Iron Hill Apartments
2 Burleigh Ct,
Newark, DE 19702
1-3 Beds | $1,299 - $2,049
Rental Market Trends in Newark, DE
What is the average rent in Newark, DE?
$1,431/month
Average Rent
746 Sq Ft
Average Apartment Size
+4.4%
Increase in the Last Year
As of December 2024, the average rent in Newark, DE is $1,431 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Newark rent prices are 8% lower than the national average. When you rent an apartment in Newark, you can expect to pay about $1,201 per month for a studio, $1,431 for a one-bedroom apartment, and around $1,634 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,012 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Newark, DE?
In the past year, rent has increased by 4.4%, which averages out to $64 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Newark, DE
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
3%
$700 - $1,000/month
47%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
16%
Above $2,000/month
What salary do I need to live comfortably in Newark, DE?
Because the average rent in Newark is $1,431, you’ll want to make about $4,770 per month or $57,240 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Newark, DE compare to other nearby cities and neighborhoods?
Use the tool below to compare Newark, DE to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Newark we think you'll love
Property Management Companies in Newark, DE
Capano Management
-
35
Communities
-
7,317
Units
-
14
Cities
10 Communities in Newark
AION Management
-
60
Communities
-
19,457
Units
-
38
Cities
4 Communities in Newark
The Galman Group
-
37
Communities
-
6,782
Units
-
18
Cities
4 Communities in Newark
Montium Properties
-
24
Communities
-
4,769
Units
-
13
Cities
4 Communities in Newark
Buccini/Pollin Group, Inc.
-
25
Communities
-
5,548
Units
-
5
Cities
4 Communities in Newark
Oakmark Management
-
18
Communities
-
2,646
Units
-
12
Cities
3 Communities in Newark
Sovereign Property Management
-
12
Communities
-
2,001
Units
-
7
Cities
2 Communities in Newark
Capital Management Group
-
10
Communities
-
2,716
Units
-
6
Cities
2 Communities in Newark
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.