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City Report · OK

Newcastle

Pop. 13,001·7th most expensive in Oklahoma·Newcastle rents are up 6.8% over the past year
Median rent (all units)
$1,676/mo
Year-over-Year
+6.8%
Month-over-Month
-0.5%
vs US Median
-$289
Falling (Monthly)
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Most AffordableMost Expensive
Newcastle · $1,676
More affordable than 63% of US cities · National median $1,965/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,676/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$67,000/yr
Local median income
$93,398/yr
Based on the 30%-of-income rule using Newcastle's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$770
1 BR
$830
2 BR
$1,020
3 BR
$1,360
4 BR+
$1,490
Research median
$1,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,112/yr
At $1,676/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (6.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+6.8% YoY, -0.5% MoM), not inventory.
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Demographics

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.

Population
13,001
Median income
$93,398
Median age
38.4
Renters
16.3%
Age distribution
24.6%
20.3%
27.5%
12.5%
15.1%
Under 1824.6%
18–3420.3%
35–5427.5%
55–6412.5%
65+15.1%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
78.9%
White78.9%
Black2.5%
Hispanic8.4%
Asian0.5%
Other9.7%
Education (25+)
29.3%
29.6%
34.7%
No HS diploma6.4%
HS diploma29.3%
Some college29.6%
Bachelor's+34.7%
Housing tenure
83.7%
16.3%
Owner83.7%
Renter16.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Newcastle, OK has changed in 5 years

Income
$86,907 → $93,398
up 7.5%
Population
10,970 → 13,001
up 18.5%
Renter share
15.1% → 16.3%
+1.2 pts
Bachelor's+
30.8% → 34.7%
+3.9 pts

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.

Community

Discussions about Newcastle

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View Newcastle rent history (2015–2026) →
Salary vs rent

Can you afford rent in Newcastle on your salary?

At $1,676/mo, how Newcastle rent compares to typical pay (30% rule).

By apartment size

Newcastle rent by bedroom count

Median rent for each apartment size in Newcastle. Click any size for full breakdown.

Local insights

Tips for renters in Newcastle

About renting in Newcastle, OK

Last updated: July 20, 2026

The median rent in Newcastle is $1,676/mo as of July 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 22% of local median household income ($93,398/yr), Newcastle ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

Is Newcastle an affordable city for renters?

Newcastle is considered very affordable for renters. At $1,676/mo, rent takes approximately 22% of the local median household income ($93,398/yr). The standard benchmark is 30%. Newcastle falls comfortably within that range.

How much income do you need to rent in Newcastle?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,676/mo in Newcastle. The local median household income is $93,398/yr, meaning the typical Newcastle household meets that threshold.

Is rent going up or down in Newcastle?

Rent in Newcastle has increased 6.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Newcastle rent compare to other cities in Oklahoma?

Newcastle is one of the pricier cities in Oklahoma for rent, ranking #7 out of 38 tracked cities at $1,676/mo.

Which nearby cities are cheaper to rent in than Newcastle?

Several nearby cities have lower median rents than Newcastle ($1,676/mo): Del City ($1,213/mo), Oklahoma City ($1,298/mo), Norman ($1,383/mo).

What percentage of Newcastle residents rent vs. own?

According to Census data, approximately 16.3% of Newcastle households are renters, while 83.7% are owner-occupied. Newcastle leans toward homeownership, which can mean a smaller rental inventory.

How does Newcastle rent compare to the national average?

Newcastle's median rent of $1,676/mo is $289 (15%) below the US national median of $1,965/mo. Within Oklahoma, it ranks #7 out of 38 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,676/mo, rent takes ~22% of Newcastle's median household income ($93,398/yr). The standard benchmark is 30%.

Newcastle 22%Benchmark 30%
State income tax0.25–4.75%
Run the Newcastle affordability calculator →
Lowest-rent ZIP codes in Newcastle
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Newcastle, OK

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