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Rental Market Trends in Newcastle, WA

Updated August 2026

The average rent in Newcastle, WA is $2,204/month.

Rent in Newcastle is 33% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$2,204/month

Average Rent

721 Sq Ft

Average Size

+5.7%

Change / Year

115

Available Apartments

Newcastle rent varies by unit size and layout:

  • Studio apartments in Newcastle average $1,911 per month.
  • One-bedroom apartments in Newcastle average $2,204 per month.
  • Two-bedroom apartments in Newcastle average $2,858 per month.
  • Three-bedroom apartments in Newcastle average $3,633 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,911/month
488 Sq Ft
One Bedroom
$2,204/month
721 Sq Ft
Two Bedroom
$2,858/month
1,070 Sq Ft
Three Bedroom
$3,633/month
1,404 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$4,505/month
2,816 Sq Ft
View Newcastle Apartments

How much has average rent changed in Newcastle, WA?

In the past year, rent has increased by 5.7%, which averages out to $126 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Newcastle, WA

August 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

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Newcastle?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
May Creek
$1,987/month
652 Sq Ft
Donegal
$2,075/month
654 Sq Ft
Downtown Newcastle
$2,077/month
669 Sq Ft
Castle Creek Apts
$2,098/month
700 Sq Ft
Olympic Ridge
$2,128/month
708 Sq Ft

What are the most expensive neighborhoods in Newcastle?

Based on current rent prices, Olympic Ridge, Castle Creek Apts and Downtown Newcastle are the most expensive neighborhoods in Newcastle.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Olympic Ridge
$2,128/month
708 Sq Ft
Castle Creek Apts
$2,098/month
700 Sq Ft
Downtown Newcastle
$2,077/month
669 Sq Ft
Donegal
$2,075/month
654 Sq Ft
May Creek
$1,987/month
652 Sq Ft

Which Newcastle neighborhoods have the most rentals available?

The neighborhoods in Newcastle with the most apartments available are Downtown Newcastle, Donegal and Castle Creek Apts .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Newcastle
$2,077/month
669 Sq Ft
Donegal
$2,075/month
654 Sq Ft
Castle Creek Apts
$2,098/month
700 Sq Ft
May Creek
$1,987/month
652 Sq Ft
Olympic Ridge
$2,128/month
708 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 $2,204, you’ll want to make about $7,346 per month or $88,152 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

115 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.

View the Newcastle Area Guide

Apartment Averages

May Creek

Newcastle, WA

Olympic Ridge

Newcastle, WA

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Renton

    Renton

    Avg Rent: $1,874/month

  • Mercer Island

    Mercer Island

    Avg Rent: $2,366/month

  • Bellevue

    Bellevue

    Avg Rent: $2,579/month

  • Issaquah

    Issaquah

    Avg Rent: $2,279/month

  • Tukwila

    Tukwila

    Avg Rent: $1,583/month

Apartment Communities in Newcastle We Think You'll Love

Avalon Newcastle Commons

Avalon Newcastle Commons

13398 Newcastle Commons Dr,
Newcastle, WA 98059

Studio - 3 Beds | $2,085 - $4,750

Tria

Tria

12833 Newcastle Way,
Newcastle, WA 98056

1-2 Beds | $1,899 - $2,275

Newport Crossing

Newport Crossing

7311 Coal Creek Pky SE,
Newcastle, WA 98059

1-3 Beds | $1,849 - $2,799

Castle Creek

Castle Creek

7000 132nd Pl SE,
Newcastle, WA 98059

1-3 Beds | $2,047 - $3,037

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Frequently Asked Questions

What is the average rent in Newcastle?

The average rent in Newcastle is $2,204 per month, which is 32.5% higher than the national average of $1,663.

Are rents going up or down in Newcastle?

Rents in Newcastle, WA are increasing, with prices up 5.7% year-over-year and $126 more per month.

What rent range is most common in Newcastle?

In Newcastle, WA, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity