Cheap Apartments for Rent in New Castle, IN from $340 (39 Rentals)

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

property at 2404 State St
$625
Studio To 1 Bedroom Rentals
Available Now

2404 State St

New CastleIN47362
property at 1410 S 19th St
$950

Total Monthly Price

Base Rent$950
Total Monthly Price$950
2 Bedroom, 1 Bath Townhome for Rent
Available Now

1410 S 19th St

New CastleIN47362
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property at 716 S 14th St
$975

Total Monthly Price

Base Rent$975
Total Monthly Price$975
3 Bedroom, 1 Bath Townhome for Rent
Available Now

716 S 14th St

New CastleIN47362
  • Smoke Free

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.

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Autumn Oaks
1 to 3 Bedroom Apartments

Autumn Oaks

100 Autumn Oaks BlvdNew Castle, IN 47362
Corporate Housing

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Labor Center Lofts
$880 - $1,190

Total Monthly Price

Base Rent$880 - $1,190
Total Monthly Price$880 - $1,190
1 to 2 Bedroom Apartments Available Now

Labor Center Lofts

1125 S Walnut StMuncie, IN 47302
Eco-Friendly
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  • Utilities Included
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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.

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The Crossings
Studio to 2 Bedroom Apartments

The Crossings

3600 Western AveConnersville, IN 47331
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Harter House
Studio to 1 Bedroom Apartments

Harter House

600 Main StAnderson, IN 46016
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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
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424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • Utilities Included

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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Showing Results 1-39, Page 1 of 1

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 in the Anderson neighborhood priced from $250. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. 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$565
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
The CrossingsStudioStudio,1BA$610
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Arrasmith ApartmentsArrasmith, in Downtown Muncie Live a Little More!1BR,1BA$810
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850
Cedar Ridge TownhomesThe Birch1BR,1BA$859

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

As of September 08, 2026 the best value apartment in the New Castle area is the $0.60 price per square foot 2BD + Den/2BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $779. The second greatest value New Castle apartment is the 3X2 60% Model at Hoosier Woods starting at $1,109 with a $0.94 price per square foot in the Anderson 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.
University Village2BD + Den/2BA Unfurnished Premium2BR,2BA$0.60
Hoosier Woods3X2 60%3BR,2BA$0.94
SPICELAND VILLAS2 BED 2 BATH2BR,2BA$1.01
Silvertree CommunitiesLinden Place3BR,2BA$0.41
Applecreek (534)The Jonathan2BR,2BA$1.13
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Labor Center Lofts1BR/1.0BA1BR,1BA$1.13
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04
1218 S 18th St, Unit 41218 S 18th St1BR,1BA$1.00
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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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!

Explore New Castle, IN Rentals by Map

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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 $610.

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 $569 at Muncie Varsity House.

What is the most affordable New Castle Three Bedroom Apartment?

The best deal on a cheap New Castle Three Bedroom Apartment rental is at 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.