1-Bedroom Rent · July 2026

1-Bedroom Apartment Rent in New Castle, IN

$730/mo

Median asking rent for a 1-bedroom apartment in New Castle, Indiana as of July 2026. That's +3% lower than the citywide median of $756 and +48% below the national 1-bedroom median of $1,395.

1-Bedroom median
$730
July 2026
vs city overall
-3%
$756 city median
vs national
-48%
$1,395 US median
Indiana rank
#4
of 65 cities

Income needed for a 1-bedroom in New Castle

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.

Annual income
$29,200
Monthly gross
$2,433
Hourly (full-time)
$14.04

Rent by apartment size in New Castle

Compare New Castle's median rent across every apartment size.

Studio
$730
1-Bedroom (current)
$730
2-Bedroom
$930
3-Bedroom
$1,130
4+ Bedroom
$1,250

Cheapest cities for a 1-bedroom in Indiana

#City1-Bedroom rent
1Frankfort$604
2La Porte$689
3Richmond$720
4New Castle (this page)$730
5Angola$740
6Marion$740
7Crawfordsville$754
8East Chicago$770
9Logansport$780
10Kokomo$790
11Muncie$800
12Fortville$801
13Terre Haute$810
14Delphi$820
15Evansville$835

Most expensive cities for a 1-bedroom in Indiana

#City1-Bedroom rent
1Zionsville$1,600
2Whitestown$1,530
3Carmel$1,527
4McCordsville$1,390
5Lawrence$1,385
6Avon$1,370
7Westfield$1,350
8Fishers$1,343
9Granger$1,310
10Brownsburg$1,290
11Noblesville$1,210
12Sellersburg$1,200
13Munster$1,190
14Merrillville$1,190
15Plainfield$1,180

Nearby cities — 1-bedroom rent

Considering nearby alternatives? 1 of these cities have cheaper 1-bedroom rents than New Castle.

CityDistance1-Bedroom rentvs New Castle
Muncie, IN19.2 mi$800+$70 (+10%)
Anderson, IN25 mi$868+$138 (+19%)
Pendleton, IN25.7 mi$1,040+$310 (+42%)
Greenfield, IN29.2 mi$1,040+$310 (+42%)
Fortville, IN33 mi$801+$71 (+10%)
Richmond, IN33.8 mi$720$-10 (-1%)
McCordsville, IN36.9 mi$1,390+$660 (+90%)
Fishers, IN38.9 mi$1,343+$613 (+84%)
Shelbyville, IN39.4 mi$1,040+$310 (+42%)
Lawrence, IN42.9 mi$1,385+$655 (+90%)
Noblesville, IN43.5 mi$1,210+$480 (+66%)
Marion, IN49.5 mi$740+$10 (+1%)

1-Bedroom rent in New Castle — common questions

How much is a 1-bedroom apartment in New Castle?

As of July 2026, the median 1-bedroom apartment rent in New Castle, Indiana is $730 per month. This is +3% below the citywide median of $756.

What income do you need to afford a 1-bedroom in New Castle?

Using the standard 30% rent-to-income rule, you would need an annual income of about $29,200 ($2,433/month gross), which works out to roughly $14.04/hour at a full-time job.

Is New Castle expensive for a 1-bedroom compared to the rest of the US?

New Castle's 1-bedroom median of $730 is +48% below the national 1-bedroom median of $1,395. It ranks in the 2th percentile of US cities tracked.

How does New Castle rank for 1-bedroom rent in Indiana?

Among the 65 cities in Indiana with 1-bedroom data, New Castle ranks #4 from cheapest to most expensive.

Are there cheaper 1-bedroom options near New Castle?

Yes — nearby cities with cheaper 1-bedroom rents include Richmond ($720).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for New Castle, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (July 2026) and exclude cities with median rent below $400 or above $20,000.