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New Castle, IN Homes for Rent

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  • /35

    Starting at $891 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
  • /34

    $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
  • /8

    $1,299 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 136, New Castle, IN 47362

    FALL INTO SAVINGS when you take advantage of our limited-time special offer! Purchase this home and receive 4 months FREE site rent plus NO application fees. Hurry! Offers expire September 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.

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 136, New Castle, IN 47362
  • /5

    $625

    Total Monthly Price

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

    1218 S 18th St Unit 4, New Castle, IN 47362

    1218 S 18th St Unit 4, 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

    FALL INTO SAVINGS when you take advantage of our limited-time special offer! Purchase this home and receive 4 months FREE site rent plus NO application fees. Or, rent this home and enjoy 1 month FREE rent. Hurry! Offers expire September 30, 2026. Act fast! Restrictions apply. Welcome to your next home in the beautiful Golden Pebble community of New Castle, Indiana. This spacious home blends

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 132, New Castle, IN 47362
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    $895

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 997 Sq Ft
    • Townhouse for Rent

    1410 S 19th St, New Castle, IN 47362

    1410 S 19TH ST NEW CASTLE **HUD ACCEPTED**SEC DEP: $895.00RENT: $895.00 MONTHLY 2 BEDROOM, 1 BATHROOM DUPLEX. WOOD-LOOK VINYL PLANK FLOORING THROUGHOUT, WITH ONE BEDROOM HAVING HARDWOOD FLOORING. LARGE LIVING ROOM AND DINING ROOM. KITCHEN HAS PLENTY OF CABINETRY. A REFRIGERATOR AND ELECTRIC STOVE ARE PROVIDED. BOTH BEDROOMS AND BATHROOM ARE UPSTAIRS. BATHROOM HAS A STAND-ALONE

    1410 S 19th St, New Castle, IN 47362
  • /35

    $1,299 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

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

    FALL INTO SAVINGS when you take advantage of our limited-time special offer! Purchase this home and receive 4 months FREE site rent plus NO application fees. Or, rent this home and enjoy 1 month FREE rent. Hurry! Offers expire September 30, 2026. Act fast! Restrictions apply. This thoughtfully designed home offers a smart layout with modern finishes, creating a warm and functional living space.

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 116, New Castle, IN 47362
  • /5

    $1,000

    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
  • /8

    $1,299 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 137, New Castle, IN 47362

    FALL INTO SAVINGS when you take advantage of our limited-time special offer! Purchase this home and receive 4 months FREE site rent plus NO application fees. Hurry! Offers expire September 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.

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 137, New Castle, IN 47362
  • /13

    $1,000

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,300 Sq Ft
    • Townhouse for Rent

    922 S 14th St Unit 922, New Castle, IN 47362

    Spacious three bedroom duplex located in New Castle IN. Large living and dining room area, apartment recently painted. New carpet upstairs and in all three bedrooms. Bathroom has new vanity and cink, kitchen has new cabinets. Stove included. Washer and dryer hook ups in unit. Lawn care paid for by owner. Call with any questions or to set up walk thru and pick up an application. Accepting section

    922 S 14th St Unit 922, New Castle, IN 47362
  • /25

    $1,299 Per Month

    • 3 Beds
    • 2 Baths
    • Property for Rent

    3052 N Gary St Unit 140, New Castle, IN 47362

    FALL INTO SAVINGS when you take advantage of our limited-time special offer! Purchase this home and receive 4 months FREE site rent plus NO application fees. Or, rent this home and enjoy 1 month FREE rent. Hurry! Offers expire September 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

    Kameron Allen Golden Pebble

    3052 N Gary St Unit 140, New Castle, IN 47362
  • /9

    $615 Per Month

    • 1 Bed
    • 1 Bath
    • 7,844 Sq Ft
    • Condo for Rent

    701 S 14th St Unit 2B, New Castle, IN 47362

    Experience the charm of small-town living with this cozy one-bedroom apartment in New Castle, IN. This unit is in a friendly neighborhood features an open layout connecting the living, dining, and kitchen areas, filled with natural light from large windows. The spacious bedroom and full bathroom offer comfort, while easy access to local amenities and attractions provides convenience. Enjoy nearby

    Maxwell Richter Wilmoth Group

    701 S 14th St Unit 2B, New Castle, IN 47362
  • /9

    $615 Per Month

    • 1 Bed
    • 1 Bath
    • 11,016 Sq Ft
    • Condo for Rent

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

    Discover the charm and convenience of this updated one bedroom apartment in New Castle! This apartment offers a cozy living space, perfectly balancing comfort and style. The beautifully appointed bathroom and efficient layout enhance the seamless flow and functionality. Located in a vibrant community, this apartment provides easy access to local amenities. Make this delightful space your new home

    Maxwell Richter Wilmoth Group

    701 S 14th St Unit 4B, 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

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 $895 per month, though prices vary by neighborhood, size, and property type. As of September 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 $35,800 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 $895 per month in New Castle, IN, renters typically need to show $2,685 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 15.4, 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 Thomas Park-Avondale, Industry, Forest Park, Old West End and Riverside-Normal City, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
15
Median Rent
$895
Median Single Family Home Rent
$1,087
Median Townhouse Rent
$895
Median Condo Rent
$615
How to Rent a Home