Rentometer, Inc. | Data as of 10/23/2025
New Castle’s rental market offers a blend of historic charm and modern convenience, making it an attractive destination for a variety of renters. The city’s vibrant downtown features restored brick streets, boutique shops, and cultural venues such as the historic Paramount Theatre, while nearby green spaces like Brown County State Park provide ample outdoor recreation. These amenities support a steady demand for both apartments and single-family homes, with neighborhoods such as the historic West Side and the growing Enterprise Park area showcasing a range of housing options that cater to young professionals, families, and retirees alike. The city’s central location in Indiana, coupled with easy access to major highways, further enhances its appeal for commuters seeking a balanced lifestyle.
Rental rates in New Castle generally fall within the $800‑$1,000 range, reflecting affordable living without compromising quality. One‑bedroom apartments often average in the lower $800s, with median rents approaching the mid‑$900s, while two‑bedroom units typically trend toward the upper $900s and can reach the low $1,000s, offering spacious layouts for growing households. In addition to apartments, the market includes a limited selection of standalone houses that provide added privacy and yard space. Prospective renters can expect a supportive landlord community, well‑maintained properties, and convenient access to local schools, healthcare facilities, and shopping centers, all contributing to a welcoming and sustainable rental environment in New Castle, Indiana.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $836 | $912 | $376 - $992 | $855 - $971 |
| Apartment | 2 Bedroom | $913 | $1,009 | $459 - $1,176 | $999 - $1,176 |
In the current period, the average rent in New Castle was $836 for 1 Bedroom, and $911 for 2 Bedroom.
Data provided by Rentometer, Inc.