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Viewing 1 of 1 rentals in New Castle
What to Know About
Life in New Castle & Beyond
New Castle shares many of the great qualities that make Delaware a desirable place to live.
Delaware, known as the "First State," is charming, with stunning beaches, quaint towns, and a rich historical heritage. Take a step back in time and explore the state's vast museums and cultural attractions, like the First State Heritage Park and the Zwaanendael Museum. In addition, the University of Delaware and Delaware State University offer exceptional learning opportunities for those seeking higher education. Delaware's economy thrives on industries like finance, chemical production, and agriculture. These industries play a vital role in driving the state's economy, providing ample job opportunities for residents.
But Delaware is not just about work. It also offers endless opportunities for outdoor recreation, from fishing in the Delaware Bay to hiking in the state parks. You can also explore famous attractions like the Hagley Museum and Library, the Winterthur Museum, and the historic town of Lewes. For those seeking more entertainment and interests, the Delaware Theatre Company, the Delaware Museum of Natural History, and Dewey and Rehoboth beach towns are just a few examples of the many activities available.
Delaware offers beautiful beaches, picturesque towns, rich history, and a unique blend of urban vibrancy and coastal charm, making it a great place to call home.
Rental Market Trends
New Castle, DE
As of August 2025, 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 21.8% ($385) lower than the Delaware average of $1,768 and 22.7% ($407) lower than the U.S. average of $1,790.
Average Rent
$1,383
Monthly ChangeMonth Over Month Change
16.7% ($277)
Yearly ChangeYear Over Year Change
7.1% ($105)
Avg. Days on MarketAverage Days on Market
30
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,175 | 17.4% ($247) | 6.2% ($77) |
| 2 Beds | $1,398 | 16.7% ($281) | 5.8% ($86) |
| 3 Beds | $1,655 | 15.5% ($304) | 6.9% ($122) |
| Nearby Cities | Average Rent | Avg. Rent vs. New CastleAverage Rent vs. New Castle | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Bear | $2,064 | 49.2% ($681) | 29 days |
| Newark | $1,804 | 30.4% ($421) | 29 days |
| Wilmington | $1,404 | 1.5% ($21) | 35 days |
| Elkton | $1,932 | 39.7% ($549) | 26 days |
| Middletown | $2,528 | 82.8% ($1145) | 30 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, DE.
The average rent in New Castle, DE is $1,383 per month.
Apartments in New Castle typically rent for between $823 and $2,152 per month, with an average of $1,383 per month.
In New Castle, the average rent for a 1-bedroom apartment is $1,175 per month, for a 2-bedroom apartment, $1,398 per month, and a 3-bedroom apartment is $1,655 per month.
The average rent in New Castle is 22.7% ($407) lower than the national average of $1,790 per month.
The average rent in New Castle has decreased by 16.7% ($277) in the last month and decreased by 7.1% ($105) over the past year.
The rental market in New Castle, DE, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In New Castle, DE, the average rental stays on the market for approximately 30 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 5 rental properties available in New Castle, DE.
Based on the current averages, a household would need an annual income of $55,920 to comfortably afford a 2-bedroom apartment in New Castle.
