
Cheap Homes for Rent in New Chicago, IN from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in New Chicago.


660 N Hobart Rd

2315 Industrial Blvd

2476 Pennsylvania St

2668 Connecticut 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.

2022 Massachusetts St

2572-76 Van Buren Pl

816 E 35th Ct

2453 Prospect St

2336 Delaware St
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.

283 N Hamilton St

4449 Vermont Ct

669 Lake St

4408 E 7th Ave

4024 Tyler St
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.
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 | $1,114 | $950 | $1,331 |
| New Chicago 3 Bedroom Homes for Rent | $1,466 | $999 | $2,200 |
| New Chicago 4 Bedroom Homes for Rent | $1,908 | $1,795 | $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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gary NSA V | 4 Bedroom | 4BR,1BA | $200 |
| Al Thomas Senior High Rise | Two Bedroom | 2BR,1BA | $200 |
| Westbrook Apartments | 1BR - APT | 1BR,1BA | $810 |
| La Vue Lake Apartments | Studio | Studio,1BA | $897 |
| Birchwood Apartments | One Bedroom | 1BR,1BA | $990 |
Best Value Apartments for Rent in New Chicago, IN and Nearby
As of June 14, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brixin at Cressmoor Estates | DTH1 | 3BR,2.5BA | $1.31 |
| Cherry Hill Apartment Homes | G | 3BR,1.5BA | $1.12 |
| Evergreen | B1 | 2BR,1BA | $1.44 |
| Tiberon Trails | 2x1K | 2BR,2BA | $1.31 |
| Maple Leaf Apartments | 2.2A | 2BR,2BA | $1.31 |
| Duneland Village | 2 Bdrm Townhome, 960 SqFt, Tax Credit, 60% AMI | 2BR,1BA | $1.13 |
| The Ridge Apartments | Poplar | 2BR,2BA | $1.41 |
| Haven Hobart | A1p - Renovated | 1BR,1BA | $1.50 |
| Gary NSA V | 1 Bedroom | 1BR,1BA | $0.29 |
| Al Thomas Senior High Rise | Studio | Studio ,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.
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!
Explore New Chicago, IN Rentals by Map
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 62 Apartments for Rent in New Chicago, IN with pricing that ranges from $200 to $3,256. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Chicago ranging from $795 to $2,200.
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 $795 to $2,200 with an average monthly rent of $1,226.
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 $3,256, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,795 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

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.