New Castle, DE Rental Market Trends
Highlights
The average rent for an apartment in New Castle is $1,119, a 8% increase compared to the previous year, when the average rent was $1,040.
Average Rent in New Castle, DE
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,119 | 8% | 911 sq. ft. |
The average size for a New Castle, DE apartment is 911 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
- $701-$1,00036%
- $1,001-$1,50058%
- $1,501-$2,0006%
New Castle, DE Occupied Housing Units
- Renter-occupied Households47%
- Owner-occupied Households52%
1,176 or 47% of the households in New Castle, DE are renter-occupied while 1,301 or 52% are owner-occupied.
New Castle, DE Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Castle, DE | $1,017 | $1,004 | $1,016 | $1,005 | $1,005 | $1,030 | $1,040 | $1,055 | $1,071 | $1,119 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How New Castle Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Philadelphia | $1,652 | 4% |
| Wilmington | $1,173 | 4% |
| Newark | $1,232 | 1% |
| Bear | $1,483 | 6% |
| Elkton | $1,211 | 4% |
| New Castle | $1,119 | 8% |
| Claymont | $1,135 | 5% |
| Brookside | $1,057 | 4% |
| Edgemoor | $1,154 | 5% |
For more information about the New Castle rental trends, check out our monthly rent report
Check out Delaware Cities, Delaware Neighborhoods and Delaware Zip Codes for more details on verified listings, including the Delaware Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!