Cheap Homes for Rent in New Castle, IN from $500 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in New Castle.

property at 701 S 14th St

701 S 14th St

New CastleIN47362
property at 509 S 18th St

509 S 18th St

New CastleIN47362
property at 4801 E Co Rd 67

4801 E Co Rd 67

ChesterfieldIN46017

New Castle, IN Local Guide

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 ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$376
University Village4BD/2BA Unfurnished Premium4BR,2BA$385
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
Cedar Ridge TownhomesThe Sequoia3BR,1.5BA$0.92
Hoosier Woods Apartments2x2 60%2BR,2BA$0.99
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.88
Jamestown VillageJames Madison2BR,1BA$1.22
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$0.54
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
River Landing Apartments1 Bed, 1 bath1BR,1BA$1.21
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,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.

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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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.

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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.