
Cheap Apartments for Rent in New Castle, CO from $642 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in New Castle.


646 Riverview Dr

796 Castle Valley Blvd

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Aster Place

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Summit View Apartments

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The Junction

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The Railyard at Rimrock

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Peppermill Lofts

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SLICK ROCK APARTMENTS
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

777 Main St

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1074 Cedar Way

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The Landing on Horizon

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The Slate on 25

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Copper Village Apartments

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Rya Suites

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Flour Mill

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939 Iowa Ave

867 Birch Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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The House Apartments

6231 309rd

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Ski Town Apartments

3029 Coal Mine Ave

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Storm Peak Apartments

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The Meadows

Deer Valley Apartments

1023 Teller Ave

Dream Island
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Eddy

2404 West Ave

721 Clarkson Ave

Oxbow Apartments

359 S 9th St

L3 at Green Leaf Lofts

Main Street Apartments

Red Table Apartments

Altitude Apartments
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.

Flats on 2nd Apartments

4122 Sky Ranch Dr

3104 Hager Ln
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 | $2,030 | $1,400 | $3,683 |
| New Castle 1 Bedroom Apartments | $3,439 | $642 | $10,000+ |
| New Castle 2 Bedroom Apartments | $6,493 | $770 | $10,000+ |
| New Castle 3 Bedroom Apartments | $2,884 | $890 | $8,793 |
| 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 1 Bed unit found at Aster Place priced from $642. Summit View Apartments in the Central Grand Junction neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,395. Here is today’s list of the most affordable New Castle apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aster Place | One Bedroom - 30% AMI | 1BR, 1BA | $642 |
| Summit View Apartments | 2 Bedroom 1 Bath - 83336 | 2BR, 1BA | $1,395 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR, 1BA | $1,425 |
| Eddy | A3 | 1BR, 1BA | $1,525 |
| Copper Village Apartments | The Bookcliff | 1BR, 1BA | $1,575 |
| Peppermill Lofts | 2x1 900 SF | 2BR, 1BA | $1,609 |
| Flour Mill | The Sifter | Studio, 1BA | $1,675 |
| Ski Town Apartments | Small Studio | Studio, 1BA | $1,850 |
| Storm Peak Apartments | Studio with Deck | Studio, 1BA | $1,900 |
| Rya Suites | 2A | 2BR, 2BA | $1,909 |
Best Value Apartments for Rent in New Castle, CO and Nearby
As of September 22, 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 Appleton neighborhood starting from $2,557. The second greatest value New Castle apartment is the 2A Model at Rya Suites in the Appleton neighborhood starting at $1,909 with a $1.52 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 |
| Rya Suites | 2A | 2BR, 2BA | $1.52 |
| The Slate on 25 | Riverside | 2BR, 2BA | $1.83 |
| The Landing on Horizon | The Riverside | 2BR, 2BA | $1.83 |
| 1074 Cedar Way | 2BR/1.5BA | 2BR, 1.5BA | $1.44 |
| Peppermill Lofts | 2x1 900 SF | 2BR, 1BA | $1.79 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR, 1BA | $1.70 |
| Aster Place | One Bedroom - 40% AMI | 1BR, 1BA | $1.07 |
| Copper Village Apartments | The Bookcliff | 1BR, 1BA | $2.01 |
| Summit View Apartments | 2 Bedroom 1 Bath - 83336 | 2BR, 1BA | $1.80 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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 $1,675.
How much is rent for a Cheap One Bedroom New Castle Apartment?
The lowest price for a Cheap One Bedroom New Castle Apartment is $642 at Aster Place.
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 $770 at Aster Place.
What is the most affordable New Castle Three Bedroom Apartment?
The best deal on a cheap New Castle Three Bedroom Apartment rental is at Aster Place and starts from $890.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.