
Cheap Apartments for Rent in New Castle, CO from $700 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in New Castle.


796 Castle Valley Blvd

646 Riverview Dr

1023 Teller Ave

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Flour Mill

1074 Cedar Way

The Junction

SLICK ROCK APARTMENTS

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The Railyard at Rimrock
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Slate on 25

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The Landing on Horizon

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Rya Suites

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Peppermill Lofts

939-951 Iowa Ave

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Copper Village Apartments

725 Elder Ct

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The House Apartments

Oxbow Apartments
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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Storm Peak Apartments

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Ski Town Apartments

16 Cliff View Ct

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The Meadows

SIX CANYON

Deer Valley Apartments

755 W 2nd St

Summit View Flats

Dream Island
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Eddy Apartments

L3 at Green Leaf Lofts

Main Street Apartments

Red Table Apartments

Altitude Apartments

Flats on 2nd Apartments

736 Bennett Ave

3465 Co Rd 214

759 W 24th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1322 E 7th St

802 East Ave

702 Midland Ave
New Castle, CO Local Guide

How much does it cost to rent an apartment in New Castle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Castle Studio Apartments | $1,857 | $1,375 | $2,775 |
| New Castle 1 Bedroom Apartments | $3,352 | $1,580 | $10,000+ |
| New Castle 2 Bedroom Apartments | $5,881 | $800 | $10,000+ |
| New Castle 3 Bedroom Apartments | $3,523 | $1,650 | $7,500 |
| New Castle 4 Bedroom Apartments | $3,562 | $3,562 | $3,562 |
Browse Top Apartments in New Castle
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New Castle, CO Local Guide
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Cheapest Available New Castle Apartments for Rent and Nearby
 The cheapest available apartment rental in New Castle, CO is a Studio unit found at Flour Mill in the Hilltop Homes neighborhood priced from $1,325. SLICK ROCK APARTMENTS in the Appleton neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,425. Here is today’s list of the most affordable New Castle apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flour Mill | The Sifter | Studio,1BA | $1,325 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1,425 |
| The Slate on 25 | Napa | 1BR,1BA | $1,633 |
| Peppermill Lofts | 2x1 900 SF | 2BR,1BA | $1,650 |
| The House Apartments | Studio - S1 | Studio,1BA | $1,699 |
| The Junction | Redland- 1BR/1BA | 1BR,1BA | $1,699 |
| Oxbow Apartments | Studio | Studio,1BA | $1,718 |
| The Landing on Horizon | The Napa | 1BR,1BA | $1,723 |
| Copper Village Apartments | The Mesa | 2BR,2BA | $1,820 |
| Storm Peak Apartments | Studio | Studio,1BA | $1,850 |
Best Value Apartments for Rent in New Castle, CO and Nearby
As of June 23, 2026 the best value apartment in the New Castle area is the $1.64 price per square foot End Unit Model at Pomona Park Townhomes in the in the Appleton neighborhood starting from $2,557. The second greatest value New Castle apartment is the Three Bedroom - River View Model at River Run starting at $3,545 with a $2.73 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. |
|---|---|---|---|
| Pomona Park Townhomes | End Unit | 3BR,2.5BA | $1.64 |
| River Run | Three Bedroom - River View | 3BR,2BA | $2.73 |
| The Railyard at Rimrock | The Riverside - two bedroom two bath | 2BR,2BA | $1.78 |
| Peppermill Lofts | 2x1 895 | 2BR,1BA | $1.84 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.70 |
| The Slate on 25 | Malone | 1BR,1BA | $2.41 |
| The Landing on Horizon | The Malone | 1BR,1BA | $2.47 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $2.11 |
| The Lofts at Steamboat Basecamp | 3x3 | 3BR,3BA | $2.11 |
| The Junction | Redland A- 1 BR/1BA | 1BR,1BA | $2.91 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in New Castle, CO
Kathryn Senor Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Castle, CO Rentals by Map
See the most popular apartments and homes in New Castle, CO
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 Flour Mill listed at $1,375.
How much is rent for a Cheap One Bedroom New Castle Apartment?
The lowest price for a Cheap One Bedroom New Castle Apartment is $1,633 at The Slate on 25.
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 $1,425 at SLICK ROCK APARTMENTS.
What is the most affordable New Castle Three Bedroom Apartment?
The best deal on a cheap New Castle Three Bedroom Apartment rental is at The Slate on 25 and starts from $2,413.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.