New Castle, Delaware Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the New Castle, Delaware rental market.
New Castle, Delaware
Average Apartment Rent
$1,603
Y-o-Y Change in Average
Apartment Rent
3.3%
As of June 2026
Compared to a year ago, New Castle, Delaware apartments have recorded a 3.3% rent increase.
New Castle, Delaware Average apartment rent trend
New Castle, Delaware Average Apartment Rent
New Castle, Delaware Apartment rent ranges
At 54.73%, apartments priced $1,500 - $2,000 represent the bulk of New Castle, Delaware rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.24%.
New Castle, Delaware Housing tenure**
Renters take up 38% of New Castle, Delaware real estate, occupying a total of 1,031 units, while homeowners live in 1,680 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$91,850
Average household size of renter-occupied housing units**
1.76
Rental vacancy rate**
3.6%
New Castle, Delaware Renter-occupied housing units by no. of bedrooms**
There are 554 rentals in New Castle, Delaware with 2 beds making up the highest share of the market, at 54%. Units with 4 beds, on the other hand, hold the lowest percentage (7%), amounting to 72 units. Overall, the median number of rooms in New Castle, Delaware homes for rent is 4.7.
New Castle, Delaware Renter-occupied units by age of householder**
Most condos for rent in New Castle, Delaware are occupied by residents in the 45 - 54 years age group (32%), followed by those in the 65 - 74 years age group (16%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
New Castle, Delaware Renter-occupied housing units by family type**
New Castle, Delaware Renter-occupied housing units by the presence of own children**
A total of 372 apartments for rent in New Castle, Delaware, or 36% of all rentals are family households. Additionally, 9% of rental homes include children under the age of 18 – that’s 93 units. All in all, the median size of a renter-occupied household in New Castle, Delaware is 1.76.
New Castle, Delaware Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in New Castle, Delaware.
New Castle, Delaware Renter-occupied units by year structure built**
The highest share of New Castle, Delaware apartment rentals, namely 36% or 373 units, were Built 2000 - 2009, followed by those Built 1939 or earlier (14%, 140 units), and the ones Built 1970 - 1979 (11%, 117 units).
New Castle, Delaware Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most New Castle, Delaware renters (60%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their New Castle, Delaware condos for rent is 2016.
New Castle, Delaware Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of New Castle, Delaware renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 6% have 3 or more vehicles available.
New Castle, Delaware Means of transportation to work of householders living in renter-occupied housing units**
New Castle, Delaware Geographical mobility in the past year for householders living in renter-occupied housing units**
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, Delaware 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.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
