Jamestown Village
1001 W Colonial Dr,
New Castle, IN 47362
$891 - $1,214 | 1-3 Beds
New Castle
New Castle, IN
Area Guide
Savor outdoor recreation and local history in Central Indiana
Rural
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Suburban
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Active
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Historic
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Quaint
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Riverside
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Affordable
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Welcoming
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Commuter
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Located in the heart of Indiana, New Castle sits in Henry County along the Big Blue River. New Castle offers residents the best of rural and urban living, boasting a strong sense of community spirit within minutes of larger cities like Muncie and Indianapolis.
Outdoor activities abound in New Castle, with eight public parks, an aquatic center, and numerous athletic facilities and multi-use trails in town. New Castle is also convenient to the expansive Summit Lake State Park. New Castle celebrates history at the Indiana Basketball Hall of Fame and throughout its own historic downtown area. The largest high school gymnasium in the world is also situated in New Castle. Getting around from New Castle is easy with access to I-70 as well as Routes 3 and 38.
Rent Trends
As of April 2025, the average apartment rent in New Castle, IN is $569 for a studio, $849 for one bedroom, $966 for two bedrooms, and $902 for three bedrooms. Apartment rent in New Castle has increased by 5.4% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$849/month
564 Sq Ft
Transportation
30
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
35
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Wilbur Wright Elementary School
Public
Grades PK-6
294 Students
7
James Whitcomb Riley Elementary School
Public
Grades PK-6
235 Students
7
Blue River Valley Elementary School
Public
Grades PK-6
322 Students
5
Public
Grades PK-6
260 Students
5
Public
Grades PK-6
274 Students
4
Public
Grades 6-8
666 Students
5
Blue River Valley Jr-Sr High School
Public
Grades 7-12
320 Students
3
Public
Grades 9-12
836 Students
4
Blue River Valley Jr-Sr High School
Public
Grades 7-12
320 Students
3
School data provided by
GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Summit Lake State Park
Commuter Rail
Military Bases
Top Apartments in New Castle
Houses for Rent in New Castle
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.