Newcastle, Washington 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 Newcastle, Washington rental market.
Newcastle, Washington
Average Apartment Rent
$2,361
Y-o-Y Change in Average
Apartment Rent
-4.7%
As of May 2026
Compared to a year ago, Newcastle, Washington apartments have recorded a -4.7% rent decrease.
Newcastle, Washington Average apartment rent trend
Newcastle, Washington Average Apartment Rent
Newcastle, Washington Apartment rent ranges
At 37.35%, apartments priced $2,000 - $2,500 represent the bulk of Newcastle, Washington rentals, while condos priced Over $3,000 hold the lowest share of the market – 10.89%.
Newcastle, Washington Housing tenure**
Renters take up 35% of Newcastle, Washington real estate, occupying a total of 1,863 units, while homeowners live in 3,475 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$91,250
Average household size of renter-occupied housing units**
2.15
Rental vacancy rate**
5.9%
Newcastle, Washington Renter-occupied housing units by no. of bedrooms**
There are 863 rentals in Newcastle, Washington with 1 bed making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (5%), amounting to 90 units. Overall, the median number of rooms in Newcastle, Washington homes for rent is 3.3.
Newcastle, Washington Renter-occupied units by age of householder**
Most condos for rent in Newcastle, Washington are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (28%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Newcastle, Washington Renter-occupied housing units by family type**
Newcastle, Washington Renter-occupied housing units by the presence of own children**
A total of 714 apartments for rent in Newcastle, Washington, or 38% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 378 units. All in all, the median size of a renter-occupied household in Newcastle, Washington is 2.15.
Newcastle, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 54% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Newcastle, Washington.
Newcastle, Washington Renter-occupied units by year structure built**
The highest share of Newcastle, Washington apartment rentals, namely 42% or 781 units, were Built 2010 - 2019, followed by those Built 1990 - 1999 (22%, 419 units), and the ones Built 1980 - 1989 (20%, 372 units).
Newcastle, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Newcastle, Washington renters (54%) moved in 2018 to 2020, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Newcastle, Washington condos for rent is 2019.
Newcastle, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Newcastle, Washington renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 14% have No vehicle available.
Newcastle, Washington Means of transportation to work of householders living in renter-occupied housing units**
Newcastle, Washington 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 Newcastle, Washington 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
