Cheap Apartments for Rent near Thompson, OH from $725 (31 Rentals)

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

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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Chestnut Village 55+
1 Bedroom Apartments

Chestnut Village 55+

5321 Chestnut AveAshtabula, OH 44004
Senior Living
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Jeremy Park
Studio to 2 Bedroom Apartments

Jeremy Park

61 N Maple StOrwell, OH 44076
Senior Living
  • Utilities Included
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Vineyards of Madison
2 Bedroom Apartments

Vineyards of Madison

6700 Grape Arbor DrMadison, OH 44057
  • 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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Showing Results 1-31, Page 1 of 1

Thompson, OH Local Guide

Cheapest Available Thompson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Thompson, OH is a 1 Bed unit found at Johnson Apartments in the Whalers Cove neighborhood priced from $900. Parkway in the North Mentor neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here is today’s list of the most affordable Thompson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Johnson Apartments1 Bed, 1 bath1BR, 1BA$900
Parkway2BR.1BA.705SF2BR, 1BA$1,025
Richlawn ApartmentsWelcome Home To Richlawn Apartments!1BR, 1BA$1,050
Reserve at Lake Pointe101 - 1 Bed, 1 Bath1BR, 1BA$1,079
Normandy Manor Apartments2 Bedroom 1 Bath2BR, 1BA$1,085
Queensdale Apartments2 Bedroom2BR, 1BA$1,100
Villas of Geneva1 Bedroom1BR, 1BA$1,149
Grove Manor ApartmentsTwo Bedroom 1.5 Bath2BR, 1BA$1,150
SummertreeWelcome Home to Summertree Apartments!2BR, 1BA$1,200
Park House 7945-7947 Mentor AveWelcome Home To Park House Apartments!1BR, 1BA$1,200

Best Value Apartments for Rent in Thompson, OH and Nearby

As of September 18, 2026 the best value apartment in the Thompson area is the $0.75 price per square foot 1 Bed, 1 bath Model at Johnson Apartments in the Whalers Cove neighborhood starting from $900. The second greatest value Thompson apartment is the Town home with basement Model at Hilltop Apartments and Townhomes in the Brentwood neighborhood starting at $1,495 with a $1.26 price per square foot. Here is today’s list of the best values for Thompson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Johnson Apartments1 Bed, 1 bath1BR, 1BA$0.75
Hilltop Apartments and TownhomesTown home with basement2BR, 1BA$1.26
Cobblestone Court ApartmentsB1GS2BR, 2BA$1.46
Colonial VillageColonial: 2 Bed 1 Bath | 950 sqft | FULL remodel2BR, 1BA$1.32
Grove Manor ApartmentsTwo Bedroom 1.5 Bath2BR, 1.5BA$1.28
SummertreeWelcome Home to Summertree Apartments!2BR, 1BA$1.41
Normandy Manor Apartments2 Bedroom 1 Bath2BR, 1BA$1.32
Queensdale Apartments2 Bedroom2BR, 1BA$1.38
Reserve at Lake Pointe101 - 1 Bed, 1 Bath1BR, 1BA$1.38
Parkway2BR.1BA.705SF2BR, 1BA$1.45

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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:
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Frequently Asked Questions about Cheap Thompson Apartments

How much is rent for a Cheap One Bedroom Thompson Apartment?

The lowest price for a Cheap One Bedroom Thompson Apartment is $900 at Johnson Apartments.

What is the lowest price for a Cheap Two Bedroom Thompson Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Thompson is starting from $1,025 at Parkway.

What is the most affordable Thompson Three Bedroom Apartment?

The best deal on a cheap Thompson Three Bedroom Apartment rental is at Queensdale Apartments and starts from $1,200.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.