Cheap Apartments for Rent in New Castle, IN from $300 (16 Rentals)

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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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Autumn Oaks
1 to 3 Bedroom Apartments

Autumn Oaks

100 Autumn Oaks BlvdNew Castle, IN 47362
Corporate Housing

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.

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Cedars
1 Bedroom Apartments

The Cedars

1010 W Bethel RdMuncie, IN 47303
Student Housing

New Castle, IN Local Guide

Cheapest Available New Castle Apartments for Rent

 

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. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $540. 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
The Haven4x44BR,4BA$540
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$569
The CrossingsStudioStudio,1BA$595
Beckford PlaceStudioStudio,1BA$699

Best Value Apartments for Rent in New Castle, IN

As of January 22, 2026 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 Maynardville Classic 76 Model at Golden Pebble Estates starting at $1,214 with a $1.00 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
Golden Pebble EstatesMaynardville Classic 763BR,2BA$1.00
Hoosier Woods3X2 60%3BR,2BA$0.85
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
300 S 12th St, Unit 2300 S 12th St2BR,1BA$0.96
302 S 12th St, Unit 6302 S 12th St2BR,1BA$0.96
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.01
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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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 The Crossings listed at $595.

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

The lowest price for a Cheap One Bedroom New Castle Apartment is $250 at The Towers at Southdale Affordable Senior.

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 $720 at The Haven.

What is the most affordable New Castle Three Bedroom Apartment?

The best deal on a cheap New Castle Three Bedroom Apartment rental is at Yugo Muncie Varsity House and starts from $569.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.