Newark City, DE Rental Market Trends
The average rent for an apartment in Newark City is $1,207, a 2% decrease compared to the previous year, when the average rent was $1,226.
Average Rent in Newark City, DE
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,207||-2%||835 sq. ft.|
The average size for a Newark City, DE apartment is 835 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 City, DE Apartment Rent Ranges
- > $2,0006%
Newark City, DE Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
3,888 or 40% of the households in Newark City, DE are renter-occupied while 5,808 or 59% are owner-occupied.
Newark City, DE Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Jan / 2020|
How Newark City Compares to Other Cities
|Average Rent||Y-o-Y Change|
|New Castle City||$1,071||4%|
For more information about the Newark City rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!