Cheap Homes for Rent in New London, IA from $500 (12 Rentals)

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property at 509 SE 4th St

509 SE 4th St

AledoIL61231

New London, IA Local Guide

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. Bel Aire Apartments in the Ginger Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable New London apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Macomb RentalsStudio, 1 bathStudio,1BA$390
Bel Aire Apartments1 Bedroom1BR,1BA$650
Smith and Royer Apartments1 Bedroom1BR,1BA$650
Walcott Manor Apartments1 BR/ BA1BR,1BA$695
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$700

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

As of March 25, 2025 the best value apartment in the New London area is the $1.19 price per square foot Three Bedroom Model at Village Woods in the starting from $1,345. The second greatest value New London apartment is the 2 BR / 2 BA Model at Creekside Park starting at $973 with a $0.92 price per square foot . 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.
Village WoodsThree Bedroom3BR,2BA$1.19
Creekside Park2 BR / 2 BA2BR,2BA$0.92
Park Madison Apartments2BR/1BA2BR,1BA$0.84
MAPLE PLACE APARTMENTS3 Bed 1 Bath Townhome3BR,1BA$0.87
Churchill LoftsChurchill Lofts - 2051BR,1BA$0.97
Blaul LoftsBlaul Lofts - 4071BR,1BA$1.02
Louden LoftsTwo Bedroom2BR,2BA$1.00
Walcott Manor Apartments1 BR/ BA1BR,1BA$0.99
Cotton Mill Apartments1 Bed, 1 bath1BR,1BA$1.00
Bel Aire Apartments2 Bedroom2BR,1BA$1.11

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Frequently Asked Questions about New London

What type of rentals are currently available in New London?

There are currently 41 Apartments for Rent in New London, IA with pricing that ranges from $390 to $3,300. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in New London ranging from $575 to $2,400.

What is the current price range for Rental Homes in New London?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New London ranges from $575 to $2,400 with an average monthly rent of $1,017.

How much are larger Three and Four Bedroom Rentals in New London?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New London range from $695 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,100. Four Bedroom Single-Family rentals are also available starting from $623 and Four Bedroom Apartments start at $600.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.