New Castle, DE Rental Market Trends

Highlights

The average rent for an apartment in New Castle is $1,030, a 1% increase compared to the previous year, when the average rent was $1,016.

Average Rent in New Castle, DE

Last updated Apr 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,030	1%	895 sq. ft.

The average size for a New Castle, DE apartment is 895 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

New Castle, DE Apartment Rent Ranges

$501-$7001%
$701-$1,00043%
$1,001-$1,50056%

New Castle, DE Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Apr / 2019
New Castle, DE	$963	$1,005	$997	$1,017	$1,004	$1,016	$1,005	$1,005	$1,030
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

How Does New Castle Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Wilmington	$1,133	3%
New Castle	$1,030	1%
Newark	$1,217	3%
Wilmington City	$1,123	5%
Wilmington Manor	$1,030	1%
Edgemoor	$1,177	12%
Brookside	$1,003	3%
New Castle City	$1,030	1%
Bear	$1,392	-1%
Claymont	$1,066	1%
Newark City	$1,226	3%

For more information about the New Castle rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all New Castle apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.