2-Bedroom Apartment Rent in New Castle, IN
Median asking rent for a 2-bedroom apartment in New Castle, Indiana as of August 2026. That's +25% higher than the citywide median of $743 and +44% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-bedroom at the current median rent.
Rent by apartment size in New Castle
Compare New Castle's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Crawfordsville | $821 |
| 2 | East Chicago | $930 |
| 3 | Marion | $930 |
| 4 | New Castle (this page) | $930 |
| 5 | Richmond | $940 |
| 6 | Angola | $970 |
| 7 | La Porte | $978 |
| 8 | Muncie | $978 |
| 9 | Kokomo | $990 |
| 10 | Michigan City | $1,020 |
| 11 | Terre Haute | $1,023 |
| 12 | Elkhart | $1,055 |
| 13 | Warsaw | $1,060 |
| 14 | Evansville | $1,068 |
| 15 | Mishawaka | $1,085 |
Most expensive cities for a 2-bedroom in Indiana
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $1,870 |
| 2 | Whitestown | $1,790 |
| 3 | Carmel | $1,783 |
| 4 | McCordsville | $1,620 |
| 5 | Lawrence | $1,620 |
| 6 | Avon | $1,600 |
| 7 | Westfield | $1,580 |
| 8 | Fishers | $1,577 |
| 9 | Granger | $1,540 |
| 10 | Brownsburg | $1,510 |
| 11 | Sellersburg | $1,460 |
| 12 | Munster | $1,450 |
| 13 | Merrillville | $1,440 |
| 14 | Noblesville | $1,415 |
| 15 | Highland | $1,390 |
Nearby cities — 2-bedroom rent
Most nearby cities have similar or higher 2-bedroom rents than New Castle.
| City | Distance | 2-Bedroom rent | vs New Castle |
|---|---|---|---|
| Muncie, IN | 19.2 mi | $978 | +$48 (+5%) |
| Anderson, IN | 25 mi | $1,100 | +$170 (+18%) |
| Pendleton, IN | 25.7 mi | $1,230 | +$300 (+32%) |
| Greenfield, IN | 29.2 mi | $1,220 | +$290 (+31%) |
| Richmond, IN | 33.8 mi | $940 | +$10 (+1%) |
| McCordsville, IN | 36.9 mi | $1,620 | +$690 (+74%) |
| Fishers, IN | 38.9 mi | $1,577 | +$647 (+70%) |
| Shelbyville, IN | 39.4 mi | $1,220 | +$290 (+31%) |
| Lawrence, IN | 42.9 mi | $1,620 | +$690 (+74%) |
| Noblesville, IN | 43.5 mi | $1,415 | +$485 (+52%) |
| Marion, IN | 49.5 mi | $930 | — |
| Beech Grove, IN | 52 mi | $1,220 | +$290 (+31%) |
2-Bedroom rent in New Castle — common questions
How much is a 2-bedroom apartment in New Castle?
As of August 2026, the median 2-bedroom apartment rent in New Castle, Indiana is $930 per month. This is +25% higher than the citywide median of $743.
What income do you need to afford a 2-bedroom in New Castle?
Using the standard 30% rent-to-income rule, you would need an annual income of about $37,200 ($3,100/month gross), which works out to roughly $17.88/hour at a full-time job.
Is New Castle expensive for a 2-bedroom compared to the rest of the US?
New Castle's 2-bedroom median of $930 is +44% below the national 2-bedroom median of $1,655. It ranks in the 2th percentile of US cities tracked.
How does New Castle rank for 2-bedroom rent in Indiana?
Among the 62 cities in Indiana with 2-bedroom data, New Castle ranks #4 from cheapest to most expensive.
Are there cheaper 2-bedroom options near New Castle?
Most nearby cities have similar or higher 2-bedroom rents than New Castle.