Cheap Apartments for Rent in New Chicago, IN from $700 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Chicago.

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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Birchwood Apartments
$990 - $1,120
Total Monthly Price

Total Monthly Price

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$990 - $1,120
Total Monthly Price
$990 - $1,120
1 to 2 Bedroom Apartments Available Now

Birchwood Apartments

5790 Grant StMerrillville, IN 46410
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  • Utilities Included

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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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.

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Concord Commons
1 to 3 Bedroom Apartments

Concord Commons

2002 Hanley StGary, IN 46406
  • Utilities Included
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Swanson Court Apartments
Studio to 2 Bedroom Apartments

Swanson Court Apartments

5656 Willowdale LnPortage, IN 46368
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Element Hobart
1 to 2 Bedroom Apartments

Element Hobart

621 W 39th PlHobart, IN 46342

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.

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East Apartments
1 to 2 Bedroom Apartments

East Apartments

215 East StHobart, IN 46342

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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New Chicago, IN Local Guide

Cheapest Available New Chicago Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Chicago, IN is a 4 Beds unit found at Gary NSA V in the Outlying North Lake County IN neighborhood priced from $200. Al Thomas Senior High Rise in the Liverpool neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $200. Here is today’s list of the most affordable New Chicago apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gary NSA V4 Bedroom4BR,1BA$200
Al Thomas Senior High RiseTwo Bedroom2BR,1BA$200
Westbrook Apartments1BR - APT1BR,1BA$810
La Vue Lake ApartmentsStudioStudio,1BA$897
Tiberon TrailsStudio CStudio,1BA$989
Birchwood ApartmentsOne Bedroom1BR,1BA$990
The Ridge ApartmentsRedwood2BR,1BA$1,075
Willow Creekdanbury1BR,1BA$1,110
Park Shore Commons1 Bedroom 1 Bathroom1BR,1BA$1,113
Park West1 Bedroom, 1 Bath NO PATIO OR BALCONY (672 sqft.)1BR,1BA$1,124

Best Value Apartments for Rent in New Chicago, IN and Nearby

As of May 24, 2026 the best value apartment in the New Chicago area is the $1.31 price per square foot DTH1 Model at Brixin at Cressmoor Estates in the in the Liverpool neighborhood starting from $2,096. The second greatest value New Chicago apartment is the G Model at Cherry Hill Apartment Homes starting at $1,475 with a $1.12 price per square foot in the Garyton neighborhood. Here is today’s list of the best values for New Chicago apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brixin at Cressmoor EstatesDTH13BR,2.5BA$1.31
Cherry Hill Apartment HomesG3BR,1.5BA$1.12
Hampshire ParkA11BR,1BA$1.27
Whitcomb Terrace ApartmentsHartford Open2BR,1BA$1.47
The Ridge ApartmentsPoplar2BR,2BA$1.41
Haven HobartA1p - Renovated1BR,1BA$1.50
Willow Creekdanbury1BR,1BA$1.54
Gary NSA V1 Bedroom1BR,1BA$0.29
Birchwood ApartmentsOne Bedroom1BR,1BA$1.52
Al Thomas Senior High RiseStudioStudio ,1BA$0.38

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.

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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.

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

Explore New Chicago, IN Rentals by Map

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Frequently Asked Questions about Cheap New Chicago Apartments

What is the Cheapest Studio apartment in New Chicago?

Currently the most affordable Cheap Studio Apartment in New Chicago is at Al Thomas Senior High Rise listed at $200.

How much is rent for a Cheap One Bedroom New Chicago Apartment?

The lowest price for a Cheap One Bedroom New Chicago Apartment is $200 at Gary NSA V.

What is the lowest price for a Cheap Two Bedroom New Chicago Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Chicago is starting from $200 at Gary NSA V.

What is the most affordable New Chicago Three Bedroom Apartment?

The best deal on a cheap New Chicago Three Bedroom Apartment rental is at Gary NSA V and starts from $200.

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.

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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.

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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.

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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.