Pestújhely (literally: New Settlement by Pest, German: Neustädtl) is one of the northern suburbs of Budapest, the capital of Hungary.
Until the second half of the 19th century, this area belonged to the village of Rákospalota and was uninhabited and marshy.
The inhabitants of Pestújhely were clerks, postmasters, railwaymen and other lower-middle-class people, many of whom worked in Budapest.
The rapid development of the village continued until the Second World War with the building of houses, churches and schools.
The small suburb today is a pleasant backwater with a quiet market-town atmosphere.