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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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Viewing 1-5 of 5 rentals in New Castle
What to Know About
Life in New Castle & Beyond
New Castle shares many of the great qualities that make Colorado a desirable place to live.
Colorado boasts towering mountain peaks, expansive mesas, and tranquil hot springs making Colorado a beautiful backdrop for any visitor. Immerse yourself in the state's rich history and culture by visiting iconic landmarks like the Colorado History Museum and the Red Rocks Amphitheater. And for those seeking academic excellence, you have some of the most respected universities in the country, such as the University of Colorado Boulder, Colorado State University, and the University of Denver, making it an excellent place for education and research.
Sports fans rejoice as Colorado is home to professional teams, the Denver Broncos (NFL), the Colorado Avalanche (NHL), to Colorado Rockies (MLB), and Denver Nuggets (NBA). There is a team for everyone. For outdoor enthusiasts, the state offers a range of experiences, from world-class skiing and snowboarding to adrenaline-pumping mountain biking to peaceful fishing in high-altitude lakes. In addition, discover popular attractions like the Royal Gorge Bridge and Park, the Garden of the Gods, and the historic town of Telluride.
Embrace the Rocky Mountain State and discover why Colorado's breathtaking natural beauty, bustling cities, and endless excitement possibilities make it the perfect place to call home.
Rental Market Trends
New Castle, CO
As of June 2026, New Castle's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. New Castle's average rent is 18.4% ($338) higher than the Colorado average of $1,841 and 21.3% ($382) higher than the U.S. average of $1,797.
Average Rent
$2,179
Monthly ChangeMonth Over Month Change
12% ($297)
Yearly ChangeYear Over Year Change
12% ($297)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,279 | 35.5% ($704) | 35.5% ($704) |
| 2 Beds | $1,607 | 33.8% ($821) | 33.8% ($821) |
| 3 Beds | $2,347 | 32.2% ($1115) | 32.2% ($1115) |
| Nearby Cities | Average Rent | Avg. Rent vs. New CastleAverage Rent vs. New Castle | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Silt | $1,917 | 12% ($262) | 35 days |
| Glenwood Springs | $2,111 | 3.1% ($68) | 40 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
New Castle Rental Market FAQs
Explore rental prices, market trends, and availability in New Castle, CO.
The average rent in New Castle, CO is $2,179 per month.
Apartments in New Castle typically rent for between $895 and $3,051 per month, with an average of $2,179 per month.
In New Castle, the average rent for a 1-bedroom apartment is $1,279 per month, for a 2-bedroom apartment, $1,607 per month, and a 3-bedroom apartment is $2,347 per month.
The average rent in New Castle is 21.3% ($382) higher than the national average of $1,797 per month.
The average rent in New Castle has decreased by 12.0% ($297) in the last month and decreased by 12.0% ($297) over the past year.
The rental market in New Castle, CO, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In New Castle, CO, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in New Castle, CO.
Based on the current averages, a household would need an annual income of $64,280 to comfortably afford a 2-bedroom apartment in New Castle.
