1500 W 16th St
MuncieIN47302
Cheap Homes for Rent in New Castle, IN from $500 (4 Rentals)
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New Castle, IN Local Guide
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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 | $1,086 | $900 | $1,335 |
| New Castle 3 Bedroom Homes for Rent | $1,123 | $649 | $1,399 |
| New Castle 4 Bedroom Homes for Rent | $1,250 | $1,100 | $1,500 |
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New Castle, IN Local Guide
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Best Value Apartments for Rent in New Castle, IN and Nearby
As of October 31, 2025 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 Northstar Model at Golden Pebble Estates starting at $1,300 with a $1.07 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. |
|---|---|---|---|
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Golden Pebble Estates | Northstar | 3BR,2BA | $1.07 |
| 302 S 12th St, Unit 7 | 302 S 12th St | 2BR,1BA | $1.03 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $0.99 |
| The Latitude Apartments | 2 Bedroom PCR | 2BR,2BA | $1.15 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.66 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $0.54 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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Frequently Asked Questions about New Castle
What type of rentals are currently available in New Castle?
There are currently 73 Apartments for Rent in New Castle, IN with pricing that ranges from $250 to $1,994. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $550 to $1,500.
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 $550 to $1,500 with an average monthly rent of $1,027.
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 $350 to $1,787, while Three Bedroom Homes, Condos, and Townhomes for rent range from $649 to $1,399. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $350.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.