
Cheap Apartments for Rent in New Castle, VA from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in New Castle.


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Ridgeview Apartments

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Frontier Apartments

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Peters Creek Apartments - Tax Credit

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The Cove Apartments

The Historic Blair Apartments

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Blue Ridge Village Apartments

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West Creek Manor

North View Apartments
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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Bent Creek Apartments and Townhomes

Gardens At Grandin - II

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Sterlingwood Apartments

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Brandon Point Apartments

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The Heights at Gateway Park

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Countryside Estates

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The Crest Apartments

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The Riverwalk at Salem

Northridge Village
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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The View at 777

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Salem Wood Apartments

WESTWIND APARTMENT HOMES

The Vista at Orchards

North Point

8188 Lee Hwy

4306 Williamson Rd NW

717 Orange Ave NW

2516 Oakland Blvd NW
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.

4419-4425 Lela Ave NE

1415 15th St NE

The Flats at Rutgers

814 Tennessee St

10-12 1/2 12 1/2 St

1516 King St

416 Hanover Ave NW

1423 Burrell St NW

3816 Dakota Ave NW
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.

745 Queen Ave NW
New Castle, VA Local Guide

How much does it cost to rent an apartment in New Castle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Castle Studio Apartments | $856 | $670 | $1,374 |
| New Castle 1 Bedroom Apartments | $1,392 | $760 | $2,240 |
| New Castle 2 Bedroom Apartments | $1,554 | $899 | $2,925 |
| New Castle 3 Bedroom Apartments | $1,816 | $1,047 | $3,520 |
| New Castle 4 Bedroom Apartments | $1,890 | $1,790 | $1,940 |
Browse Top Apartments in New Castle
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New Castle, VA Local Guide
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Cheapest Available New Castle Apartments for Rent and Nearby
 The cheapest available apartment rental in New Castle, VA is a Studio unit found at Ridgeview Apartments in the Monterey neighborhood priced from $670. Peters Creek Apartments - Tax Credit in the Monterey neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $926. Here is today’s list of the most affordable New Castle apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $670 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $995 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $999 |
| Bent Creek Apartments and Townhomes | 2b 1.5b 1000sq | 2BR,1BA | $1,070 |
| Sterlingwood Apartments | 1 Bedroom/1 Bathroom Classic Floor Plan | 1BR,1BA | $1,114 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1,125 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1,169 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $1,199 |
| North View Apartments | Classic Plus | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in New Castle, VA and Nearby
As of June 06, 2026 the best value apartment in the New Castle area is the $1.42 price per square foot 3 BR Type 1 Model at The Overlook at Daleville in the in the Cloverdale neighborhood starting from $2,075. The second greatest value New Castle apartment is the 3 Bedroom x 1.5 Bathroom Classic Floor Plan Model at Countryside Estates starting at $1,430 with a $1.04 price per square foot in the Peachtree Norwood 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. |
|---|---|---|---|
| The Overlook at Daleville | 3 BR Type 1 | 3BR,2BA | $1.42 |
| Countryside Estates | 3 Bedroom x 1.5 Bathroom Classic Floor Plan | 3BR,1.5BA | $1.04 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $1.11 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.93 |
| 733 West | 2 Bedroom Reno | 2BR,2BA | $1.53 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| WESTWIND APARTMENT HOMES | 2 Bedroom Gold without washer dryer hook ups | 2BR,1.5BA | $1.51 |
| West Creek Manor | 3 Bedroom | 3BR,1BA | $1.38 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $1.54 |
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.
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Castle, VA Rentals by Map
See the most popular apartments and homes in New Castle, VA
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 Ridgeview Apartments listed at $670.
How much is rent for a Cheap One Bedroom New Castle Apartment?
The lowest price for a Cheap One Bedroom New Castle Apartment is $760 at Ridgeview 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 $926 at Peters Creek Apartments - Tax Credit.
What is the most affordable New Castle Three Bedroom Apartment?
The best deal on a cheap New Castle Three Bedroom Apartment rental is at Peters Creek Apartments - Tax Credit and starts from $1,047.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.