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

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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249 8th St
1 to 3 Bedroom Apartments

249 8th St

249 8th StElyria, OH 44035
  • Smoke Free
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Westwood Estates
1 to 4 Bedroom Apartments

Westwood Estates

7055 Quarry RdAmherst, OH 44001

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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Showing Results 1-41, 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 1 Bed unit found at Union Lofts in the Montgomery Township neighborhood priced from $546. Heatherwood Terrace in the East Mansfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $599. Here is today’s list of the most affordable New London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union Lofts50HUD-Haze1BR,1BA$546
Heatherwood TerraceEfficiencyStudio,1BA$599
Buckeye Village Apartments4BD4BR,4BA$599
Park Avenue West Apartments1x11BR,1BA$700
Concord Apartments1 Bedroom1BR,1BA$725
Fireland Ridge Apartments1 Bed, 1 bath1BR,1BA$795
Crystal Shores CommunityOne bed/one bath1BR,1BA$825
501-538 Quail Creek Dr2 Beds, 1.5 baths2BR,1BA$825
Cedar Wood Apartments2x12BR,1BA$826
The Alba ApartmentsAlba 1BR1BR,1BA$895

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

As of June 25, 2026 the best value apartment in the New London area is the $1.19 price per square foot Shoreline Model at Shoreline Village Apartments in the in the Downtown Vermilion neighborhood starting from $1,550. The second greatest value New London apartment is the 3BD Model at Buckeye Village Apartments starting at $645 with a $0.57 price per square foot in the Roseland 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.
Shoreline Village ApartmentsShoreline2BR,2BA$1.19
Buckeye Village Apartments3BD3BR,3BA$0.57
Sunset Blvd Apartments3BR/1.0BA3BR,1BA$0.95
The Glen Luxury ApartmentsTownhouse2BR,1.5BA$1.36
The Shore Club2 Bed 2 Bath Bayside2BR,2BA$1.40
Cedar Wood Apartments2x12BR,1BA$0.97
Sunset Townhouses2 Bed Townhome2BR,1BA$1.17
501-538 Quail Creek Dr1 Bed, 1 bath1BR,1BA$1.10
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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Remember the 3 Rules of Real Estate:
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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 $546 at Union Lofts.

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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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.

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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.