Cheap Apartments for Rent near New Chicago, IN from $700 (39 Rentals)

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

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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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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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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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304 Arthur Ave
$1,300 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,350
Total Monthly Price
$1,300 - $1,350
2 Bedroom Apartment Available Now

304 Arthur Ave

304 Arthur AveHobart, IN 46342
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Concord Commons
1 to 3 Bedroom Apartments

Concord Commons

2002 Hanley StGary, IN 46406
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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

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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East Apartments
1 to 2 Bedroom Apartments

East Apartments

215 East StHobart, 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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Showing Results 1-39, Page 1 of 1

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. Westbrook Apartments in the Outlying North Lake County IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. 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
Westbrook Apartments1BR - APT1BR,1BA$810
La Vue Lake ApartmentsStudioStudio,1BA$897
Birchwood ApartmentsOne Bedroom1BR,1BA$990
The Ridge ApartmentsRedwood2BR,1BA$1,075
Park West1 Bedroom, 1 Bath NO PATIO OR BALCONY (672 sqft.)1BR,1BA$1,089
Park Shore Commons1 Bedroom 1 Bathroom1BR,1BA$1,113
Crestview Apartments HomesD-1BR1BR,1BA$1,138
Willow Creekdanbury1BR,1BA$1,160
Meadow Lane Apartments2BR2BR,1BA$1,180

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

As of July 08, 2026 the best value apartment in the New Chicago area is the $1.23 price per square foot B3p - Renovated Model at Hampshire Park in the in the Liverpool neighborhood starting from $1,670. 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.
Hampshire ParkB3p - Renovated2BR,1BA$1.23
Cherry Hill Apartment HomesG3BR,1.5BA$1.12
Meadow Lane Apartments2BR2BR,1BA$1.14
Traditions at Burns Harbor Apartment Homes2BR/1.5B2BR,1.5BA$1.45
Haven HobartC1p - Renovated2BR,2BA$1.38
Duneland Village2 Bdrm Townhome, 960 SqFt, Market,2BR,1BA$1.42
Lake Pointe Apartment HomesOne Bedroom1BR,1BA$1.48
The Ridge ApartmentsPoplar2BR,2BA$1.41
Gary NSA V1 Bedroom1BR,1BA$0.29
Birchwood ApartmentsOne Bedroom1BR,1BA$1.52

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

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.

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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.