Rent in New Castle, KY
A 2-bedroom in New Castle, KY (ZIP 40050) typically rents for about $932 a month, with a range of $854–$1,010. Owner-occupied homes in Henry County pay about 0.81% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $780 | $780–$976 | 1 |
| 1 bed | $607 | $374–$840 | 1 |
| 2 beds | $932 | $854–$1,010 | 1 |
| 3 beds | $1,234 | $1,167–$1,300 | 1 |
| 4 beds | $1,500 | $1,500–$1,874 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
New Castle ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in New Castle, KY?
- About $932 a month: the median of the typical rents in 1 ZIP code, which range from $854–$1,010. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in New Castle, KY?
- About $607 a month: the median of the typical rents in 1 ZIP code, which range from $374–$840. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in New Castle, KY?
- About $1,234 a month: the median of the typical rents in 1 ZIP code, which range from $1,167–$1,300. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in New Castle, KY?
- About $780 a month: the median of the typical rents in 1 ZIP code, which range from $780–$976. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in New Castle, KY?
- About $1,500 a month: the median of the typical rents in 1 ZIP code, which range from $1,500–$1,874. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in New Castle, KY?
- Owner-occupied homes in Henry County pay a typical 0.81% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these New Castle rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).