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New Castle, IN Homes for Rent

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    Starting at $729 Per Month

    • 1 - 2 Beds

    1628 A Ave, New Castle, IN 47362

    There are quite a few housing opportunities available, but don't overlook Grand Avenue Apartments in New Castle, IN. The apartments are located in a quiet neighborhood and have a host of amenities.Stay active at the on-site fitness center that's available for residents. In-unit washers and dryers are offered at Grand Avenue Apartments, making laundry a pain-free task. Enjoy the benefits

    Grand Avenue Commons

    1628 A Ave, New Castle, IN 47362
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    Starting at $779 Per Month

    • 1 - 3 Beds

    1001 W Colonial Dr, New Castle, IN 47362

    Jamestown Village Apartments in New Castle, IN, offers the perfect blend of comfort and convenience. Choose from spacious 1, 2, and 3-bedroom homes, featuring private entrances, ceiling fans, and washer/dryer connections in select units. Our pet-friendly community is designed to enhance your lifestyle with amenities like a sparkling pool and sundeck, a bark park for your furry friends, and a

    Jamestown Village

    1001 W Colonial Dr, New Castle, IN 47362
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    Starting at $1,354 Per Month

    • 3 - 4 Beds

    3052 N Gary St, New Castle, IN 47362

    Welcome to Golden Pebble! An all-age, pet-friendly manufactured home community located in New Castle, Indiana. Here, you’ll find the ideal mix of small-town charm and everyday convenience, with a community feel that’s perfect for individuals and families alike.Golden Pebble offers the comfort of community living with easy access to everything New Castle has to offer. From parks and trails

    Golden Pebble Estates

    3052 N Gary St, New Castle, IN 47362
  • /20

    Starting at $725 Per Month

    • Studio - 2 Beds

    2900 S Memorial Dr, New Castle, IN 47362

    At Beckford Place apartments in New Castle, convenience is our middle name. We are located in Henry Township, six miles north of Interstate 70 on State Road 3. We are just minutes away from the Indiana Basketball Hall of Fame and the Henry County Memorial Hospital. We offer many flexible lease terms for our Studio, 1 & 2 bedroom apartments to suit your needs.In order to both work and play

    Beckford Place

    2900 S Memorial Dr, New Castle, IN 47362
  • /20

    $1,099 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    2120 Spring St, New Castle, IN 47362

    Property Id: 286574Are you searching for your next place to live?FOLLOW these STEPS to END YOUR SEARCH. 1st CALL and ask for our property manager Barbra. 2nd SCHEDULE a TOUR w/Barbra or ask us to schedule one for you. 3rd SUBMIT your RENTAL APPLICATION to Barbra at the leasing office or via TurboTenant.*4th Wait patiently while we process your RENTAL APPLICATION to

    2120 Spring St, New Castle, IN 47362
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    $650

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    1105 Spring St Unit 1105, New Castle, IN 47362

    1105 SPRING ST. – NEW CASTLE*** ACCEPTS HUD ***SEC DEP $650.00 $650.00 MONTHLY1 BEDROOM 1 BATH LOWER APARTMENT. HARDWOOD FLOORS IN LIVING ROOM AND BEDROOM. LARGE LIVING ROOM WITH PLENTY NATURAL LIGHT AND TALL CEILINGS. KITCHEN COMES WITH ELECTRIC STOVE AND REFRIGERATOR. BATHROOM HAS A TUB AND SHOWER COMBO. LAWNCARE PROVIDED! NO SMOKING INSIDE UNIT. TENANT PAYS ELECTRIC AND A MONTHLY

    1105 Spring St Unit 1105, New Castle, IN 47362
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    $685

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 525 Sq Ft
    • Condo for Rent

    417 S 12th St Unit D, New Castle, IN 47362

    417 S 12th St Unit D, New Castle, IN 47362
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    $750

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    1210 S 25th St Unit 1210, New Castle, IN 47362

    1210 S. 25TH ST. NEW CASTLE **HUD ACCEPTED**SEC DEP: $750.00 $750.00 MONTHLY2 BEDROOM, 1 BATHROOM UNIT OF A DUPLEX LOCATED IN NEW CASTLE. LIVING ROOM AND KITCHEN HAVE VINYL PLANK FLOORING, BOTH BEDROOMS HAVE CARPET. LARGE EAT-IN KITCHEN WITH A REFRIGERATOR AND ELECTRIC STOVE PROVIDED. THE BATHROOM HAS A TUB AND SHOWER COMBO. WASHER AND DRYER HOOK-UP IN KITCHEN. 1 DETACHED

    1210 S 25th St Unit 1210, New Castle, IN 47362
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    $1,374 Per Month

    • 4 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 139, New Castle, IN 47362

