Newark, OH Rental Market Trends
Highlights
The average rent for an apartment in Newark is $742, a 5% increase compared to the previous year, when the average rent was $705.
Average Rent in Newark, OH
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $742 | 5% | 839 sq. ft. |
The average size for a Newark, OH apartment is 839 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, OH Apartment Rent Ranges
- < $5009%
- $501-$70044%
- $701-$1,00036%
- $1,001-$1,50010%
Newark, OH Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
9,003 or 36% of the households in Newark, OH are renter-occupied while 15,587 or 63% are owner-occupied.
Newark, OH Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Jan / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Newark, OH | $694 | $693 | $694 | $694 | $690 | $705 | $706 | $723 | $742 |
| National | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,474 |
How Newark Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Cincinnati | $1,022 | 5% |
| Columbus | $945 | 3% |
| Dayton | $801 | 7% |
| Northwest Ohio | $784 | 5% |
| Cleveland | $1,091 | 2% |
| Newark City | $742 | 5% |
| Newark | $742 | 5% |
| Heath | $826 | 1% |
For more information about the Newark rental trends, check out our monthly rent report
Check out Ohio Cities, Ohio Neighborhoods and Ohio Zip Codes for more details on verified listings, including the Ohio Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!