Cheap Apartments for Rent in New Castle, IN from $300 (57 Rentals)

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

property at 940 S 15th St

$695 - $1,075

1 To 2 Bedroom Rentals

Available Now

940 S 15th St

New CastleIN47362
property at 1128 Lincoln Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1128 Lincoln Ave

New CastleIN47362
property at 1205 N County Road 525 W

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1205 N County Road 525 W

New CastleIN47362

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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Autumn Oaks
1 to 3 Bedroom Apartments

Autumn Oaks

100 Autumn Oaks BlvdNew Castle, IN 47362
Corporate Housing

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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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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The Crossings
Studio to 2 Bedroom Apartments

The Crossings

3600 Western AveConnersville, IN 47331
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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303

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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Labor Center Lofts
1 Bedroom Apartments

Labor Center Lofts

1125 S Walnut StMuncie, IN 47302
Corporate Housing
  • Utilities Included
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Hoosier Woods
1 to 4 Bedroom Apartments

Hoosier Woods

3833 Hoosier Woods CtAnderson, IN 46013

The Art of the Rental Viewing: What to look for during a property tour

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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Showing Results 1-50, Page 1 of 2

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 priced from $250. University Village in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $514. 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
University Village4BD/2BA Furnished Premium4BR,2BA$514
The Haven4x44BR,4BA$565
The CrossingsStudioStudio,1BA$610
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Beckford PlaceOne Bed One Bath1BR,1BA$825
Jamestown VillageA2 Thomas Jefferson1BR,1BA$829
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850

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

As of June 09, 2026 the best value apartment in the New Castle area is the $0.89 price per square foot Prime FHB Model at Golden Pebble Estates in the starting from $1,399. The second greatest value New Castle apartment is the 4BD/2BA Furnished Premium Model at University Village starting at $514 with a $0.39 price per square foot in the Westacres 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.
Golden Pebble EstatesPrime FHB3BR,2BA$0.89
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Walnut Manor ApartmentsWM 3x2 R3BR,2BA$1.20
1127 S 18th St, Unit 1127 S 18th Street1127 S 18th St3BR,1.5BA$1.00
Hoosier Woods2X2 60%2BR,2BA$1.13
The Latitude Apartments2x2 Classic2BR,2BA$1.09
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.70
424 Lofts1 bedroom1BR,1BA$1.09
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04
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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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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Quick 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.

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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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See the most popular apartments and homes in New Castle, IN

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Frequently Asked Questions about Cheap New Castle Apartments

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 The Haven and starts from $575.

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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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.