Studio Apartment Rent in New Castle, IN
Median asking rent for a studio apartment in New Castle, Indiana as of July 2026. That's +3% lower than the citywide median of $756 and +43% below the national studio median of $1,290.
Income needed for a studio 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 studio 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 studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Frankfort | $517 |
| 2 | Crawfordsville | $644 |
| 3 | Marion | $650 |
| 4 | East Chicago | $670 |
| 5 | Michigan City | $700 |
| 6 | Richmond | $710 |
| 7 | Delphi | $720 |
| 8 | Angola | $730 |
| 9 | New Castle (this page) | $730 |
| 10 | Muncie | $735 |
| 11 | Mishawaka | $740 |
| 12 | Logansport | $770 |
| 13 | South Bend | $775 |
| 14 | Kokomo | $780 |
| 15 | Evansville | $792 |
Most expensive cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Zionsville | $1,390 |
| 2 | Whitestown | $1,330 |
| 3 | Carmel | $1,327 |
| 4 | McCordsville | $1,210 |
| 5 | Lawrence | $1,205 |
| 6 | Avon | $1,190 |
| 7 | Westfield | $1,180 |
| 8 | Fishers | $1,170 |
| 9 | Brownsburg | $1,120 |
| 10 | Sellersburg | $1,100 |
| 11 | Granger | $1,070 |
| 12 | Noblesville | $1,050 |
| 13 | Columbus | $1,045 |
| 14 | Munster | $1,040 |
| 15 | Plainfield | $1,030 |
Nearby cities — studio rent
Considering nearby alternatives? 3 of these cities have cheaper studio rents than New Castle.
| City | Distance | Studio rent | vs New Castle |
|---|---|---|---|
| Muncie, IN | 19.2 mi | $735 | +$5 (+1%) |
| Anderson, IN | 25 mi | $793 | +$63 (+9%) |
| Pendleton, IN | 25.7 mi | $890 | +$160 (+22%) |
| Greenfield, IN | 29.2 mi | $890 | +$160 (+22%) |
| Richmond, IN | 33.8 mi | $710 | $-20 (-3%) |
| McCordsville, IN | 36.9 mi | $1,210 | +$480 (+66%) |
| Fishers, IN | 38.9 mi | $1,170 | +$440 (+60%) |
| Shelbyville, IN | 39.4 mi | $890 | +$160 (+22%) |
| Lawrence, IN | 42.9 mi | $1,205 | +$475 (+65%) |
| Noblesville, IN | 43.5 mi | $1,050 | +$320 (+44%) |
| Marion, IN | 49.5 mi | $650 | $-80 (-11%) |
| Greenville, OH | 51 mi | $660 | $-70 (-10%) |
Studio rent in New Castle — common questions
How much is a studio apartment in New Castle?
As of July 2026, the median studio 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 studio 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 studio compared to the rest of the US?
New Castle's studio median of $730 is +43% below the national studio median of $1,290. It ranks in the 4th percentile of US cities tracked.
How does New Castle rank for studio rent in Indiana?
Among the 63 cities in Indiana with studio data, New Castle ranks #9 from cheapest to most expensive.
Are there cheaper studio options near New Castle?
Yes — nearby cities with cheaper studio rents include Richmond ($710), Marion ($650), Greenville ($660).