
Cheap Homes for Rent in New London, MN from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in New London.


626 4th St SE, Unit #1 - Lower

512 Maple Ln
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.

313 5th St S

519 14th St S

1100 Elizabeth Ave SE
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.

255 6th Ave NE
New London, MN Local Guide

How much does it cost to rent a home in New London?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New London 2 Bedroom Homes for Rent | $1,312 | $795 | $2,200 |
| New London 3 Bedroom Homes for Rent | $1,937 | $1,400 | $2,500 |
| New London 4 Bedroom Homes for Rent | $2,407 | $1,500 | $4,000 |
| New London 5 Bedroom Homes for Rent | $2,850 | $1,900 | $3,800 |
| New London 6 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Top Homes for Rent in New London
Explore New London
New London, MN Local Guide
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Cheapest Available New London Apartments for Rent and Nearby
 The cheapest available apartment rental in New London, MN is a 1 Bed unit found at Bethel On Bryant priced from $745. Suite Liv'N - Willmar has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable New London apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $745 |
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
Best Value Apartments for Rent in New London, MN and Nearby
As of June 10, 2026 the best value apartment in the New London area is the $1.10 price per square foot Three Bedroom - Somerset Model at Somerset Properties in the starting from $1,350. The second greatest value New London apartment is the D Model at Savanna Apartments starting at $1,170 with a $1.19 price per square foot . Here is today’s list of the best values for New London apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Somerset Properties | Three Bedroom - Somerset | 3BR,2BA | $1.10 |
| Savanna Apartments | D | 2BR,1BA | $1.19 |
| The Oaks on 20th | 2 Bedroom/2 Bath Apartment | 2BR,2BA | $1.34 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Sterling Manor Apartments | Large 1 Bedroom | 1BR,1BA | $1.27 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $0.96 |
| 1505 Becker Ave SE | 2 bed 1 bath | 2BR,1BA | $1.32 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| Cardinal Manor Apartments | One Bedroom - Handicap Accessible | 1BR,1BA | $1.22 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
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 London, MN
Prairie Woods Elementary
New London-Spicer Middle
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New London, MN Rentals by Map
See the most popular apartments and homes in New London, MN
Frequently Asked Questions about New London
What type of rentals are currently available in New London?
There are currently 60 Apartments for Rent in New London, MN with pricing that ranges from $700 to $1,785. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in New London ranging from $400 to $4,000.
What is the current price range for Rental Homes in New London?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New London ranges from $400 to $4,000 with an average monthly rent of $1,884.
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

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.

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.