
Cheap Homes for Rent in New Castle, KY from $900 (9 Rentals)
Search the lowest-cost Homes available for rent right now in New Castle.


325 Webbmont Cir

103 Martin Luther King Jr St

531 Eddie Ln
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.

8801 W State Hwy 22

829 Garden Pointe Dr

2274 Hempridge Rd

4429 Baygarden Ct
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.

4957 Winding Spring Cir
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 | $1,573 | $900 | $2,300 |
| New Castle 3 Bedroom Homes for Rent | $2,222 | $1,395 | $4,500 |
| New Castle 4 Bedroom Homes for Rent | $3,203 | $2,550 | $5,800 |
| New Castle 5 Bedroom Homes for Rent | $3,300 | $3,200 | $3,400 |
Browse Top Homes for Rent in New Castle
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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 $648. Cedar Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. 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 | $648 |
| Cedar Springs | Open Floor Plan 1 Bedroom | 1BR,1BA | $895 |
| Oldham Oaks | 2 Bedroom | 2BR,2BA | $905 |
Best Value Apartments for Rent in New Castle, KY and Nearby
As of June 22, 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 Wisteria Model at Terraces at Forest Springs starting at $1,749 with a $1.22 price per square foot in the Outer East End 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. |
|---|---|---|---|
| Crestwood Commons | Stallion | 3BR,2BA | $1.22 |
| Terraces at Forest Springs | Wisteria | 3BR,2BA | $1.22 |
| Oldham Oaks | 3 Bedroom | 3BR,2BA | $0.91 |
| Brook Haven Townhomes | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.92 |
| Villas Of Forest Springs | Tuscany | 2BR,2BA | $1.26 |
| Shelby Oaks Apartments | Two Bedroom | 2BR,2BA | $1.10 |
| Westport Woods | 2 bed 2 Bath | 2BR,2BA | $1.24 |
| 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 | $1.09 |
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 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
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.
Pet Friendly Lifestyle
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Best Local Schools in New Castle, KY
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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 $648 to $3,284. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Castle ranging from $900 to $5,800.
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 $900 to $5,800 with an average monthly rent of $2,574.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.