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Affordable apartments in New Castle, Indiana

10 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

7 lihtc2 section 81 section 202

Buildings

STONEGATE VILLAGE APTS

LIHTC
3302 STONEGATE DR, NEW CASTLE, IN, 47362
Income-restricted units
122 of 122
Year placed in service
2010
Bedroom mix
16 1BR · 66 2BR · 40 3BR

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

FOSTER'S LANDING APTS

LIHTC
317 FOSTERS WAY, NEW CASTLE, IN, 47362
Income-restricted units
85 of 90
Year placed in service
2002
Bedroom mix
12 1BR · 48 2BR · 16 3BR · 14 4+BR

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

AUTUMN OAKS APTS

LIHTC
100 AUTUMN OAKS BLVD, NEW CASTLE, IN, 47362
Income-restricted units
68 of 72
Year placed in service
2000
Bedroom mix
16 1BR · 32 2BR · 24 3BR

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

WILLOW GLEN APTS

LIHTC
2800 S MAIN ST, NEW CASTLE, IN, 47362
Income-restricted units
52 of 52
Year placed in service
2011
Bedroom mix
51 1BR · 1 2BR

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

GRAND AVENUE COMMONS

LIHTC
1628 A AVE, NEW CASTLE, IN, 47362
Income-restricted units
52 of 52
Year placed in service
2005
Bedroom mix
29 1BR · 23 2BR

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

WILLOW GLEN APARTMENTS

Section 8
200/207 2800 S. MAIN ST, New Castle, IN, 47362
Income-restricted units
51 of 52
Year placed in service
Not reported

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

FAITH COMMUNITY

Section 8
2238 Q AVE, New Castle, IN, 47362
Income-restricted units
36 of 36
Year placed in service
Not reported

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

FAITH COMMUNITY

Section 202
2238 Q AVE, New Castle, IN, 47362
Income-restricted units
36 of 36
Year placed in service
Not reported

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

ROSE COURT APTS

LIHTC
720 S 14TH ST, NEW CASTLE, IN, 47362
Income-restricted units
20 of 20
Year placed in service
1998
Bedroom mix
8 1BR · 8 2BR · 4 3BR

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

HISTORIC JENNINGS APTS

LIHTC
1331 BROAD ST, NEW CASTLE, IN, 47362
Income-restricted units
Not reported of 20
Year placed in service
8888

Estimated total housing cost: $774 rent + $157 utilities = $931/mo

Contact property management for current availability. Waitlists may apply.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in Indiana

Residential electricity in Indiana runs about 16.63¢/kWh, with a typical monthly residential electric bill near $157. Natural gas runs about $16.19/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Fair Market Rent for New Castle, IN

Metro-level
BedroomsLocal FMRNational median
Studio$658n/a
1 bedroom$735n/a
2 bedroom$774$1,502
3 bedroom$1,006n/a
4 bedroom$1,161n/a

Fair Market Rent is HUD’s annual benchmark for the cost of rental housing in a given area. Source label: median_rent_proxy.

HUD income limits : Henry County, IN

FY2025. Area median income: $81,400.

Household size30% AMI50% AMI80% AMI
1 person$17,850$29,750$47,550
2 people$21,150$34,000$54,350
3 people$26,650$38,250$61,150
4 people$32,150$42,450$67,900
5 people$37,650$45,850$73,350
6 people$43,150$49,250$78,800
7 people$48,650$52,650$84,200
8 people$54,150$56,050$89,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby Indiana cities

See all affordable-rental cities in Indiana

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: New Castle cost-of-living and Fair Market Rent overview