Newark, DE Rental Market Trends
The average rent for an apartment in Newark is $1,232, a 1% increase compared to the previous year, when the average rent was $1,221.
Average Rent in Newark, DE
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,232||1%||905 sq. ft.|
The average size for a Newark, DE apartment is 905 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, DE Apartment Rent Ranges
- > $2,0004%
Newark, DE Occupied Housing Units
- Renter-occupied Households52%
- Owner-occupied Households47%
5,584 or 52% of the households in Newark, DE are renter-occupied while 5,042 or 47% are owner-occupied.
Newark, DE Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Newark, DE By Neighborhood
How Newark Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Newark rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!