$750 Per Month
- 2 Beds
- 1 Bath
- Apartment for Rent
211 S Walnut St Unit 1, New Castle, PA 16101
MOVE IN READY 1ST FLOOR APARTMENT
Jacob Staph CASTLE REALTY
Frequently Asked Questions
How much does it cost to rent a home in New Castle, PA?
The median rent for a home in New Castle, PA is $997 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in New Castle, PA?
To comfortably afford the median rent in New Castle, PA, a household needs to earn roughly $39,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $997 per month in New Castle, PA, renters typically need to show $2,991 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New Castle, PA?
In New Castle, PA, the price-to-rent ratio is 11.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
