
Cheap Homes for Rent near New Chicago, IN from $950 (13 Rentals)
Search the lowest-cost Homes available for rent right now in New Chicago.


3464 Iowa St

4064 Washington St

2435 Diamond St

4200 Van Buren St

2315 Industrial Blvd
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.

2459 Jefferson St

840 W 19th Ave

5060 Georgia St

825 Delaware St

4201 Georgia St

333 W 3rd St
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.

5012 Jefferson 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 | $1,241 | $950 | $1,500 |
| New Chicago 3 Bedroom Homes for Rent | $1,515 | $1,100 | $2,950 |
| New Chicago 4 Bedroom Homes for Rent | $1,900 | $1,800 | $2,000 |
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 |
| The Ridge | 1Bed 1 Bath 650 - Fir | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in New Chicago, IN and Nearby
As of September 13, 2026 the best value apartment in the New Chicago area is the $1.30 price per square foot C1p - Renovated Model at Hampshire Park in the in the Liverpool neighborhood starting from $1,820. The second greatest value New Chicago apartment is the Three Bedroom 2 Bath - 1,252 sqft Model at Lake Pointe Apartment Homes starting at $2,130 with a $1.70 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hampshire Park | C1p - Renovated | 2BR,2BA | $1.30 |
| Lake Pointe Apartment Homes | Three Bedroom 2 Bath - 1,252 sqft | 3BR,2.5BA | $1.70 |
| Meadow Lane Apartments | 2BR | 2BR,1BA | $1.14 |
| Willow Creek | notting | 2BR,1.5BA | $1.63 |
| Maple Leaf Apartments | 2.2C | 2BR,2BA | $1.33 |
| Whitcomb Terrace Apartments | Colonial Invitational | 2BR,1BA | $1.47 |
| The Ridge | 2 Bed 1 Bath 800 - Chestnut | 2BR,1BA | $1.64 |
| Haven Hobart | A1p - Renovated | 1BR,1BA | $1.50 |
| 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Read ArticleQuick Rent Budget Calculator
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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See the most popular apartments and homes in New Chicago, IN
Frequently Asked Questions about New Chicago
What type of rentals are currently available in New Chicago?
There are currently 66 Apartments for Rent in New Chicago, IN with pricing that ranges from $200 to $3,368. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $950 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 $950 to $2,950 with an average monthly rent of $1,439.
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 $1,100 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,800 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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.