Lakeview at Newcastle
7920 110th Ave SE,
Newcastle, WA 98056
2 Beds | $2,254 - $5,801
Rental Market Trends in Newcastle, WA
What is the average rent in Newcastle, WA?
$2,092/month
Average Rent
735 Sq Ft
Average Apartment Size
+2%
Increase in the Last Year
As of December 2024, the average rent in Newcastle, WA is $2,092 per month. This is 34% higher than the national average rent price of $1,560/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 $1,760 per month for a studio, $2,092 for a one-bedroom apartment, and around $2,723 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,723 or more.
Floor Plan Type
Average Rent
Average 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 increased by 2%, which averages out to $43 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Newcastle, WA
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
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
What are the most affordable neighborhoods in Newcastle?
Based on current rent prices, Olympic Ridge, Walker's Run and Castle Creek Apts are the most affordable neighborhoods in Newcastle.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Newcastle?
Based on current rent prices, Downtown Newcastle, Newport Crossing and May Creek are the most expensive neighborhoods in Newcastle.
Neighborhood
Average Rent
Average Sq Ft
Which Newcastle neighborhoods have the most rentals available?
The neighborhoods in Newcastle with the most apartments available are Downtown Newcastle, Castle Creek Apts and May Creek .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Newcastle, WA?
Because the average rent in Newcastle is $2,092, you’ll want to make about $6,973 per month or $83,676 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.
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.
Studio
-
-
One Bedroom
-
$2,095/month
Two Bedroom
-
$2,383/month
Three Bedroom
-
-
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Methodology
† 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.
* Percentages may not total 100 due to rounding.