
Cheap Apartments for Rent in New Castle, VA from $500 (28 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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The Cove Apartments

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Peters Creek Apartments - Tax Credit

Gardens At Grandin - II

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Blue Ridge Village Apartments
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.

North View Apartments

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West Creek Manor

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The Heights at Gateway Park

The Historic Blair Apartments

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Brandon Point Apartments

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CAMELOT VILLAGE

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Sterlingwood Apartments
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.

1624 Chapman Ave SW

4306 Williamson Rd NW

2516 Oakland Blvd NW

4419-4425 Lela Ave NE

The Flats at Rutgers

416 Hanover Ave NW

4111 Maine Ave NW
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

123 Main St SW

1516 King St

2803 Burton Ave NW

3821 Vermont Ave NW

1423 Burrell St NW

603 Strand Rd NE

710 Boon St
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.
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 | $861 | $690 | $1,374 |
| New Castle 1 Bedroom Apartments | $1,391 | $799 | $2,424 |
| New Castle 2 Bedroom Apartments | $1,582 | $899 | $3,365 |
| New Castle 3 Bedroom Apartments | $1,834 | $1,125 | $3,270 |
| New Castle 4 Bedroom Apartments | $1,887 | $1,805 | $1,929 |
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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 $690. The Cove Apartments in the Peachtree Norwood neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $916. 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 | $690 |
| The Cove Apartments | 2x1 | 2BR,1BA | $916 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $990 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $995 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $1,014 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1BA | $1,015 |
| North View Apartments | Classic plus | 1BR,1BA | $1,049 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $1,099 |
| The Historic Blair Apartments | 2BR/1.0BA | 2BR,1BA | $1,100 |
| CAMELOT VILLAGE | 2 Bedroom | 2BR,1BA | $1,185 |
Best Value Apartments for Rent in New Castle, VA and Nearby
As of July 21, 2026 the best value apartment in the New Castle area is the $1.06 price per square foot 3 Bedroom x 1.5 Bathroom Classic Floor Plan Model at Countryside Estates in the in the Peachtree Norwood neighborhood starting from $1,457. The second greatest value New Castle apartment is the 3b 1b 1343sq Model at Bent Creek Apartments and Townhomes starting at $1,520 with a $1.13 price per square foot in the Monterey 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. |
|---|---|---|---|
| Countryside Estates | 3 Bedroom x 1.5 Bathroom Classic Floor Plan | 3BR,1.5BA | $1.06 |
| Bent Creek Apartments and Townhomes | 3b 1b 1343sq | 3BR,1BA | $1.13 |
| Brandon Point Apartments | 3BR/2BA Upgraded | 3BR,2BA | $1.38 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1.5BA | $0.91 |
| The Crest Apartments | Three Bedroom Two Bathroom | 3BR,2BA | $1.46 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.99 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.36 |
| The Cove Apartments | 2x1 | 2BR,1BA | $1.15 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.24 |
| North View Apartments | Classic plus | 1BR,1BA | $1.40 |
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
How much is rent for a Cheap One Bedroom New Castle Apartment?
The lowest price for a Cheap One Bedroom New Castle Apartment is $995 at Gardens At Grandin - II.
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 $916 at The Cove 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 Peters Creek Apartments - Tax Credit and starts from $1,125.
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.

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.

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.