Newcastle, WA Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Newcastle is $2,434, a 1.56% decrease compared to the previous year, when the average rent was $2,473.
Studio Apartments at $1,856 offer the most budget-friendly option with 509 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 685 square feet for $2,056, balancing privacy and affordability.
Two-beedroom units at $2,723 offer 1,032 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,441 sq ft) for $3,181, suitable for larger households.
Average rent in Newcastle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,434 | 895 sq. ft. |
| Studio | $1,856 | 509 sq. ft. |
| 1 Bed | $2,056 | 685 sq. ft. |
| 2 Beds | $2,723 | 1,032 sq. ft. |
| 3 Beds | $3,181 | 1,441 sq. ft. |
Newcastle, WA rent trends
Rental prices in Newcastle, WA have decreased by 1.56% over the past year. The average rent moved from $2,473 to $2,434.
What's the typical rent budget in Newcastle, WA?
The largest share of rentals in Newcastle, WA (37%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Newcastle, WA?
1,954 or 36% of the households in Newcastle, WA are renter-occupied while 3,419 or 64% are owner-occupied.
How Newcastle Compares to Other Cities
| City | Average Rent |
|---|---|
| Newcastle | $2,434 |
| Seattle | $2,252 |
| Tacoma | $1,749 |
| Spokane | $1,389 |
| Everett | $1,886 |
| Vancouver | $1,781 |
| Bellevue | $2,751 |
| Renton | $2,156 |
| Spokane Valley | $1,416 |
| Bothell | $2,284 |
| Kent | $1,954 |
| Kirkland | $2,531 |
| Lynnwood | $2,095 |
| Redmond | $2,600 |
| Federal Way | $1,878 |
| Issaquah, WA | $2,825 |
| Auburn, WA | $1,866 |
| Shoreline, WA | $1,998 |
| Edmonds, WA | $1,937 |
| Mountlake Terrace, WA | $2,008 |
| SeaTac, WA | $1,787 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Newcastle apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.