300 Glenwood Dr
New CastleIN47362
Cheap Homes for Rent in New Castle, IN from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in New Castle.
810 W 1st St
MuncieIN47305
1402 Alabama St
New CastleIN47362
1708 W 11th St
MuncieIN47302
2815 S Elm St
MuncieIN47302
415 W 9th St
MuncieIN47302
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.
1404 E 24th St
MuncieIN47302
101-103 N Redwood Ln
MuncieIN47304
1623 E 20th St
MuncieIN47302
1620 1/2 P Ave
New CastleIN47362
114 E 9th St
MuncieIN47302
2112 W 11th St
MuncieIN47302
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.
Showing Results 1-12, Page 1 of 1
New Castle, IN Local Guide
Wind Water Pump and tree by AbbyD11 is licensed under CC BY 2.0
How much does it cost to rent a home in New Castle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Castle 2 Bedroom Homes for Rent | $1,050 | $795 | $1,295 |
| New Castle 3 Bedroom Homes for Rent | $1,247 | $545 | $1,624 |
| New Castle 4 Bedroom Homes for Rent | $1,781 | $1,566 | $2,000 |
| New Castle 6 Bedroom Homes for Rent | $2,125 | $2,125 | $2,125 |
Browse Top Homes for Rent in New Castle
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New Castle, IN Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $599 |
| The Crossings | Studio | Studio,1BA | $610 |
Best Value Apartments for Rent in New Castle, IN and Nearby
As of May 31, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Golden Pebble Estates | Prime FHB | 3BR,2BA | $0.89 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| 1127 S 18th St, Unit 1127 S 18th Street | 1127 S 18th St | 3BR,1.5BA | $1.00 |
| Silvertree Communities | Silvertree 3bd | 3BR,2BA | $0.39 |
| Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Hoosier Woods | 1X1 60% | 1BR,1BA | $1.20 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
| Cedar Ridge Townhomes | The Pine | 1BR,1BA | $1.29 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.26 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,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.
Read Article
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.
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.
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Explore New Castle, IN Rentals by Map
See the most popular apartments and homes in New Castle, IN
Frequently Asked Questions about New Castle
What type of rentals are currently available in New Castle?
There are currently 71 Apartments for Rent in New Castle, IN with pricing that ranges from $250 to $1,994. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $545 to $2,125.
What is the current price range for Rental Homes in New Castle?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Castle ranges from $545 to $2,125 with an average monthly rent of $1,396.
How much are larger Three and Four Bedroom Rentals in New Castle?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Castle range from $305 to $1,482, while Three Bedroom Homes, Condos, and Townhomes for rent range from $545 to $1,624. Four Bedroom Single-Family rentals are also available starting from $1,566 and Four Bedroom Apartments start at $449.
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
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.
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.