City Report · FL

Newberry

Pop. 7,865·129th most expensive in Florida·Rental market data updated monthly for Newberry, FL
Median rent (all units)
$2,191/mo
Year-over-Year
+2.4%
Month-over-Month
+0.8%
vs US Median
+$259
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Newberry · $2,191
More expensive than 69% of US cities · National median $1,932/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $2,191/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$88,000/yr
Local median income
$89,552/yr
Based on the 30%-of-income rule using Newberry's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,400
2 BR
$1,700
3 BR
$2,160
4 BR+
$2,250
Fair Market Rent (HUD)
$1,700/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,191 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 →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Florida

Rent in Newberry changed +2.4% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 9 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($89,552) is $2,239 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,160); a 4-bedroom is $2,250.

Cheaper nearby

Gainesville, 13 miles away, rents for 26% less ($1,618/mo), about $6,900 a year in savings.

From Zillow's monthly rent index (ZORI) for Newberry. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$26,292/yr
At $2,191/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.4% YoY, +0.8% MoM), not inventory.
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Demographics

Who lives here

Newberry, FL is majority owner-occupied, has a median income above the national average, 38.3% of residents hold a bachelor's degree or higher.

Population
7,865
Median income
$89,552
Median age
36.4
Renters
6.6%
Age distribution
24.5%
24.3%
25.4%
13%
12.8%
Under 1824.5%
18–3424.3%
35–5425.4%
55–6413%
65+12.8%
Gender
52.5%
47.5%
Male52.5%
Female47.5%
Race & ethnicity
61.8%
18.3%
18.4%
White61.8%
Black18.3%
Hispanic18.4%
Asian3.3%
Education (25+)
21.2%
38.7%
38.3%
No HS diploma1.8%
HS diploma21.2%
Some college38.7%
Bachelor's+38.3%
Housing tenure
93.4%
Owner93.4%
Renter6.6%

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

2021 vs 2026

How Newberry, FL has changed in 5 years

Income
$71,734 → $89,552
up 24.8%
Population
7,261 → 7,865
up 8.3%
Renter share
14.1% → 6.6%
-7.5 pts
Bachelor's+
28.8% → 38.3%
+9.5 pts

Household income in the area moved from $71,734 to $89,552 across the same window, up 24.8% versus 2021. The population has grown by 8.3% since 2021, moving from about 7,261 residents to roughly 7,865. Renters now make up 6.6% of households, compared with 14.1% five years ago. College-educated residents now make up 38.3% of adults here, versus 28.8% in 2021.

Community

Discussions about Newberry

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

Can you afford rent in Newberry on your salary?

At $2,191/mo, how Newberry rent compares to typical pay (30% rule).

By apartment size

Newberry rent by bedroom count

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

Local insights

Tips for renters in Newberry

About renting in Newberry, FL

Last updated: October 17, 2026

The median rent in Newberry is $2,191/mo as of October 2026. A studio apartment averages $1,260/mo while a 2-bedroom runs $1,700/mo. One-bedroom apartments average $1,400/mo and 3-bedroom units go for $2,160/mo.

At 29% of local median household income ($89,552/yr), Newberry ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Newberry?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (about $42/hour full-time) to afford the median rent of $2,191/mo in Newberry. The local median household income is $89,552/yr, so the typical household meets that bar.

Is rent going up or down in Newberry?

Rent in Newberry has risen 2.4% over the past year.

How does Newberry rent compare to other cities in Florida?

Newberry is in the middle among Florida cities for rent, ranking #129 of 289 tracked cities at $2,191/mo. Over the year to September 2026, rent in Newberry changed +2.4%, against a typical +1.8% across the 270 Florida cities Zillow tracks.

Which nearby cities are cheaper to rent in than Newberry?

Nearby cities with lower median rent than Newberry ($2,191/mo) include Lake City ($1,506/mo), Ocala ($1,584/mo), and Gainesville ($1,618/mo).
Income Affordability
29%
AFFORDABLE

At $2,191/mo, rent takes ~29% of Newberry's median household income ($89,552/yr). The standard benchmark is 30%.

Newberry 29%Benchmark 30%
State income taxNone
Run the Newberry affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Newberry, FL

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