Cheap Apartments for Rent in New London, IA from $300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in New London.

Colorado Senior Lofts 55+

Lexington Concord

MAPLE PLACE APARTMENTS

Aspen Court

510 Wapello St S
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Smith and Royer Apartments

Park Madison Apartments

209 Chandler Blvd

304 S 2nd St

204 Charleston Blvd
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.

217 Charleston Blvd

201 Charleston Blvd

202 Charleston Blvd

1218 Cedar St

607 NE 3rd Ave

518 W Murray St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

105 SE 13th St

61 Midtown Ln
New London, IA Local Guide

How much does it cost to rent an apartment in New London?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New London Studio Apartments | $886 | $390 | $1,200 |
New London 1 Bedroom Apartments | $927 | $492 | $1,650 |
New London 2 Bedroom Apartments | $1,109 | $450 | $1,700 |
New London 3 Bedroom Apartments | $1,203 | $650 | $3,300 |
New London 4 Bedroom Apartments | $1,233 | $600 | $1,600 |
Browse Top Apartments in New London
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New London, IA Local Guide
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Cheapest Available New London Apartments for Rent and Nearby
 The cheapest available apartment rental in New London, IA is a Studio unit found at Macomb Rentals priced from $390. Colorado Senior Lofts 55+ in the Meadow Lane Add neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $492. Here is today’s list of the most affordable New London apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Macomb Rentals | Studio, 1 bath | Studio,1BA | $390 |
Colorado Senior Lofts 55+ | 1 Bed, 1 bath | 1BR,1BA | $492 |
510 Wapello St S | Unit 38 | 2BR,1BA | $641 |
Smith and Royer Apartments | 1 Bedroom | 1BR,1BA | $650 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $700 |
Best Value Apartments for Rent in New London, IA and Nearby
As of May 16, 2025 the best value apartment in the New London area is the $1.03 price per square foot 2 Bedrooms, 2 Bathrooms Model at Haven at Parkway in the in the Rock Riverfront neighborhood starting from $1,275. The second greatest value New London apartment is the Churchill Lofts - 301 Model at Churchill Lofts starting at $998 with a $0.93 price per square foot in the Ginger Ridge neighborhood. Here is today’s list of the best values for New London apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Haven at Parkway | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.03 |
Churchill Lofts | Churchill Lofts - 301 | 2BR,1BA | $0.93 |
MAPLE PLACE APARTMENTS | 3 Bed 1 Bath Townhome | 3BR,1BA | $0.87 |
Colorado Senior Lofts 55+ | 2 Beds, 1 bath | 2BR,1BA | $0.91 |
School House Apartments | 1 Bedroom and 1 Bath | 1BR,1BA | $0.89 |
Summer Street Apartments | Apartment 1 | 2BR,1BA | $1.00 |
Louden Lofts | Two Bedroom | 2BR,2BA | $1.00 |
Walcott Manor Apartments | 2 BR/ 1 BA | 2BR,1BA | $0.98 |
Park Madison Apartments | 1BR/1BA | 1BR,1BA | $0.93 |
Cotton Mill Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.00 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New London, IA Rentals by Map
See the most popular apartments and homes in New London, IA
Getting Around New London, IA
Walk Score®
12 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
23 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap New London Apartments
What is the Cheapest Studio apartment in New London?
Currently the most affordable Cheap Studio Apartment in New London is at Macomb Rentals listed at $390.
How much is rent for a Cheap One Bedroom New London Apartment?
The lowest price for a Cheap One Bedroom New London Apartment is $492 at Colorado Senior Lofts 55+.
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 $450 at Macomb Rentals.
What is the most affordable New London Three Bedroom Apartment?
The best deal on a cheap New London Three Bedroom Apartment rental is at MAPLE PLACE APARTMENTS and starts from $820.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.