1500 W 16th St
MuncieIN47302
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.
2404 State St
New CastleIN47362
701 S 14th St
New CastleIN47362
1205 S Blaine St
MuncieIN47302
1600 S Batavia Ave
MuncieIN47302
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.
3423 S Dayton Ave
MuncieIN47302
302 W 6th St
MuncieIN47302
1109 E 8th St
MuncieIN47302
1818 W 7th St
MuncieIN47302
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
1128 Lincoln Ave
New CastleIN47362
1823 Grand Ave
New CastleIN47362
1404 E 24th St
MuncieIN47302
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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 | $979 | $775 | $1,250 |
| New Castle 3 Bedroom Homes for Rent | $1,356 | $949 | $2,500 |
| New Castle 4 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
Browse Top Homes for Rent in New Castle
Explore New Castle
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. Grand Avenue Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $376. 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 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $376 |
| The Haven | 4x4 | 4BR,4BA | $510 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
| The Crossings | Studio | Studio,1BA | $575 |
Best Value Apartments for Rent in New Castle, IN and Nearby
As of May 28, 2025 the best value apartment in the New Castle area is the $1.06 price per square foot 2x2 60% Model at Hoosier Woods Apartments in the starting from $994. The second greatest value New Castle apartment is the 2 Bed 2 Bath Apartment Model at The Latitude starting at $925 with a $1.01 price per square foot in the School 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. |
|---|---|---|---|
| Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $1.06 |
| The Latitude | 2 Bed 2 Bath Apartment | 2BR,2BA | $1.01 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
| 2324 State St, Unit 3 | 2324 State St | 2BR,2BA | $1.00 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $1.00 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $0.54 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Fox Brook Apartments | 1x1 | 1BR,1BA | $1.29 |
| Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
Quick Rent Budget Calculator
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Frequently Asked Questions about New Castle
What type of rentals are currently available in New Castle?
There are currently 62 Apartments for Rent in New Castle, IN with pricing that ranges from $250 to $1,800. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $550 to $2,500.
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 $2,500 with an average monthly rent of $1,084.
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 $539 to $1,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $949 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,250 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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.