Rentometer, Inc. | Data as of 10/23/2025
Newcastle, Oklahoma offers a welcoming rental market that blends small‑city charm with convenient access to the greater Tulsa area. The city’s tree‑lined streets, historic downtown core, and friendly community events create a vibrant environment for renters seeking a balance of peace and activity. With a mix of local amenities, including parks, dining venues, and easy highway connections, Newcastle remains a desirable destination for professionals, families, and retirees alike.
The rental inventory features both apartments and single‑family homes, giving renters a variety of options to suit different lifestyles. One‑bedroom apartments typically fall in the $900s, providing an affordable yet comfortable choice for individuals or couples. Two‑bedroom houses average around the $1300 range, while larger three‑bedroom homes often exceed $2500, reflecting the space and flexibility they offer. For those needing even more room, four‑plus‑bedroom houses generally sit near the $2000 range. These price points align with both average and median figures, indicating a stable market that balances competitiveness with value.
Neighborhoods such as Lake 502 and Legacy Ranch are especially popular, offering quiet streets, well‑maintained homes, and proximity to schools like Newcastle Elementary and Lakeview Middle School. The city’s attractions— including the historic Newcastle Theater, Riverwolf Park, and nearby Lake Eufaula—enhance the quality of life for renters. Whether you’re looking for a modern apartment close to downtown or a spacious house in a family‑friendly subdivision, Newcastle’s rental market provides diverse choices that cater to a wide range of needs and preferences.
Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
---|---|---|---|---|---|
Apartment | 1 Bedroom | $989 | $983 | $685 - $1,300 | $685 - $1,300 |
House | 2 Bedroom | $1,311 | $1,350 | $1,195 - $1,350 | $1,350 - $1,350 |
House | 3 Bedroom | $2,534 | $1,808 | $1,184 - $9,999 | $1,499 - $1,995 |
House | 4+ Bedroom | $2,045 | $1,967 | $1,300 - $3,900 | $1,825 - $2,200 |
In the current period, the average rent in Newcastle was $989 for 1 Bedroom, $1,237 for 2 Bedroom, $2,480 for 3 Bedroom, and $1,938 for 4+ Bedroom.
Data provided by Rentometer, Inc.