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Rental Market Trends in Newcastle, WA

What is the average rent in Newcastle, WA?

$2,074/month

Average Rent

700 Sq Ft

Average Apartment Size

-2.2%

Decrease in the Last Year

As of March 2026, the average rent in Newcastle, WA is $2,074 per month. This is 27% higher than the national average rent price of $1,627/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 $1,791 per month for a studio, $2,074 for a one-bedroom apartment, and around $2,788 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,634 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,791/month
507 Sq Ft
One Bedroom
$2,074/month
700 Sq Ft
Two Bedroom
$2,788/month
1,063 Sq Ft
Three Bedroom
$3,634/month
1,400 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 2.2%, which averages out to $45 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Newcastle, WA
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Newcastle, WA
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/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, Downtown Newcastle is the most affordable neighborhood in Newcastle.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Newcastle
$1,980/month
644 Sq Ft

What are the most expensive neighborhoods in Newcastle?

Based on current rent prices, Downtown Newcastle is the most expensive neighborhood in Newcastle.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Newcastle
$1,980/month
644 Sq Ft

Which Newcastle neighborhoods have the most rentals available?

The neighborhood in Newcastle with the most apartments available is Downtown Newcastle .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Newcastle
$1,980/month
644 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 $2,074, you’ll want to make about $6,913 per month or $82,956 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

74 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

Downtown Newcastle

Newcastle, WA

Downtown Newcastle

Newcastle, WA

Studio
-
-
One Bedroom
$1,970/month
$1,970/month
Two Bedroom
$2,443/month
$2,443/month
Three Bedroom
-
-
Search
Search

Nearby City Rent Trends

  • Renton Average Rent
  • Bellevue Average Rent
  • Issaquah Average Rent
  • Tukwila Average Rent

Apartment communities in Newcastle we think you'll love

Avalon Newcastle Commons

Avalon Newcastle Commons

13398 Newcastle Commons Dr,
Newcastle, WA 98059

$1,941 - $5,040

Studio - 3 Beds

Newport Crossing

Newport Crossing

7311 Coal Creek Pky SE,
Newcastle, WA 98059

$1,849 - $2,668

1-3 Beds

Tria Apartments

Tria Apartments

12833 Newcastle Way,
Newcastle, WA 98056

$2,295 - $2,955

1-2 Beds

Castle Creek

Castle Creek

7000 132nd Pl SE,
Newcastle, WA 98059

$2,107 - $3,069

2-3 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 February 2026.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity