Low Income Apartments and Affordable Housing For Rent in New Castle, IN

Discover affordable housing in New Castle where there are 12+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Autumn Oaks Apartments

100 Autumn Oaks Blvd, New Castle, Indiana 47362

switch_access_shortcut Short Wait
accessibility Accessible

Fosters Landing Apartments

317 Fosters Way, New Castle, Indiana 47362

bed 1-4
switch_access_shortcut Short Wait
accessibility Accessible

Stonegate Village Apartments

3302 Stonegate Dr, New Castle, Indiana 47362

switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Faith Community

2238 Q Ave, New Castle, Indiana 47362

payment Subsidized

Willow Glen Apartments

2800 S Main St , New Castle, Indiana 47362

bed 1
payment Subsidized
accessibility Accessible

1519 A Ave

1519 A Ave, New Castle, Indiana 47362

bed 3
payment $727/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
real_estate_agent Naturally Affordable

634 S Main St Unit B5

634 S Main St Unit B5, New Castle, Indiana 47362

bed 2
payment $749/mo.

Grand Avenue Commons

1628 A Ave, New Castle, Indiana 47362

switch_access_shortcut Short Wait
accessibility Accessible

Maplewood Terrace

274 S 14th St, New Castle, Indiana 47362

payment Subsidized

Bethany Village Apartments New Castle

1509 Washington St, New Castle, Indiana 47362

switch_access_shortcut Short Wait

Rose Court Apartments

720 S 14th St, New Castle, Indiana 47362

switch_access_shortcut Short Wait
accessibility Accessible

New Castle Elderly Housing

100 Woodside Manor Ct, New Castle, Indiana 47362

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in New Castle, Indiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Mar 31
Open Until Further Notice
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Reported On September 28th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In New Castle, Indiana
$16.34/hour
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About New Castle, Indiana Affordable Housing ↓

What HUD offices serve New Castle, Indiana?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for New Castle, Indiana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for New Castle, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near New Castle.

How many renters live in New Castle, Indiana?

The City of New Castle has people living in households.

There are renters living in renter households in this City. Renters make up 34.7 percent of the population living in New Castle.

What is the rental market like in New Castle, Indiana?

There are an estimated housing units in the New Castle area. Of these, units are rental homes, making up percent of the housing market. For every renter household in New Castle, Indiana, there are 1.11 rental units.

What is the vacancy rate for rentals in New Castle?

The rental vacancy rate in New Castle is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in New Castle for each bedroom size?

Occupied Rental Units by Size in New Castle
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
189 572 1,108 729 77
Occupied Rental Units by Size in New Castle

A large number of apartments in New Castle have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in New Castle

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $678 to $1,204. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $678
One BR $682
Two BR $863
Three BR $1,083
Four BR $1,204
2024 Fair Market Rents in New Castle, Indiana

How many units are rented at Fair Market Rent (FMR) in New Castle?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 92 49 percent
One BR 361 63 percent
Two BR 685 62 percent
Rental Units Below FMR in New Castle, Indiana

How many affordable rental units are in New Castle?

There are a variety of federal affordable housing programs serving households in New Castle, Indiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in New Castle, Indiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in New Castle, Indiana

New Castle features 417 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in New Castle, Indiana

There are 234 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Castle.

Housing Choice Vouchers in New Castle, Indiana

On average, Section 8 Housing Choice vouchers pay New Castle landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in New Castle.

The maximum amount a voucher would pay on behalf of a low-income tenant in New Castle, Indiana for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.

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