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City Report · CA

Newark

Pop. 46,903·95th most expensive in California·One of the pricier rental markets in the US
Median rent (all units)
$3,371/mo
Year-over-Year
+1.6%
Month-over-Month
+1.6%
vs US Median
+$1,406
Rising (Monthly)
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Most AffordableMost Expensive
Newark · $3,371
More expensive than 95% of US cities · National median $1,965/mo
Rent Reality Score
58/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Newark's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$3,371/mo
Expected by trend
$3,520/mo
The Rent Reality Score compares today's median rent to where Newark's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,990
1 BR
$2,270
2 BR
$2,760
3 BR
$3,530
4 BR+
$4,200
Research median
$2,760/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$40,452/yr
At $3,371/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.6% YoY, +1.6% MoM), not inventory.
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Demographics

Who lives here

Newark, CA is majority owner-occupied, has a median income above the national average, 48.1% of residents hold a bachelor's degree or higher.

Population
46,903
Median income
$169,064
Median age
37.9
Renters
30.6%
Age distribution
18.3%
25.3%
28.9%
14.4%
13.1%
Under 1818.3%
18–3425.3%
35–5428.9%
55–6414.4%
65+13.1%
Gender
52.4%
47.6%
Male52.4%
Female47.6%
Race & ethnicity
20%
27.2%
46.7%
White20%
Black3.3%
Hispanic27.2%
Asian46.7%
Other2.7%
Education (25+)
18.4%
23.5%
48.1%
No HS diploma10.1%
HS diploma18.4%
Some college23.5%
Bachelor's+48.1%
Housing tenure
69.4%
30.6%
Owner69.4%
Renter30.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Newark, CA has changed in 5 years

Rent
$2,961 → $3,371
up 13.8%
Income
$144,011 → $169,064
up 17.4%
Population
47,815 → 46,903
down 1.9%
Renter share
32.2% → 30.6%
-1.6 pts
Bachelor's+
41% → 48.1%
+7.1 pts
Median age
36.5 → 37.9
+1.4 yrs

Compared with 2021, rent in Newark, CA has increased by $410 per month, settling near $3,371 after starting the period at $2,961. Census figures show median household income at $169,064 today, compared with $144,011 five years earlier. Income growth outran rent by about 3.6 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 47,815 to 46,903 between 2021 and 2024, a 1.9% change. About 30.6% of households rent today, against 32.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 41% to 48.1%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Newark

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View Newark rent history (2015–2026) →
Salary vs rent

Can you afford rent in Newark on your salary?

At $3,371/mo, how Newark rent compares to typical pay (30% rule).

By apartment size

Newark rent by bedroom count

Median rent for each apartment size in Newark. Click any size for full breakdown.

Local insights

Tips for renters in Newark

About renting in Newark, CA

Last updated: July 20, 2026

The median rent in Newark is $3,371/mo as of July 2026. A studio apartment averages $1,990/mo while a 2-bedroom runs $2,760/mo. One-bedroom apartments average $2,270/mo and 3-bedroom units go for $3,530/mo.

At 24% of local median household income ($169,064/yr), Newark ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

Is Newark an affordable city for renters?

Newark is considered very affordable for renters. At $3,371/mo, rent takes approximately 24% of the local median household income ($169,064/yr). The standard benchmark is 30%. Newark falls comfortably within that range.

How much income do you need to rent in Newark?

To keep rent at or below 30% of gross income, you would need to earn at least $135,000/year (~$65/hour full-time) to afford the median rent of $3,371/mo in Newark. The local median household income is $169,064/yr, meaning the typical Newark household meets that threshold.

Is rent going up or down in Newark?

Rent in Newark has increased 1.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Newark rent compare to other cities in California?

Newark is one of the pricier cities in California for rent, ranking #95 out of 387 tracked cities at $3,371/mo.

Which nearby cities are cheaper to rent in than Newark?

Several nearby cities have lower median rents than Newark ($3,371/mo): Union City ($2,867/mo), Fremont ($3,308/mo).

What percentage of Newark residents rent vs. own?

According to Census data, approximately 30.6% of Newark households are renters, while 69.4% are owner-occupied. Newark leans toward homeownership, which can mean a smaller rental inventory.

How does Newark rent compare to the national average?

Newark's median rent of $3,371/mo is $1,406 (72%) above the US national median of $1,965/mo. Within California, it ranks #95 out of 387 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $3,371/mo, rent takes ~24% of Newark's median household income ($169,064/yr). The standard benchmark is 30%.

Newark 24%Benchmark 30%
State income tax1–13.3%
Run the Newark affordability calculator →
Lowest-rent ZIP codes in Newark
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Newark, CA

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