
Cheap Homes for Rent near New Chicago, IN from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in New Chicago.


905 W 37th Ave

4057 Rhode Island Ct.

2476 Pennsylvania St

3464 Iowa St
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.

1971 Massachusetts St

2315 Industrial Blvd

4520 E 10th Ave

2166 Wisconsin St

5372-5372 Plaza Ave
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.

4409 Virginia St
New Chicago, IN Local Guide

How much does it cost to rent a home in New Chicago?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Chicago 2 Bedroom Homes for Rent | $1,200 | $950 | $1,465 |
| New Chicago 3 Bedroom Homes for Rent | $1,505 | $1,150 | $2,950 |
| New Chicago 4 Bedroom Homes for Rent | $1,930 | $1,930 | $1,930 |
Browse Top Homes for Rent in New Chicago
Explore New Chicago
New Chicago, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gary NSA V | 4 Bedroom | 4BR,1BA | $200 |
| Westbrook Apartments | 1BR - APT | 1BR,1BA | $810 |
| La Vue Lake Apartments | Studio | Studio,1BA | $897 |
| Birchwood Apartments | One Bedroom | 1BR,1BA | $990 |
| Park Shore Commons | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,113 |
Best Value Apartments for Rent in New Chicago, IN and Nearby
As of July 29, 2026 the best value apartment in the New Chicago area is the $1.57 price per square foot DTH1 Model at Brixin at Cressmoor Estates in the in the Liverpool neighborhood starting from $2,515. The second greatest value New Chicago apartment is the B3p - Renovated Model at Hampshire Park starting at $1,670 with a $1.23 price per square foot in the Liverpool neighborhood. Here is today’s list of the best values for New Chicago apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brixin at Cressmoor Estates | DTH1 | 3BR,2.5BA | $1.57 |
| Hampshire Park | B3p - Renovated | 2BR,1BA | $1.23 |
| Lake Pointe Apartment Homes | Two Bedroom 2 Bath | 2BR,2BA | $1.27 |
| Meadow Lane Apartments | 2BR | 2BR,1BA | $1.14 |
| Duneland Village | 2 Bdrm Townhome, 960 SqFt, Market, | 2BR,1BA | $1.42 |
| Tiberon Trails | 2x1E | 2BR,1BA | $1.55 |
| The Ridge | 2 Bed 1.5 Bath 850 Sycamore | 2BR,1.5BA | $1.53 |
| 304 Arthur Ave | 304 Arthur Ave | 2BR,1BA | $1.53 |
| Gary NSA V | 1 Bedroom | 1BR,1BA | $0.29 |
| Birchwood Apartments | One Bedroom | 1BR,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.
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!
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Frequently Asked Questions about New Chicago
What type of rentals are currently available in New Chicago?
There are currently 64 Apartments for Rent in New Chicago, IN with pricing that ranges from $200 to $3,368. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $850 to $2,950.
What is the current price range for Rental Homes in New Chicago?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Chicago ranges from $850 to $2,950 with an average monthly rent of $1,371.
How much are larger Three and Four Bedroom Rentals in New Chicago?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Chicago range from $1,200 to $3,368, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,930 and Four Bedroom Apartments start at $1,580.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.