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Rental Market Trends in Newcastle, WA

What is the average rent in Newcastle, WA?

$2,050/month

Average Rent

700 Sq Ft

Average Apartment Size

-1.4%

Decrease in the Last Year

As of January 2026, the average rent in Newcastle, WA is $2,050 per month. This is 26% higher than the national average rent price of $1,623/month, making Newcastle one of the most expensive cities in the US. When you rent an apartment in Newcastle, you can expect to pay about $1,861 per month for a studio, $2,050 for a one-bedroom apartment, and around $2,652 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,602 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,861/month
507 Sq Ft
One Bedroom
$2,050/month
700 Sq Ft
Two Bedroom
$2,652/month
1,062 Sq Ft
Three Bedroom
$3,602/month
1,402 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Newcastle, WA?

In the past year, rent has decreased by 1.4%, which averages out to $29 less per month.

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Newcastle?

Based on current rent prices, Castle Creek Apts, Downtown Newcastle and Donegal are the most affordable neighborhoods in Newcastle.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Castle Creek Apts
$1,868/month
683 Sq Ft
Downtown Newcastle
$1,986/month
676 Sq Ft
Donegal
$2,059/month
671 Sq Ft
Newport Woods
$2,141/month
670 Sq Ft

What are the most expensive neighborhoods in Newcastle?

Based on current rent prices, Newport Woods, Donegal and Downtown Newcastle are the most expensive neighborhoods in Newcastle.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Newport Woods
$2,141/month
670 Sq Ft
Donegal
$2,059/month
671 Sq Ft
Downtown Newcastle
$1,986/month
676 Sq Ft
Castle Creek Apts
$1,868/month
683 Sq Ft

Which Newcastle neighborhoods have the most rentals available?

The neighborhoods in Newcastle with the most apartments available are Downtown Newcastle, Donegal and Newport Woods .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Newcastle
$1,986/month
676 Sq Ft
Donegal
$2,059/month
671 Sq Ft
Newport Woods
$2,141/month
670 Sq Ft
Castle Creek Apts
$1,868/month
683 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Newcastle, WA?

Because the average rent in Newcastle is $2,050, you’ll want to make about $6,833 per month or $81,996 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Newcastle, WA

103 Available Apartments for Rent

Search for Nearby Apartments

How does Newcastle, WA compare to other nearby cities and neighborhoods?

Use the tool below to compare Newcastle, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Newcastle, WA

Apartment Averages

Castle Creek Apts

Newcastle, WA

Newport Woods

Newcastle, WA

Studio
-
-
One Bedroom
$1,883/month
-
Two Bedroom
$2,334/month
-
Three Bedroom
$2,747/month
-
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Nearby City Rent Trends

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Apartment communities in Newcastle we think you'll love

Avalon Newcastle Commons

Avalon Newcastle Commons

13398 Newcastle Commons Dr,
Newcastle, WA 98059

$1,955 - $4,335

Studio - 3 Beds

Newport Crossing

Newport Crossing

7311 Coal Creek Pky SE,
Newcastle, WA 98059

$1,699 - $2,999

1-3 Beds

Karbon

Karbon

6802 Coal Creek Pky SE,
Renton, WA 98059

$1,699 - $2,399

Studio - 2 Beds

Tria Apartments

Tria Apartments

12833 Newcastle Way,
Newcastle, WA 98056

$2,025 - $2,270

1-2 Beds

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United States Washington Newcastle Rental Trends

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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity