Newark, CA Rental Market Trends
Highlights
The average rent for an apartment in Newark is $2,330, a 4% decrease compared to the previous year, when the average rent was $2,436.
Average Rent in Newark, CA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,330 | -4% | 795 sq. ft. |
The average size for a Newark, CA apartment is 795 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Newark, CA Apartment Rent Ranges
- $1,501-$2,0008%
- > $2,00092%
Newark, CA Occupied Housing Units
- Renter-occupied Households17%
- Owner-occupied Households82%
2,420 or 17% of the households in Newark, CA are renter-occupied while 11,257 or 82% are owner-occupied.
Newark, CA Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Newark, CA | $2,379 | $2,332 | $2,327 | $2,462 | $2,383 | $2,504 | $2,436 | $2,522 | $2,447 | $2,330 |
| National | $1,377 | $1,380 | $1,417 | $1,426 | $1,430 | $1,466 | $1,473 | $1,474 |
How Newark Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Los Angeles | $2,375 | -5% |
| San Francisco | $3,111 | -16% |
| East Bay | $2,307 | -2% |
| San Diego | $2,187 | -3% |
| Long Beach | $2,121 | n/a |
| Oakland | $2,708 | -9% |
| San Jose | $2,554 | -7% |
| Mountain View | $2,795 | -16% |
| Sunnyvale | $2,590 | -14% |
| Palo Alto | $2,940 | -11% |
| Newark | $2,330 | -4% |
For more information about the Newark rental trends, check out our monthly rent report
Check out California Cities, California Neighborhoods and California Zip Codes for more details on verified listings, including the California Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!