
Cheap Homes for Rent in New Castle, IN from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in New Castle.


1500 W 16th St

1705 W 9th St

925 N Main St

701 S 14th St

1519 A Ave

1129 S 18th St

302 W 6th St

509 S 18th St

807 W 14th St

4801 E Co Rd 67
New Castle, IN Local Guide

How much does it cost to rent a home in New Castle?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Castle 2 Bedroom Homes for Rent | $1,101 | $775 | $1,650 |
New Castle 3 Bedroom Homes for Rent | $1,258 | $727 | $2,500 |
Browse Top Homes for Rent in New Castle
Explore New Castle
New Castle, IN Local Guide
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Cheapest Available New Castle Apartments for Rent and Nearby
 The cheapest available apartment rental in New Castle, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Grand Avenue Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $376. Here is today’s list of the most affordable New Castle apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $376 |
University Village | 4BD/2BA Unfurnished Premium | 4BR,2BA | $385 |
The Haven | 4x4 | 4BR,4BA | $510 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
Best Value Apartments for Rent in New Castle, IN and Nearby
As of March 22, 2025 the best value apartment in the New Castle area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value New Castle apartment is the The Sequoia Model at Cedar Ridge Townhomes starting at $1,120 with a $0.92 price per square foot . Here is today’s list of the best values for New Castle apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
Cedar Ridge Townhomes | The Sequoia | 3BR,1.5BA | $0.92 |
Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $0.99 |
The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
Jamestown Village | James Madison | 2BR,1BA | $1.22 |
Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $0.54 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
River Landing Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.21 |
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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Frequently Asked Questions about New Castle
What type of rentals are currently available in New Castle?
There are currently 66 Apartments for Rent in New Castle, IN with pricing that ranges from $250 to $1,800. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $525 to $2,500.
What is the current price range for Rental Homes in New Castle?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Castle ranges from $525 to $2,500 with an average monthly rent of $1,036.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.