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Homes & Apartments for Rent in New Castle, IN

1-10 of 10 rentals

Apartment for rent at 940 S 15th St, New Castle, IN 47362

Updated - today

Managed by MiddleTown Living

$695 - $1,075

Apartment1-2 Beds1-1.5 Baths544-1,088 ft²

940 S 15th St

New Castle, IN 47362

Welcome to 940 S 15th St, presented by MiddleTown Living. We have several units available for lease. For more information and to schedule a showing, please contact us. Stove & Refrigerator.

Managed by Jayden Paul

$600

Apartment1 Bed1 Bath

1513 S 20th St #D

New Castle, IN 47362

1 bedroom upstairs apartment. $600/month plus utilities. $600 security deposit is required. 1513 S 20th St, Apt D, New Castle, IN 47362. No pets preferred. 12 month lease. Tenant is responsible for rent, security deposit, electric, gas, water (water, storm, sewer), trash, cable, internet, etc. Heat is gas furnace. No central air. An application can be filled out at a showing. Please message Michelle for the date and time of the next showing. Laminate, Forced Air & Wall. Deposit: $600.

Featured

Managed by WILMOTH Group

$630

Apartment1 Bed1 Bath500 ft²

701 S 14th St #2B

New Castle, IN 47362

Discover the charm and convenience of New Castle, IN. This cozy one-bedroom, one-bathroom apartment offers thoughtfully designed space, perfect for comfort and style. Enjoy an open layout that invites natural light, creating a warm atmosphere for relaxation and entertainment. Located in a vibrant community, you're close to local amenities, dining and shopping, ensuring convenience. Experience a perfect blend of urban living and small-town charm-make it your new home today. In addition to rent, tenants are responsible to pay $85 per month for water/sewer/trash.

Provided by Leasing Agent

$695

House2 Beds1 Bath645 ft²

1104 Thornburg St

New Castle, IN 47362

Sec Dep $795 Rent $184 Weekly $368 BI-WEEKLY $795 Monthly 2 Bedroom 1 Bath Unit of A Triplex. Wood Look Vinyl Flooring Throughout. Spacious Living Room. Kitchen Comes With Electric Stove And A Refrigerator. Both Bedrooms Have Plenty of Natural Light. Bathroom Has A Tub And Shower Combo. WASHER/DRYER Hookup. No Smoking Inside Unit. Tenant Pays Electric, Gas and A Monthly Flat Fee of $100 For All Other Utilities. Pets Are Negotiable With The Owner's Approval And A $300 Pet Deposit & $25 Fee Per Month, Per Pet. 2 Pet Max. Renter's Insurance Required At Tenant Cost.

Featured

Managed by WILMOTH Group

$615

Apartment1 Bed1 Bath600 ft²

701 S 14th St #1B

New Castle, IN 47362

Discover the charm of New Castle living. This cozy one-bedroom retreat offers functional and stylish living space. Enjoy an inviting ambiance, a sparkling full bath and a vibrant community setting. Located in the heart of New Castle, this residence is a gateway to local amenities and attractions. Every corner is designed for ease and comfort, providing a serene yet connected lifestyle. Experience the perfect blend of serene living and modern convenience. In addition to rent, tenants are responsible to pay $85 per month for water/sewer/trash.

Provided by Leasing Agent

$895

House3 Beds1 Bath875 ft²

206 N 17th St

New Castle, IN 47362

New Castle Hud Accepted Sec Dep: $895 Rent: $207 Weekly $414 Biweekly $895 Monthly 3 Bedroom, 1.5 Bathroom Duplex. Living Room Has Ample Natural Light. Large Dining Room. Kitchen Has Arefrigerator And Electric Stove PROVIDED.1/2 Bathroom With Washer And Dryer HOOK-UP Just Off Kitchen. Real Wood Floors In All Bedrooms. Full Bathroom Upstairs With TUB/SHOWER Combo. All Bedrooms Have Closets. Street Parking. No Smoking In Unit. Tenant Pays Electric And Gas. Tenant Pays $96 Flat Fee For All Other Utilities. Pets May Be Negotiable With Owner's Approval & A $300 Pet Deposit Per Pet.

Managed by Slingshot Property & Asset Management

$745

Apartment1 Bed1 Bath640 ft²

1010 S 14th St #19

New Castle, IN 47362

1 bedroom apartment available for rent. Entire building recently renovated. This spectacular remodeled apartment is a must see. Spacious living room and kitchen with plenty of cabinets throughout. New counter tops, appliances and flooring. Full Bathroom. Newly renovated laundry room on-site. Off street parking. Close to downtown New Castle for easy shopping access. Trash Compactor.

