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New London, OH Home for Rent

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    $500 Per Month

    • Studio
    • 1 Bath
    • ab43 (Bauckman lease only)

    43 E Main St Unit . 3, New London, OH 44851

    43 E Main St Unit . 3, New London, OH 44851

Why Live in New London

New London, located in Ohio's Great Lakes Region, is a small community with historic roots dating back to 1816. The village features quiet streets lined with tall oaks and a mix of Craftsman and National Folk homes from the late 19th century, as well as renovated mid-20th-century ranch and split-level houses. The downtown area, centered around Main Street, includes independently owned shops and restaurants like Your Daily Grind and Wildcat Café, housed in historic brick buildings. Future development plans include repaving roads and updating sidewalks and light fixtures. Outdoor recreation is abundant with over 330 acres of green space, including New London Recreation Park, Reservoir Park, and New London Campground. The New London Upground Reservoir is a popular spot for swimming, fishing, and kayaking. The village hosts Rockin’ the Rez, an annual summer event featuring live music, food trucks, and artisan vendors. New London is connected by Route 60 and Route 162, with the nearest major medical plaza 16 miles away in Norwalk. The community is served by the New London Local School District, with all grades taught within the same building.

Frequently Asked Questions

How much does it cost to rent a home in New London, OH?
The median rent for a home in New London, OH is $500 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in New London, OH?
To comfortably afford the median rent in New London, OH, a household needs to earn roughly $20,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $500 per month in New London, OH, renters typically need to show $1,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New London, OH?
In New London, OH, the price-to-rent ratio is 26.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in New London, OH

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$500
Median Condo Rent
$500
How to Rent a Home