Rents are 6% below what Newcastle's 10-year trend predicts — a better deal than its own history suggests.
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 $2,461 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
March. Asking rents in Newcastle usually run 1.9% below trend in March and 1.6% above it in August, about $86 a month apart at today's median. Based on 5 years of data.
Rent in Newcastle is at its highest level since Zillow's records here began in February 2021.
Rent in Newcastle changed +2.5% over the year to September 2026. Across the 97 Washington cities Zillow tracks, the typical change was +2.6%.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($160,278) is $4,007 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,327).
Bryn Mawr-Skyway, 5 miles away, rents for 16% less ($2,068/mo), about $4,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Newcastle. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. 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, WA is majority owner-occupied, has a median income above the national average, 68.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Newcastle, WA has changed in 5 years
Compared with 2021, rent in Newcastle, WA has climbed by $554 per month, settling near $2,461 after starting the period at $1,907. Census figures show median household income at $160,278 today, compared with $139,439 five years earlier. Rent outpaced income growth by roughly 14.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 12,855 to 12,989 between 2021 and 2024, a 1.0% change. About 39% of households rent today, against 30.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 70.8% to 68.5%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Newcastle on your salary?
At $2,461/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 $2,461/mo as of October 2026. A studio apartment averages $2,260/mo while a 2-bedroom runs $2,590/mo. One-bedroom apartments average $2,226/mo and 3-bedroom units go for $3,250/mo.
At 18% of local median household income ($160,278/yr), Newcastle ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% 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?
When is the cheapest time to rent in Newcastle?
How does Newcastle rent compare to other cities in Washington?
Which nearby cities are cheaper to rent in than Newcastle?
At $2,461/mo, rent takes ~18% of Newcastle's median household income ($160,278/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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