Cheap Apartments for Rent in New London, OH from $400 (41 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.

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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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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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Hampshire I Apartments
Studio to 2 Bedroom Apartments

Hampshire I Apartments

103 Cheshire DrElyria, OH 44035
Corporate Housing
  • Utilities Included
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249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
  • Smoke Free

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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Westwood Estates
1 to 4 Bedroom Apartments

Westwood Estates

7055 Quarry RdAmherst, OH 44001
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Sunset Townhouses
2 to 3 Bedroom Apartments

Sunset Townhouses

630 S Abbe RdElyria, OH 44035
  • 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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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 4 Beds unit found at Buckeye Village Apartments in the Roseland neighborhood priced from $599. Heatherwood Terrace in the East Mansfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $639. Here is today’s list of the most affordable New London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Buckeye Village Apartments4BD4BR,4BA$599
Heatherwood TerraceEfficiencyStudio,1BA$639
Concord Apartments1 Bedroom1BR,1BA$695
Park Avenue West Apartments1x11BR,1BA$700
Fireland Ridge Apartments1 Bed, 1 bath1BR,1BA$795
Crystal Shores CommunityOne bed/one bath1BR,1BA$825
Cedar Wood Apartments2x12BR,1BA$826
The Alba ApartmentsAlba 1BR1BR,1BA$895
SUNSET BOULEVARD – COMFORT, CONVENIENCE & LOW-MAINTENANCE LIVING2BR/1.0BA2BR,1BA$900
Sunset Townhouses2 Bed Townhome2BR,1BA$975

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

As of May 11, 2026 the best value apartment in the New London area is the $0.98 price per square foot Single Family Home Ranch Model at 403 Palomino Ct in the in the South Cleveland neighborhood starting from $1,850. 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.
403 Palomino CtSingle Family Home Ranch3BR,2BA$0.98
Shoreline Village ApartmentsShoreline2BR,2BA$1.19
The Glen Luxury ApartmentsTownhouse2BR,1.5BA$1.36
Union LoftsChestnut 60%2BR,1BA$1.12
Cedar Wood Apartments2x12BR,1BA$0.97
SUNSET BOULEVARD – COMFORT, CONVENIENCE & LOW-MAINTENANCE LIVING2BR/1.0BA2BR,1BA$1.06
Sunset Townhouses2 Bed Townhome2BR,1BA$1.17
Crystal Shores CommunityTwo Bedroom- One Bath (460M)2BR,1BA$1.27
Fireland Ridge Apartments2 Beds, 1 bath2BR,1BA$1.27
Park Avenue West Apartments1x11BR,1BA$1.00

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

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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New London, OH

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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 $695 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 $795 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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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.

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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.