Rents are right about where Newark's 10-year trend predicts.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,036 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
March. Asking rents in Newark usually run 0.6% below trend in March and 0.6% above it in September, about $24 a month apart at today's median. Based on 11 years of data.
Rent in Newark is 0.2% below its high of $2,040 in August 2026, at $2,036 as of September 2026.
From 2019 to 2024, rent in Newark rose 45.2% while median household income rose 31.6% ($58,434 to $76,912). Rent outpaced income.
Rent in Newark is 53% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 9 of the last 12 months.
30% of the median household income ($76,912) is $1,923 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,800); a 3-bedroom is $2,167.
The priciest of 3 ZIP codes in Newark, 19713 ($2,037/mo), costs 1% more than the cheapest, 19702 ($2,022/mo).
New Castle, 7 miles away, rents for 17% less ($1,682/mo), about $4,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Newark. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Newark, DE is roughly split between renters and owners, skews toward younger working-age adults, 58.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Newark, DE has changed in 5 years
The median rent in Newark, DE stood at $1,449 in 2021 and currently runs about $2,036, reflecting a 40.5% increase over the period. Census figures show median household income at $76,912 today, compared with $61,646 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 3.4% since 2021, moving from about 31,393 residents to roughly 30,330. College-educated residents now make up 58.2% of adults here, versus 55% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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At $2,036/mo, how Newark rent compares to typical pay (30% rule).
Newark rent by bedroom count
Median rent for each apartment size in Newark. Click any size for full breakdown.
Tips for renters in Newark
Last updated: October 17, 2026
The median rent in Newark is $2,036/mo as of October 2026. A studio apartment averages $1,370/mo while a 2-bedroom runs $1,800/mo. One-bedroom apartments average $1,510/mo and 3-bedroom units go for $2,167/mo.
At 32% of local median household income ($76,912/yr), Newark ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Newark?
At $2,036/mo, rent takes ~32% of Newark's median household income ($76,912/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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