New - 2 days ago

Provided by Leasing Agent

$700

Apartment1 Bed1 Bath500 ft²

330 N 11th St

New Castle, IN 47362

New Castle Hud Accepted Sec Dep $700 Rent $162 Weekly $324 BI-WEEKLY $700 Monthly 1 Bedroom 1 Bath Downstairs Apartment. Carpet In Living Room And Bedroom. Living Room Has Decorative Fireplace. Kitchen Comes With An Electric Stove And A Refrigerator. Bathroom Has A TUB/SHOWER Combo. Large Front Porch. No Smoking Inside Unit. Tenant Pays Electric And A Flat Fee of $126 For All Other Utitlities. Lawncare Provided. Pets Are Negotiable With The Owner's Approval And A $300 Pet Deposit & $25 Fee Per Month, Per Pet. 2 Pet Max. Renter's Insurance Required At Tenant Cost.

Managed by Slingshot Property & Asset Management

$650

Apartment1 Bed1 Bath630 ft²

1010 S 14th St #24

New Castle, IN 47362

1 bedroom apartment available for rent. This spectacular remodeled apartment is a must see. Quaint living room and kitchen with plenty of cabinets throughout. New counter tops, appliances and flooring. Full Bathroom. Newly renovated laundry room on-site. Off street parking. Close to downtown New Castle for easy shopping access. Pets are accepted with deposit. Thank you. Trash Compactor & A/ C.

Provided by Leasing Agent

$635

Apartment1 Bed1 Bath500 ft²

701 S 14th St

New Castle, IN 47362

Welcome to this cozy and well-maintained 1-bedroom, 1-bathroom apartment in the heart of New Castle, Indiana. As you enter, you'll immediately be greeted by a spacious and inviting living room, perfect for relaxation and entertaining. The kitchen is equipped with essential appliances, including a stove/oven range, refrigerator and microwave, along with ample cabinet space for storage, making meal prep and organization a breeze. The bedroom offers a comfortable retreat, ideal for restful nights and features easy-to-maintain vinyl flooring that runs throughout the entire apartment.

Viewing 1-10 of 10 rentals in New Castle

What to Know About

Life in New Castle & Beyond

New Castle shares many of the great qualities that make Indiana a desirable place to live.

Indiana is where the past meets the present, and the great outdoors is right at your fingertips. Get to know the rich cultural heritage of this Midwestern gem by visiting incredible museums like the Eiteljorg Museum of American Indians and Western Art, or check out the top universities like Purdue University and Indiana University. Indiana is a hub of economic activity, with its thriving manufacturing, agriculture, and transportation industries.

The state also offers plenty of opportunities for those seeking adventure and excitement. From exploring the beautiful state parks to fishing in its many lakes and rivers, Indiana is a nature-lovers paradise from the Hoosier National Forest to the Ohio River. And for sports fans, check out the Indianapolis Colts (NFL) and Indiana Pacers (NBA) or catch a game at universities like Purdue or Indiana. In addition, discover famous attractions like the Indianapolis Motor Speedway, home of the world-famous Indianapolis 500 race, the Children's Museum of Indianapolis, and the historic town of Brown County.

With its strong economy, quality education, and lively atmosphere, Indiana is the perfect place to live.

Rental Market Trends

New Castle, IN

As of April 2026, New Castle's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New Castle's average rent is 29.3% ($376) lower than the Indiana average of $1,282 and 49.3% ($882) lower than the U.S. average of $1,788.

Average Rent

$906

Monthly ChangeMonth Over Month Change

4.3% ($41)

Yearly ChangeYear Over Year Change

6.5% ($55)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$687	21.8% ($192)	6.7% ($49)
2 Beds	$1,057	0.6% ($6)	13% ($122)
3 Beds	$1,319	0.5% ($6)	7.8% ($96)

Nearby Cities	Average Rent	Avg. Rent vs. New CastleAverage Rent vs. New Castle	Avg. Days on MarketAverage Days on Market
Knightstown	$858	5.3% ($48)	33 days
Muncie	$954	5.3% ($48)	66 days
Yorktown	$852	6% ($54)	66 days
Anderson	$975	7.6% ($69)	38 days
Pendleton	$1,232	36% ($326)	36 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

New Castle Rental Market FAQs

Explore rental prices, market trends, and availability in New Castle, IN.

What is the average rent in New Castle, IN?

The average rent in New Castle, IN is $906 per month.

What is the rental price range for homes in New Castle, IN?

Homes in New Castle typically rent for between $600 and $1,715 per month, with an average of $906 per month.

What is the average rent for different bedroom sizes in New Castle, IN?

In New Castle, the average rent for a 1-bedroom home is $687 per month, for a 2-bedroom home, $1,057 per month, and a 3-bedroom home is $1,319 per month.

How do rent prices in New Castle, IN compare with the national average?

The average rent in New Castle is 49.3% ($882) lower than the national average of $1,788 per month.

How have rent prices in New Castle, IN changed recently?

The average rent in New Castle has decreased by 4.3% ($41) in the last month and increased by 6.5% ($55) over the past year.

How competitive is the rental market in New Castle, IN?

The rental market in New Castle, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in New Castle, IN?

In New Castle, IN, the average rental stays on the market for approximately 34 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in New Castle, IN?

There are currently 10 rental properties available in New Castle, IN.

Can I afford to rent a home in New Castle, IN?

Based on the current averages, a household would need an annual income of $42,280 to comfortably afford a 2-bedroom home in New Castle.