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New Castle, IN Homes for Rent

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  • /35

    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
  • /7

    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
  • /20

    $1,099 Per Month

    • 3 Beds
    • 2 Baths
    • House for Rent

    2120 Spring St, New Castle, IN 47362

    Property Id: 286574 Are 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

    2120 Spring St, New Castle, IN 47362
  • /5

    $1,100

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,100 Sq Ft
    • Condo for Rent

    1127 S 18th St Unit 1127 S 18th Street, New Castle, IN 47362

    This property at 1127 S 18th St features 3 bedrooms and 1.5 bathrooms. The living room offers ample space for relaxation and entertainment. The kitchen is functional, providing access to the dining area. The full bathroom includes standard fixtures, while the half bathroom adds convenience for guests. Each bedroom is adequately sized, suitable for various furniture arrangements. The exterior

    1127 S 18th St Unit 1127 S 18th Street, New Castle, IN 47362
  • /25

    $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 END OF SUMMER SAVINGS EVENT! If you purchase this home, receive 4 months FREE site rent. Plus, no application fees. Offer expires August 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 139, New Castle, IN 47362
  • /14

    $1,150 Per Month

    • 3 Beds
    • 1.5 Baths
    • Condo for Rent

    1602 D Ave Unit 1, New Castle, IN 47362

    Welcome home to this spacious 3-bedroom, 1.5-bath apartment in New Castle! Offering plenty of room to spread out, this apartment features a functional layout with comfortable living spaces and generously sized bedrooms. Conveniently located close to shopping, dining, schools, parks, and everyday necessities, you’ll have everything you need just minutes away.With 3 bedrooms, 1.5 baths, and

    1602 D Ave Unit 1, New Castle, IN 47362
  • /25

    $1,329 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 132, New Castle, IN 47362

    TAKE ADVANTAGE OF OUR END OF SUMMER SAVINGS EVENT! If you purchase this home, receive 4 months FREE site rent. Plus, no application fees. Offer expires August 31, 2026. Act fast! Restrictions apply. Welcome to your next home in the beautiful Golden Pebble community of New Castle, Indiana. This spacious home blends modern convenience with cozy charm. Step into a bright, open-concept living area

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 132, New Castle, IN 47362
  • /11

    $1,100 Per Month

    • 3 Beds
    • 1 Bath
    • 1,148 Sq Ft
    • Condo for Rent

    536 S 11th St Unit 536 S. 11th, New Castle, IN 47362

    3-bedroom, 1-bath duplex in New Castle $1100 includes water, sewer, trashWith over 1100 sq. ft., this duplex will provide ample space to grow. Large rooms, tall ceilings, and great location! Schedule a showing today!Rent: $1,100Deposit: $1,100(includes: water, sewer, and trash)

    536 S 11th St Unit 536 S. 11th, New Castle, IN 47362
  • /35

    $1,335 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 116, New Castle, IN 47362

    TAKE ADVANTAGE OF OUR END OF SUMMER SAVINGS EVENT! If you purchase this home, receive 4 months FREE site rent. Plus, no application fees. Offer expires August 31, 2026. Act fast! Restrictions apply. This thoughtfully designed home offers a smart layout with modern finishes, creating a warm and functional living space. At the heart of the home, the open-concept living room flows seamlessly into

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 116, New Castle, IN 47362
  • /17

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 904 Sq Ft
    • House for Rent

    2320 Plum St, New Castle, IN 47362

    Now Available! This well-kept 2-bedroom, 1 bath home features fresh carpet, a detached garage, and a large backyard perfect for outdoor enjoyment. Clean, comfortable, and move-in ready! Required Monthly Services for this unit:-Tenants are responsible for all utilities.-Enjoy added convenience with identity protection, pest control, air filter delivery (if applicable), credit

    2320 Plum St, New Castle, IN 47362
  • /16

    $1,225 Per Month

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

    300 Glenwood Dr Unit 311, New Castle, IN 47362

    Gorgeous Brand-New 3 Bedroom, 2 Bathroom Home - Rent-to-Own Opportunity! Be the first to call this beautiful brand-new Cavco 3-bedroom, 2-bathroom home yours! This home features a modern layout, brand-new finishes, and comfortable living space throughout. This home is being offered through a rent-to-own program. Please note that participation in the rent-to-own program is subject to qualification

    Shawn Landa Glenwood Mobile Home Community

    300 Glenwood Dr Unit 311, New Castle, IN 47362
  • /8

    $625 Per Month

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

    2404 State St Unit 2, New Castle, IN 47362

    Welcome to this cozy, updated 1-bedroom, 1-bathroom apartment located in a quiet, four-unit brick building on State Street in New Castle. Perfect for individuals or couples seeking affordable, low-maintenance living with convenient access to local amenities.? Apartment Features:1 spacious bedroom1 full bathroom with updated fixturesBright, open living

    2404 State St Unit 2, New Castle, IN 47362
  • /10

    $1,324 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

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

    TAKE ADVANTAGE OF OUR END OF SUMMER SAVINGS EVENT! If you purchase this home, receive 4 months FREE site rent. Plus, no application fees. Offer expires August 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
  • /7

    $625 Per Month

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

    2404 State St Unit 4, New Castle, IN 47362

    Welcome to this cozy, updated 1-bedroom, 1-bathroom apartment located in a quiet, four-unit brick building on State Street in New Castle. Perfect for individuals or couples seeking affordable, low-maintenance living with convenient access to local amenities.Apartment Features:1 spacious bedroom1 full bathroom with updated fixturesBright, open living spaceFresh

    2404 State St Unit 4, New Castle, IN 47362
  • /7

    $1,025 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1602 D Ave Unit 3, New Castle, IN 47362

    Recently Renovated 2-Bedroom Apartment in New Castle!Welcome home to this recently renovated 2-bedroom apartment conveniently located in New Castle. This move-in-ready property offers a bright and inviting interior with lots of natural light and comfortable living spaces.Enjoy the convenience of off-street parking and a location close to shopping, dining, entertainment, and other

    1602 D Ave Unit 3, New Castle, IN 47362
  • /5

    $775 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    806 Broad St Unit 806 Broad Street - Unit 1, New Castle, IN 47362

    Completely remodeled and move-in ready! This beautiful 1-bedroom, 1-bath apartment features modern finishes throughout and is conveniently located near shopping, dining, and everyday amenities. Residents enjoy the convenience of an on-site laundry room and available parking, making this a comfortable and hassle-free place to call home.At Premier Management Solutions, we strive to provide

    806 Broad St Unit 806 Broad Street - Unit 1, 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 $1,099 per month, though prices vary by neighborhood, size, and property type. As of August 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 $43,960 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 $1,099 per month in New Castle, IN, renters typically need to show $3,297 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 12.6, 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 Blaine, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
16
Median Rent
$1,099
Median Single Family Home Rent
$1,100
Median Townhouse Rent
$880
Median Condo Rent
$615
How to Rent a Home