
Cheap Homes for Rent near New Castle, KY from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in New Castle.


4710 Jackson Rd

140 Hazel Lawn Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

11917 Tazwell Dr

11408 Center Hill Ct

8801 W State Hwy 22
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
New Castle, KY Local Guide

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 | $1,462 | $950 | $1,850 |
| New Castle 3 Bedroom Homes for Rent | $1,922 | $1,150 | $2,980 |
| New Castle 4 Bedroom Homes for Rent | $2,781 | $2,400 | $3,200 |
| New Castle 5 Bedroom Homes for Rent | $3,466 | $3,000 | $4,000 |
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New Castle, KY Local Guide
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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 $656. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Apartments | Studio | Studio,1BA | $656 |
| Oldham Oaks | 2 Bedroom | 2BR,2BA | $905 |
| Windhurst Park Apartments | One Bedroom Deluxe | 1BR,1BA | $940 |
Best Value Apartments for Rent in New Castle, KY and Nearby
As of August 07, 2026 the best value apartment in the New Castle area is the $1.22 price per square foot Wisteria Model at Terraces at Forest Springs in the in the Outer East End neighborhood starting from $1,749. The second greatest value New Castle apartment is the 3 Bedroom Model at Oldham Oaks starting at $1,230 with a $0.91 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. |
|---|---|---|---|
| Terraces at Forest Springs | Wisteria | 3BR,2BA | $1.22 |
| Oldham Oaks | 3 Bedroom | 3BR,2BA | $0.91 |
| Crestwood Commons | Thoroughbred | 2BR,2BA | $1.11 |
| Brook Haven Townhomes | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.92 |
| Marian Village Apartments | 3/2 Upstairs | 3BR,2BA | $1.13 |
| Shelbyville Place | Deluxe | 2BR,2BA | $1.10 |
| Shelby Oaks Apartments | Two Bedroom | 2BR,2BA | $1.10 |
| Green Valley Apartments | The Sunrise | 2BR,1BA | $1.00 |
| Springhurst East Apartments | 2 Bedroom 1 Bathroom Large | 2BR,1BA | $1.09 |
| Windhurst Park Apartments | One Bedroom Deluxe | 1BR,1BA | $1.12 |
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 ArticleReal 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 ArticleQuick Rent Budget Calculator
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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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Best Local Schools in New Castle, KY
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in New Castle, KY
Frequently Asked Questions about New Castle
What type of rentals are currently available in New Castle?
There are currently 48 Apartments for Rent in New Castle, KY with pricing that ranges from $656 to $3,491. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $950 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 $950 to $4,000 with an average monthly rent of $2,289.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.