Cheap Apartments for Rent in New London, OH from $400 (44 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Hampshire I Apartments
Studio to 2 Bedroom Apartments

Hampshire I Apartments

103 Cheshire DrElyria, OH 44035
Corporate Housing
  • Utilities Included

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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249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
  • Smoke Free

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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Westwood Estates
1 to 4 Bedroom Apartments

Westwood Estates

7055 Quarry RdAmherst, OH 44001
Showing Results 1-44, Page 1 of 1

New London, OH Local Guide

Cheapest Available New London Apartments for Rent and Nearby

 

The cheapest available apartment rental in New London, OH is a Studio unit found at Heatherwood Terrace in the Mansfield neighborhood priced from $599. Concord Apartments in the Bartish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable New London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heatherwood TerraceStudioStudio,1BA$599
Concord Apartments1 Bedroom1BR,1BA$725
Fireland Ridge Apartments1 Bed, 1 bath1BR,1BA$795
Cedar Wood Apartments2x12BR,1BA$826
Crystal Shores CommunityOne bed/one bath1BR,1BA$865
Park Avenue West Apartments and TownhomesThe Villa2BR,1BA$889
The Alba ApartmentsAlba 1BR1BR,1BA$895
Sunset Blvd Apartments2BR/1.0BA2BR,1BA$900
Condor Garden Apartments2 Bedroom2BR,1BA$910
Sunset Townhouses2 Bed Townhome2BR,1BA$975

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

As of August 17, 2026 the best value apartment in the New London area is the $1.28 price per square foot 2 x 2 Model at Latitude 40 Flats in the in the Montgomery Township neighborhood starting from $1,725. The second greatest value New London apartment is the Shoreline Model at Shoreline Village Apartments starting at $1,550 with a $1.19 price per square foot in the Downtown Vermilion 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.
Latitude 40 Flats2 x 22BR,2BA$1.28
Shoreline Village ApartmentsShoreline2BR,2BA$1.19
The Shore Club2 Bed 2 Bath Bayside2BR,2BA$1.38
Union Lofts80-Chestnu2BR,1BA$1.20
Park Avenue West Apartments and TownhomesThe Villa2BR,1BA$0.97
Cedar Wood Apartments2x12BR,1BA$0.97
Sunset Blvd Apartments2BR/1.0BA2BR,1BA$1.06
Sunset Townhouses2 Bed Townhome2BR,1BA$1.17
Condor Garden Apartments2 Bedroom2BR,1BA$1.19
Fireland Ridge Apartments2 Beds, 1 bath2BR,1BA$1.27

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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New London, OH

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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

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

The lowest price for a Cheap One Bedroom New London Apartment is $725 at Concord Apartments.

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 $825 at Concord Apartments.

What is the most affordable New London Three Bedroom Apartment?

The best deal on a cheap New London Three Bedroom Apartment rental is at Sunset Townhouses and starts from $1,000.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.