At $1,544/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,544 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Newcastle changed +0.9% over the year to September 2026. Across the 31 Oklahoma cities Zillow tracks, the typical change was +2.8%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($93,398) is $2,335 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,490).
Del City, 16 miles away, rents for 22% less ($1,206/mo), about $4,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Newcastle. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Newcastle, OK is majority owner-occupied, has a median income above the national average, 34.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Newcastle, OK has changed in 5 years
On the earnings side, the typical household in Newcastle, OK now reports about $93,398, up from $86,907 in 2021. Census counts show Newcastle, OK adding about 2,031 residents over the five-year window, up 18.5% on net. Bachelor's-degree-or-higher attainment moved from 30.8% to 34.7% across the same window.
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Can you afford rent in Newcastle on your salary?
At $1,544/mo, how Newcastle rent compares to typical pay (30% rule).
Newcastle rent by bedroom count
Median rent for each apartment size in Newcastle. Click any size for full breakdown.
Tips for renters in Newcastle
Last updated: October 17, 2026
The median rent in Newcastle is $1,544/mo as of October 2026. A studio apartment averages $770/mo while a 2-bedroom runs $1,020/mo. One-bedroom apartments average $830/mo and 3-bedroom units go for $1,360/mo.
At 20% of local median household income ($93,398/yr), Newcastle ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.
Frequently asked questions
How much income do you need to rent in Newcastle?
Is rent going up or down in Newcastle?
How does Newcastle rent compare to other cities in Oklahoma?
Which nearby cities are cheaper to rent in than Newcastle?
At $1,544/mo, rent takes ~20% of Newcastle's median household income ($93,398/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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