Cheap Homes for Rent in New Castle, KY from $1,300 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

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.

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 $584. Oldham Oaks has the second lowest priced unit, which is a 2 Beds apartment currently listed from $905. Here is today’s list of the most affordable New Castle apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview ApartmentsStudioStudio,1BA$584
Oldham Oaks2 Bedroom2BR,2BA$905
Windhurst Park ApartmentsOne Bedroom Deluxe1BR,1BA$910

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

As of May 07, 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
Springhurst East Apartments2 Bedroom 1 Bathroom Large2BR,1BA$1.26
Deer Park2 Bedroom 2 Bathroom2BR,2BA$1.27
Windhurst Park ApartmentsOne Bedroom Deluxe1BR,1BA$1.09

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
Decorative image

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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

decorative image of woman handing cat to small boy

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

Explore New Castle, KY Rentals by Map

View Map
New Castle, KY Apartments Map
View Map
New Castle, KY Rental Homes Map

Frequently Asked Questions about New Castle

What type of rentals are currently available in New Castle?

There are currently 47 Apartments for Rent in New Castle, KY with pricing that ranges from $584 to $3,143. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $1,325 to $4,000.

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 $1,325 to $4,000 with an average monthly rent of $2,483.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.