Cheap Homes for Rent near New Chicago, IN from $800 (11 Rentals)

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

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.

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.

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
Park Shore Commons1 Bedroom 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brixin at Cressmoor EstatesDTH13BR,2.5BA$1.57
Hampshire ParkB3p - Renovated2BR,1BA$1.23
Lake Pointe Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1.27
Meadow Lane Apartments2BR2BR,1BA$1.14
Duneland Village2 Bdrm Townhome, 960 SqFt, Market,2BR,1BA$1.42
Tiberon Trails2x1E2BR,1BA$1.55
The Ridge2 Bed 1.5 Bath 850 Sycamore2BR,1.5BA$1.53
304 Arthur Ave304 Arthur Ave2BR,1BA$1.53
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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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

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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.

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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.

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.