Cheap Apartments for Rent in New Castle, KY from $600 (18 Rentals)

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

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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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

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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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 $621. Graham Village Apartments in the Outer East End neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here is today’s list of the most affordable New Castle apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudioStudio,1BA$621
Graham Village Apartments2 Bed 1 Bath Apt2BR,1BA$800
Bishop Place Apartments1 Bed, 1 bath1BR,1BA$1,050
Moesser House 55 & Up1 bedroom1BR,1BA$1,053
Sova1 Bedroom1BR,1BA$1,099

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

As of July 29, 2025 the best value apartment in the New Castle area is the $1.11 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,505. The second greatest value New Castle apartment is the Thoroughbred Model at Crestwood Commons starting at $1,525 with a $1.26 price per square foot in the East End 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.
Oldham Oaks3 Bedroom3BR,2BA$1.11
Crestwood CommonsThoroughbred2BR,2BA$1.26
Brook Haven Townhomes2 Beds, 1.5 baths2BR,1.5BA$0.92
Cardinal Ridge Apartments2x22BR,2BA$1.12
Shelby Oaks ApartmentsTwo Bedroom2BR,2BA$1.05
Westport Woods2 bed 2 bath2BR,2BA$1.24
Green Valley ApartmentsThe Scenic parking lot facing2BR,2BA$1.28
Stonewater ApartmentsB12BR,1BA$1.22
Shelbyville PlaceStandard2BR,2BA$1.14
Bishop Place Apartments1 Bed, 1 bath1BR,1BA$1.24

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New Castle, KY

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Getting Around New Castle, KY

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $621.

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

The lowest price for a Cheap One Bedroom New Castle Apartment is $685 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 $800 at Graham Village Apartments.

What is the most affordable New Castle Three Bedroom Apartment?

The best deal on a cheap New Castle Three Bedroom Apartment rental is at Shelby Oaks Apartments and starts from $1,375.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.