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City Report · PA

Newtown Square

·1st most expensive in Pennsylvania·One of the pricier rental markets in the US
Median rent (all units)
$3,222/mo
Year-over-Year
Stable
Month-over-Month
+9.4%
vs US Median
+$1,260
Rising (Monthly)
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Most AffordableMost Expensive
Newtown Square · $3,222
More expensive than 93% of US cities · National median $1,962/mo
Affordability
54% of income
EXPENSIVE
0%30% benchmark60%+

At $3,222/mo, rent takes about 54% of the US median household income, well above the 30% benchmark.

Income to afford
$129,000/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 $3,222 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: August 17, 2026

Annual cost
$38,664/yr
At $3,222/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, +9.4% MoM), not inventory.
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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 $3,222/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: August 17, 2026

The median rent in Newtown Square is $3,222/mo as of August 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 54% 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

Is Newtown Square an affordable city for renters?

Newtown Square is considered expensive for renters. At $3,222/mo, rent takes approximately 54% of the US median household income ($72,000/yr). The standard benchmark is 30%. Newtown Square significantly exceeds that threshold, making it challenging for many renters.

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 $129,000/year (~$62/hour full-time) to afford the median rent of $3,222/mo in Newtown Square.

Is rent going up or down in Newtown Square?

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

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

Newtown Square is one of the pricier cities in Pennsylvania for rent, ranking #1 out of 169 tracked cities at $3,222/mo.

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

Several nearby cities have lower median rents than Newtown Square ($3,222/mo): Devon ($1,954/mo), Wayne ($2,115/mo), Paoli ($2,343/mo).

How does Newtown Square rent compare to the national average?

Newtown Square's median rent of $3,222/mo is $1,260 (64%) above the US national median of $1,962/mo. Within Pennsylvania, it ranks #1 out of 169 tracked cities.
Income Affordability
54%
EXPENSIVE

At $3,222/mo, rent takes ~54% of US median household income ($72,000/yr). The standard benchmark is 30%.

Newtown Square 54%Benchmark 30%
State income tax3.07%
Run the Newtown Square affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

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Public schools near Newtown Square, PA

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