$695
Bel Aire Apartments2 Bedroom2BR,1BA$695
Park Madison Apartments1BR/1BA1BR,1BA$750
Caspian Village Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Summer Street ApartmentsStudioStudio,1BA$750
Green Gable CottagesGreen Gable 1 Bedroom1BR,1BA$750
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$780

Best Value Apartments for Rent in New London, IA and Nearby

As of April 30, 2026 the best value apartment in the New London area is the $0.85 price per square foot 3 BR / 2 BA Model at Creekside Park in the starting from $1,029. The second greatest value New London apartment is the Churchill Lofts - 214 Model at Churchill Lofts starting at $1,295 with a $1.07 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for New London apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Creekside Park3 BR / 2 BA3BR,2BA$0.85
Churchill LoftsChurchill Lofts - 2142BR,1BA$1.07
Blaul LoftsBlaul Lofts - 3112BR,1BA$1.12
The Quarters Iowa CityC1 - 3x33BR,3BA$0.59
Westland Village2x12BR,1BA$0.89
School House Apartments1 Bedroom and 1 Bath1BR,1BA$1.06
Walcott Manor Apartments2 BR/ 1 BA2BR,1BA$0.98
Park Madison Apartments1BR/1BA1BR,1BA$1.00
Bel Aire Apartments2 Bedroom2BR,1BA$1.11
MAPLE PLACE APARTMENTS1 Bed 1 Bath1BR,1BA$1.11

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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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.

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

Explore New London, IA Rentals by Map

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Frequently Asked Questions about Cheap New London Apartments

What is the Cheapest Studio apartment in New London?

Currently the most affordable Cheap Studio Apartment in New London is at Macomb Rentals listed at $390.

How much is rent for a Cheap One Bedroom New London Apartment?

The lowest price for a Cheap One Bedroom New London Apartment is $510 at Macomb Rentals.

What is the lowest price for a Cheap Two Bedroom New London Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New London is starting from $450 at Macomb Rentals.

What is the most affordable New London Three Bedroom Apartment?

The best deal on a cheap New London Three Bedroom Apartment rental is at MAPLE PLACE APARTMENTS and starts from $870.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.