City Report · PA

Newtown Square

·1st most expensive in Pennsylvania·One of the pricier rental markets in the US
Median rent (all units)
$3,314/mo
Year-over-Year
Stable
Month-over-Month
+1.1%
vs US Median
+$1,382
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Newtown Square · $3,314
More expensive than 94% of US cities · National median $1,932/mo
Affordability
55% of income
EXPENSIVE
0%30% benchmark60%+

At $3,314/mo, rent takes about 55% of the US median household income, well above the 30% benchmark.

Income to afford
$133,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Newtown Square's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,720
1 BR
$1,900
2 BR
$2,260
3 BR
$2,720
4 BR+
$3,100
Fair Market Rent (HUD)
$2,260/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,314 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

Annual cost
$39,768/yr
At $3,314/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.1% MoM), not inventory.
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Community

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View Newtown Square rent history (2015–2026) →
Salary vs rent

Can you afford rent in Newtown Square on your salary?

At $3,314/mo, how Newtown Square rent compares to typical pay (30% rule).

By apartment size

Newtown Square rent by bedroom count

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

Local insights

Tips for renters in Newtown Square

About renting in Newtown Square, PA

Last updated: October 17, 2026

The median rent in Newtown Square is $3,314/mo as of October 2026. A studio apartment averages $1,720/mo while a 2-bedroom runs $2,260/mo. One-bedroom apartments average $1,900/mo and 3-bedroom units go for $2,720/mo.

At 55% of estimated US median household income ($72,000/yr), Newtown Square ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Newtown Square?

To keep rent at or below 30% of gross income, you would need to earn at least $133,000/year (about $64/hour full-time) to afford the median rent of $3,314/mo in Newtown Square.

Is rent going up or down in Newtown Square?

Rent in Newtown Square has been roughly flat over the past year, a 0.0% change.

How does Newtown Square rent compare to other cities in Pennsylvania?

Newtown Square is one of the pricier among Pennsylvania cities for rent, ranking #1 of 161 tracked cities at $3,314/mo.

Which nearby cities are cheaper to rent in than Newtown Square?

Nearby cities with lower median rent than Newtown Square ($3,314/mo) include Devon ($1,905/mo), Wayne ($2,108/mo), and Paoli ($2,394/mo).
Income Affordability
55%
EXPENSIVE

At $3,314/mo, rent takes ~55% of US median household income ($72,000/yr). The standard benchmark is 30%.

Newtown Square 55%Benchmark 30%
State income tax3.07%
Run the Newtown Square affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Newtown Square, PA

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