Cheap Apartments for Rent in New London, NC from $700 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in New London.

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.

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American Ave NE
2 to 3 Bedroom Apartments

American Ave NE

71-93 American Ave NEConcord, NC 28025
  • Utilities Included

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.

New London, NC Local Guide

Cheapest Available New London Apartments for Rent and Nearby

 

The cheapest available apartment rental in New London, NC is a 1 Bed unit found at Alexander Station Apartment Homes in the Summit Coporate Center neighborhood priced from $885. Waters Edge Apartment Homes (NC) in the Oak Crest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $910. Here is today’s list of the most affordable New London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Alexander Station Apartment HomesOne Bedroom--Alexander Station 450 sqft1BR,1BA$885
Waters Edge Apartment Homes (NC)Studio - Waters Edge - 336 sqftStudio,1BA$910
306 N Jackson Street1BR/1.0BA1BR,1BA$950
Crestview HuntingtonBirch1BR,1BA$975
Concord FlatsStudio Standard - Call For AvailabilityStudio,1BA$999

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

As of July 05, 2026 the best value apartment in the New London area is the $1.17 price per square foot 3BR/2.0BA Model at American Ave NE in the in the Haddington Estates neighborhood starting from $1,350. The second greatest value New London apartment is the 2x2 Deluxe-Call For Availability Model at Crown Point Luxury Apartments at Kingsport starting at $1,525 with a $1.34 price per square foot in the Oak Crest 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.
American Ave NE3BR/2.0BA3BR,2BA$1.17
Crown Point Luxury Apartments at Kingsport2x2 Deluxe-Call For Availability2BR,2BA$1.34
Courtyard on Main2 Bedroom 1.5 Bathroom2BR,1.5BA$1.31
Davidson Apartment Homes3X2 (C1)3BR,2BA$1.33
The Retreat at Kannapolis2Bd 1.5Bth TH Reno2BR,1.5BA$1.25
Meadow Creek2 Bedroom 1.5 Bath Garden2BR,1.5BA$1.33
Forest Village2 Bedroom 1 Bathroom2BR,1BA$1.25
White Oak Apartments500/508 Jackson Pk Rd, 2br 1.5ba Townhome | Kan...2BR,1.5BA$1.41
Oak Ridge DuplexesOakRidge Duplex (Garden style) 2br 1ba, White O...2BR,1BA$1.39
306 N Jackson Street1BR/1.0BA1BR,1BA$1.36

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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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 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 Waters Edge Apartment Homes (NC) listed at $910.

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

The lowest price for a Cheap One Bedroom New London Apartment is $885 at Alexander Station Apartment Homes.

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 $1,155 at Summerlin at Concord Apartment Homes.

What is the most affordable New London Three Bedroom Apartment?

The best deal on a cheap New London Three Bedroom Apartment rental is at Kannan Station Apartment Homes and starts from $1,335.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.