Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
New Castle, DE Rental Market Trends
What is the average rent in New Castle?
The average rent for an apartment in New Castle is $1,224, a 9% increase compared to the previous year, when the average rent was $1,119.
Average Rent in New Castle, DE
Last updated May 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,224 | 9% | 911 sq. ft. |
What is the average apartment size in New Castle?
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-$1,00028%
- $1,001-$1,50062%
- $1,501-$2,00010%
New Castle, DE Occupied Housing Units
- Renter-occupied Households44%
- Owner-occupied Households55%
1,069 or 44% of the households in New Castle, DE are renter-occupied while 1,332 or 55% are owner-occupied.
New Castle, DE Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Castle, DE | $1,005 | $1,005 | $1,030 | $1,040 | $1,055 | $1,071 | $1,119 | $1,137 | $1,155 | $1,224 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
/
How New Castle Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Philadelphia | $1,672 | n/a |
| Newark | $1,268 | 3% |
| Wilmington | $1,240 | 6% |
| West Chester | $1,621 | 4% |
| Chester | $923 | 2% |
| Cherry Hill | $1,647 | 6% |
| King of Prussia | $1,672 | 2% |
| Bear | $1,492 | 1% |
| Bensalem | $1,347 | 8% |
| New Castle | $1,224 | 9% |
| Claymont | $1,164 | 3% |
Most Popular Apartments in New Castle
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.