Apartments for Rent in New Chicago, IN

Prices and availability in New Chicago, IN were last updated on 28 May 2026.

The best apartment in New Chicago, IN is: 3612 Michigan St, Unit 2nd Fl.

The average rent in New Chicago, IN is $1,310.

In New Chicago 32% of the housing is rented out compared to 68% of homes are owned, according to the most recent Census Bureau estimates. none of New Chicago's apartments are found in large buildings of 50 units or more, 30% are located in smaller apartment complexes with less than 50 units, and 41% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in New Chicago are about 38 years old, on average. Of these, 27% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in New Chicago come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 53% of all rentals in New Chicago. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.