$685
Total Monthly Price
- 1 Bed
- 1 Bath
- 525 Sq Ft
- Condo for Rent
417 S 12th St Unit D, New Castle, IN 47362
Frequently Asked Questions
How much does it cost to rent a condo in New Castle, IN?
The median rent for a condo in New Castle, IN is $615 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in New Castle, IN?
To comfortably afford the median rent in New Castle, IN, a household needs to earn roughly $36,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $910 per month in New Castle, IN, renters typically need to show $2,730 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New Castle, IN?
In New Castle, IN, the price-to-rent ratio is 14.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in New Castle, IN are best for renting a condo?
The best neighborhood for renting in New Castle, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Southside, South Central and Old West End, each with its own character and price range.
