Newark City, DE Rental Market Trends

Highlights

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

Last updated January 2020
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

  • $701-$1,00035%
  • $1,001-$1,50055%
  • $1,501-$2,0004%
  • > $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

Average Rent Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Jan / 2020
Newark City, DE $1,138 $1,174 $1,185 $1,199 $1,205 $1,226 $1,234 $1,240 $1,207
National $1,347 $1,379 $1,381 $1,384 $1,420 $1,429 $1,433 $1,469
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How Newark City Compares to Other Cities

Average Rent Y-o-Y Change
Bear $1,450 4%
Wilmington $1,170 3%
Newark $1,213 n/a
New Castle $1,071 4%
Elkton $1,212 1%
Brookside $1,042 4%
New Castle City $1,071 4%
Newark City $1,207 -2%

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 ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.