How much does it cost to rent in Newton, IA?

As of July 2026, the median monthly rent in Newton, IA is $962. This figure is based on aggregated data from public sources and community-submitted rents.

Is Newton cheaper than other Iowa cities?

Newton is among the more affordable cities in Iowa, ranking #26 out of 32 cities at $962/mo.

When was Newton rent data last updated?

Newton rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IA

Newton

Name: Average Rent Prices in Newton, IA
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 15,700·26th most expensive in Iowa·One of the most affordable rental markets in the US

Median rent (all units)

$962/mo

Year-over-Year

Stable

Month-over-Month

+8.5%

vs US Median

-$1,003

Rising (Monthly)

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Most AffordableMost Expensive

Newton · $962

More affordable than 98% of US cities · National median $1,965/mo

Affordability

20% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $962/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$38,000/yr

Local median income

$57,771/yr

Based on the 30%-of-income rule using Newton's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$710

1 BR

$710

2 BR

$920

3 BR

$1,270

4 BR+

$1,290

Research median

$920/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$11,544/yr

At $962/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +8.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Newton, IA is majority owner-occupied, has a large retiree population, has a median income below the national average, 19.5% of residents hold a bachelor's degree or higher.

Population

15,700

Median income

$57,771

Median age

42.6

Renters

38.5%

Age distribution

20.8%

19.6%

24.3%

13.7%

21.5%

Under 1820.8%

18–3419.6%

35–5424.3%

55–6413.7%

65+21.5%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

87.9%

White87.9%

Black1.5%

Hispanic5.7%

Other4.8%

Education (25+)

42.2%

31.5%

19.5%

No HS diploma6.8%

HS diploma42.2%

Some college31.5%

Bachelor's+19.5%

Housing tenure

61.5%

38.5%

Owner61.5%

Renter38.5%

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

2021 vs 2026

How Newton, IA has changed in 5 years

Income

$51,026 → $57,771

up 13.2%

Population

15,688 → 15,700

up 0.1%

Renter share

30.7% → 38.5%

+7.8 pts

Bachelor's+

16.5% → 19.5%

+3.0 pts

Median age

40.6 → 42.6

+2.0 yrs

Household income in the area moved from $51,026 to $57,771 across the same window, up 13.2% versus 2021. The renter share has risen from 30.7% to 38.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 16.5% to 19.5% across the same window.

Community

Discussions about Newton

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View Newton rent history (2015–2026) →

Salary vs rent

Can you afford rent in Newton on your salary?

At $962/mo, how Newton rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 13.3% income

very comfortable

Elementary School Teacher

Avg $61,714/yr · Rent = 18.7% income

very comfortable

Police Officer

Avg $71,088/yr · Rent = 16.2% income

very comfortable

Software Developer

Avg $127,061/yr · Rent = 9.1% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 7.1% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 20% income

very comfortable

Truck Driver

Avg $52,173/yr · Rent = 22.1% income

affordable

Electrician

Avg $64,308/yr · Rent = 18% income

very comfortable

By apartment size

Newton rent by bedroom count

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

Local insights

Tips for renters in Newton

About renting in Newton, IA

Last updated: July 20, 2026

The median rent in Newton is $962/mo as of July 2026. A studio apartment averages $710/mo while a 2-bedroom runs $920/mo. One-bedroom apartments average $710/mo and 3-bedroom units go for $1,270/mo.

At 20% of local median household income ($57,771/yr), Newton ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Newton an affordable city for renters?

Newton is considered very affordable for renters. At $962/mo, rent takes approximately 20% of the local median household income ($57,771/yr). The standard benchmark is 30%. Newton falls comfortably within that range.

How much income do you need to rent in Newton?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (~$18/hour full-time) to afford the median rent of $962/mo in Newton. The local median household income is $57,771/yr, meaning the typical Newton household meets that threshold.

Is rent going up or down in Newton?

Rent in Newton has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Newton rent compare to other cities in Iowa?

Newton is one of the more affordable cities in Iowa for rent, ranking #26 out of 32 tracked cities at $962/mo.

Which nearby cities are cheaper to rent in than Newton?

Several nearby cities have lower median rents than Newton ($962/mo): Marshalltown ($930/mo), Knoxville ($941/mo).

What percentage of Newton residents rent vs. own?

According to Census data, approximately 38.5% of Newton households are renters, while 61.5% are owner-occupied. Newton leans toward homeownership, which can mean a smaller rental inventory.