Cheap Apartments for Rent in Thompson, OH from $500 (47 Rentals)

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

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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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

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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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 1-47, 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 Andover Courtyard in the East Mentor neighborhood priced from $950. Mill Park Apartments in the Northeast Cleveland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Thompson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Andover Courtyard1Bed 1 Bath1BR,1BA$950
Mill Park Apartments1 Bedroom 1 Bath1BR,1BA$950
Parkway2BR.1BA.705SF_*2BR,1BA$965
Richlawn ApartmentsWelcome Home To Richlawn Apartments!1BR,1BA$1,050
Nye Park Apartments2BD/1BHT2BR,1BA$1,079
Queensdale Apartments2 Bedroom2BR,1BA$1,100
Villas of Geneva1 Bedroom1BR,1BA$1,149
Grove Manor ApartmentsTwo Bedroom 1.5 Bath2BR,1BA$1,150
Summertree 7701 Sharon DrWelcome 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 June 19, 2026 the best value apartment in the Thompson area is the $1.85 price per square foot 2-Bedroom, 1.5-Bath Townhome Model at Chardon Place in the in the Northeast Cleveland neighborhood starting from $1,695. The second greatest value Thompson apartment is the Two Bedroom 1.5 Bath Model at Grove Manor Apartments starting at $1,150 with a $1.28 price per square foot in the Northeast Cleveland neighborhood. 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.
Chardon Place2-Bedroom, 1.5-Bath Townhome2BR,1.5BA$1.85
Grove Manor ApartmentsTwo Bedroom 1.5 Bath2BR,1.5BA$1.28
Nye Park Apartments2BD/1BHT2BR,1BA$1.20
Summertree 7701 Sharon DrWelcome Home to Summertree Apartments!2BR,1BA$1.41
Tamarac ApartmentsOne Bedroom Garden Style1BR,1BA$1.71
Normandy Manor Apartments2 Bedroom 1 Bath2BR,1BA$1.32
Queensdale Apartments2 Bedroom2BR,1BA$1.38
Integrity Chardon / Maple Ridge Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.62
Villas of Geneva1 Bedroom1BR,1BA$1.87
Andover Courtyard1Bed 1 Bath1BR,1BA$1.64

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Thompson, OH Rentals by Map

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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 $950 at Andover Courtyard.

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 $1,079 at Nye Park Apartments.

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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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.