Cheap Apartments for Rent in New Castle, KY from $500 (49 Rentals)

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

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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Middletown Landing
$1,122 - $1,848
Total Monthly Price

Total Monthly Price

Base Rent
$1,122 - $1,848
Total Monthly Price
$1,122 - $1,848
1 to 2 Bedroom Apartments Available Now

Middletown Landing

700 Landis Ridge DrLouisville, KY 40245
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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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Avoca II
$1,332 - $1,959
Total Monthly Price

Total Monthly Price

Base Rent
$1,332 - $1,959
Total Monthly Price
$1,332 - $1,959
1 to 3 Bedroom Apartments Available Now

Avoca II

1453 Avoca Ridge DrLouisville, KY 40223
Family Friendly
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  • Customer Reviewed
  • 3D Tour
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Avoca
$1,532 - $1,742
Total Monthly Price

Total Monthly Price

Base Rent
$1,532 - $1,742
Total Monthly Price
$1,532 - $1,742
1 to 3 Bedroom Apartments Available Now

Avoca

1405 Avoca Ridge DrLouisville, KY 40223
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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ColaCommons
2 to 3 Bedroom Apartments

ColaCommons

80 Frankfort RdShelbyville, KY 40065
  • Utilities Included
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Cardinal Ridge Apartments
1 to 2 Bedroom Apartments

Cardinal Ridge Apartments

1350 Evergreen WaySimpsonville, KY 40067
Corporate Housing
  • Utilities Included

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.

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Showing Results 1-49, Page 1 of 1

New Castle, KY Local Guide

Cheapest Available New Castle Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Castle, KY is a Studio unit found at Riverview Apartments priced from $592. Rosewood in the Eastwood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $816. Here is today’s list of the most affordable New Castle apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudioStudio,1BA$592
RosewoodStudio One Bath OpenStudio,1BA$816
Oldham Oaks2 Bedroom2BR,2BA$905
Windhurst Park ApartmentsOne Bedroom Deluxe1BR,1BA$910
HeathmooreOne Bed One Bath Standard1BR,1BA$1,015
Stonewater ApartmentsA1BR,1BA$1,050
Moesser House 55 & Up1 bedroom1BR,1BA$1,053
Marian Village Apartments2/1.5 Townhome Center2BR,1BA$1,095
Sova2 Bedroom2BR,1BA$1,099
Brook Haven Townhomes2 Beds, 1.5 baths2BR,1BA$1,100

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

As of May 02, 2026 the best value apartment in the New Castle area is the $1.22 price per square foot Stallion Model at Crestwood Commons in the in the East End neighborhood starting from $1,795. The second greatest value New Castle apartment is the 2 BR 1.5 Bath with Basement Model at Ravenwood Glen starting at $1,650 with a $1.15 price per square foot . 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.
Crestwood CommonsStallion3BR,2BA$1.22
Ravenwood Glen2 BR 1.5 Bath with Basement2BR,1.5BA$1.15
Oldham Oaks3 Bedroom3BR,2BA$0.91
Brook Haven Townhomes2 Beds, 1.5 baths2BR,1.5BA$0.92
Villas Of Forest SpringsTuscany2BR,2BA$1.26
Shelby Oaks ApartmentsTwo Bedroom2BR,2BA$1.10
Westport Woods2 bed 2 Bath2BR,2BA$1.24
Woodfield Apartment Homes2 bed 2 bath2BR,2BA$1.28
Deer Park2 Bedroom 2 Bathroom2BR,2BA$1.28
Windhurst Park ApartmentsOne Bedroom Deluxe1BR,1BA$1.09

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

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Pet Friendly Lifestyle

Ranked #

Among cities in Kentucky for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

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New Castle, KY

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore New Castle, KY 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 Riverview Apartments listed at $592.

How much is rent for a Cheap One Bedroom New Castle Apartment?

The lowest price for a Cheap One Bedroom New Castle Apartment is $674 at Riverview Apartments.

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 $905 at Oldham Oaks.

What is the most affordable New Castle Three Bedroom Apartment?

The best deal on a cheap New Castle Three Bedroom Apartment rental is at Oldham Oaks and starts from $1,230.

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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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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.