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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

Newark City, DE Rental Market Trends

Highlights

The average rent for an apartment in Newark City is $1,254, a 4% increase compared to the previous year, when the average rent was $1,207.

Average Rent in Newark City, DE

Last updated February 2021
Average Rent Y-o-Y Change Average Apartment Size
$1,254 4% 834 sq. ft.

The average size for a Newark City, DE apartment is 834 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

  • $701-$1,00017%
  • $1,001-$1,50068%
  • $1,501-$2,00011%
  • > $2,0004%

Newark City, DE Occupied Housing Units

  • Renter-occupied Households51%
  • Owner-occupied Households48%

5,570 or 51% of the households in Newark City, DE are renter-occupied while 5,167 or 48% are owner-occupied.

Newark City, DE Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Feb / 2021
Newark City, DE $1,199 $1,205 $1,226 $1,234 $1,240 $1,207 $1,230 $1,234 $1,254
National $1,311 $1,342 $1,351 $1,356 $1,388 $1,395 $1,397 $1,389 $1,392
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Access comprehensive real estate data and information on Yardi Matrix

How Newark City Compares to Other Cities

Average Rent Y-o-Y Change
Wilmington $1,241 6%
Newark $1,261 4%
Bear $1,483 2%
New Castle $1,155 8%
Elkton $1,227 1%
Brookside $1,097 5%
Newark City $1,254 4%
Wilmington Manor $1,155 8%

For more information about the Newark City rental trends, check out our monthly rent report

Check out Delaware Cities, Delaware Neighborhoods and Delaware Zip Codes for more details on verified listings, including the Delaware Average Rent.

Curious about listings in your area? Check out our apartments near you for more details!

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Newark City apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.