    TAKE ADVANTAGE OF OUR SIZZLING SUMMER SAVINGS EVENT! If you purchase this home, receive 4 months FREE site rent and NO application fees. Offer expires June 30, 2026. Act fast! Restrictions apply. Welcome to this thoughtfully upgraded home located in the heart of Golden Pebble! The home has vinyl wood flooring throughout making cleaning a breeze and a sleek finish. The kitchen is equipped with

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 139, New Castle, IN 47362
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    $695 Per Month

    • 1 Bed
    • 1 Bath
    • 544 Sq Ft
    • Condo for Rent

    940 S 15th St Unit 940 1/2, New Castle, IN 47362

    940 S 15th St Unit 940 1/2, New Castle, IN 47362
  • /8

    $615 Per Month

    • 1 Bed
    • 1 Bath
    • 7,944 Sq Ft
    • Condo for Rent

    701 S 14th St Unit 4A, New Castle, IN 47362

    This efficient one-bedroom, one-bathroom rental offers comfort and convenience with a stylish, functional design. Enjoy a spacious interior perfect for relaxation and daily living. Located near New Castle's vibrant center, you'll have easy access to dining, shopping, and entertainment. Ideal for a fresh start or a peaceful retreat, this inviting unit awaits to become your sanctuary. There will be

    Maxwell Richter Wilmoth Group

    701 S 14th St Unit 4A, New Castle, IN 47362
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    $399 Per Month

    • 3 Beds
    • 1 Bath
    • 1,088 Sq Ft
    • House for Rent

    904 Spring St, New Castle, IN 47362

    Fixer.Seller will finance.3 bedroom, 1 bath on corner lot.1088 Sq ft5097 Sq ft lotBuilt 1900904 Spring StNew Castle, IN 47362$900 down $399.66/month$39,900 contract price.30 yrs. 11.95% interestPlease email with the following info:1. Household monthly income2. How many people would live there?3. Any pets?4. Do you have the

    904 Spring St, New Castle, IN 47362
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    $615 Per Month

    • 1 Bed
    • 1 Bath
    • 7,944 Sq Ft
    • Condo for Rent

    701 S 14th St Unit 5B, 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

    Maxwell Richter Wilmoth Group

    701 S 14th St Unit 5B, New Castle, IN 47362
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    $505 Per Month

    • 3 Beds
    • 2 Baths
    • 1,056 Sq Ft
    • Property for Rent

    316 Glenwood Dr, New Castle, IN 47362

    Discover your own private retreat in this stunning 1998 3‐bed, 2‐bath home. Tucked away in a serene, park‐like setting, this property offers the tranquility of a hidden oasis while placing you moments from local dining, shopping, and outdoor activities. Enjoy the best of both worlds with easy access to downtown New Castle, Indiana.

    Shawn Landa

    316 Glenwood Dr, New Castle, IN 47362
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    $1,354 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 111, New Castle, IN 47362

    TAKE ADVANTAGE OF OUR CELEBRATE SUMMER SAVINGS EVENT! If you purchase this home, receive 4 months FREE site rent. Plus, no application fees. Offer expires July 31, 2026. Act fast! Restrictions apply. Welcome to this thoughtfully upgraded home located in the heart of Golden Pebble! The home has vinyl wood flooring throughout making cleaning a breeze and a sleek finish. The kitchen is equipped with

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 111, New Castle, IN 47362

Why Live in New Castle

Newcastle, a small city of around 17,000 residents, is located 50 miles east of Indianapolis along the Big Blue River. Known for its rich history and basketball scene, it is home to the Indiana Basketball Hall of Fame and New Castle Fieldhouse, the largest high school gymnasium in the nation. Downtown Newcastle has been revitalized, featuring historic streetscapes with locally owned shops and restaurants centered around Main Street and Broad. Memorial Drive hosts big box stores and chain restaurants. State Routes 38 and 3 are key commuting routes, with Route 3 connecting to Interstate 70 about 3 miles south. Affordable homes, often larger and cheaper than those in nearby cities, attract buyers and investors. The New Castle Community School Corporation serves about 3,000 students and is highly rated, particularly for its athletics programs. The city boasts eight parks, including Baker Park with a skate park and disc golf course, and Osbourne Park for trail walks and picnics. Annual events, such as the donut hole-eating contest at Jack's Donuts, are held downtown at The Heart of Newcastle. Crime rates have seen a gradual decrease in petty theft and violent crimes, though drug-related crimes have risen. Natural disaster risks include infrequent tornado occurrences, with only 23 tornadoes recorded in Henry County since 1950.

Frequently Asked Questions

How much does it cost to rent a home in New Castle, IN?
The median rent for a home in New Castle, IN is $750 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 $30,000 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 $750 per month in New Castle, IN, renters typically need to show $2,250 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 17.9, 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 home?
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 home include Industry, Southside, Thomas Park-Avondale, South Central and Old West End, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
15
Median Rent
$750
Median Single Family Home Rent
$1,100
Median Townhouse Rent
$880
Median Condo Rent
$615
How to Rent a Home