Cheap Apartments for Rent in New Castle, KY from $600 (22 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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ColaCommons
2 to 3 Bedroom Apartments

ColaCommons

80 Frankfort RdShelbyville, KY 40065
  • Utilities Included

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New Castle, KY Local Guide

Cheapest Available New Castle Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Castle, KY is a 1 Bed unit found at Riverview Apartments priced from $600. Heathmoore in the Outer East End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here is today’s list of the most affordable New Castle apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsOne Bedroom One Bath1BR,1BA$600
HeathmooreStudio SStudio,1BA$915
Oldham Oaks2 Bedroom2BR,2BA$980
Westport Woods2 Bed 1 Bath2BR,1BA$995
Flats at Twenty2b 2b2BR,2BA$995

Best Value Apartments for Rent in New Castle, KY and Nearby

As of December 27, 2025 the best value apartment in the New Castle area is the $0.97 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,305. The second greatest value New Castle apartment is the Thoroughbred Model at Crestwood Commons starting at $1,500 with a $1.23 price per square foot in the East End neighborhood. 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.
Oldham Oaks3 Bedroom3BR,2BA$0.97
Crestwood CommonsThoroughbred2BR,2BA$1.23
Brook Haven Townhomes2 Beds, 1.5 baths2BR,1.5BA$0.92
Cardinal Ridge Apartments2x22BR,2BA$1.12
Shelby Oaks ApartmentsTwo Bedroom2BR,2BA$1.06
Westport Woods2 bed 2 Bath2BR,2BA$1.24
Buckner Pointe2 Bedroom2BR,2BA$1.20
Camden Woods Apartments2 Bedroom2BR,2BA$1.18
Stonewater ApartmentsA1R1BR,1BA$1.25
Woodfield Apartment Homes2 bed 2 bath2BR,2BA$1.33

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Pet Friendly Lifestyle

Ranked #

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

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Best Local Schools in
New Castle, KY

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap New Castle Apartments

What is the Cheapest Studio apartment in New Castle?

Currently the most affordable Cheap Studio Apartment in New Castle is at Riverview Apartments listed at $637.

How much is rent for a Cheap One Bedroom New Castle Apartment?

The lowest price for a Cheap One Bedroom New Castle Apartment is $600 at Riverview Apartments.

What is the lowest price for a Cheap Two Bedroom New Castle Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Castle is starting from $980 at Oldham Oaks.

What is the most affordable New Castle Three Bedroom Apartment?

The best deal on a cheap New Castle Three Bedroom Apartment rental is at Oldham Oaks and starts from $1,305.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!