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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 August 2025, 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 28.9% ($360) lower than the Indiana average of $1,247 and 50.4% ($903) lower than the U.S. average of $1,790.
Average Rent
$887
Monthly ChangeMonth Over Month Change
2.3% ($20)
Yearly ChangeYear Over Year Change
12% ($95)
Avg. Days on MarketAverage Days on Market
34
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $824 | 18.7% ($130) | 15.2% ($109) |
| 2 Beds | $960 | 1.8% ($17) | 22% ($173) |
| 3 Beds | $1,200 | 4.8% ($55) | 30.4% ($280) |
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.
The average rent in New Castle, IN is $887 per month.
Apartments in New Castle typically rent for between $600 and $1,560 per month, with an average of $887 per month.
In New Castle, the average rent for a 1-bedroom apartment is $824 per month, for a 2-bedroom apartment, $960 per month, and a 3-bedroom apartment is $1,200 per month.
The average rent in New Castle is 50.4% ($903) lower than the national average of $1,790 per month.
The average rent in New Castle has increased by 2.3% ($20) in the last month and increased by 12.0% ($95) over the past year.
The rental market in New Castle, IN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
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.
There are currently 12 rental properties available in New Castle, IN.
Based on the current averages, a household would need an annual income of $38,400 to comfortably afford a 2-bedroom apartment in New Castle.
