Rentometer, Inc. | Data as of 10/22/2025
Newark, Delaware, blends historic charm with a vibrant, student‑focused atmosphere, making it a sought‑after destination for renters of all lifestyles. Anchored by the University of Delaware, the city offers easy access to cultural venues, thriving dining districts along Main Street, and natural retreats such as Iron Hill Park and the Delaware River waterfront. Excellent connectivity via I‑95 and public transit ensures commuters can reach nearby Wilmington, Philadelphia, and Baltimore with ease, while local bike paths and walkable neighborhoods support an active, eco‑friendly lifestyle. These appealing attributes help sustain a dynamic rental market that balances modern apartments with classic single‑family homes across a variety of neighborhoods, including Downtown, College Hill, and the historic Hillyard district.
The rental inventory in Newark spans studios, one‑ to four‑plus bedroom apartments, and a full range of houses, catering to students, young professionals, and growing families alike. Studio apartments typically rent in the $1800s with median rates near $2000, while one‑ and two‑bedroom units often fall within the $1700s to $1800s range. Larger three‑bedroom apartments command premium prices in the $2800–$3200 bracket. For those preferring a house, one‑bedroom options hover in the $2000s, two‑bedroom homes are commonly found in the $1500s, and three‑ to four‑plus bedroom families can expect rent in the $2400s to $2600s. This variety, combined with convenient amenities, proximity to campus, and a welcoming community vibe, makes Newark a compelling choice for renters seeking both affordability and quality of life in the heart of Delaware.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,831 | $1,972 | $1,429 - $2,094 | $1,429 - $2,094 |
| Apartment | 1 Bedroom | $1,711 | $1,504 | $1,100 - $2,575 | $1,338 - $2,340 |
| Apartment | 2 Bedroom | $1,838 | $1,641 | $790 - $3,000 | $1,520 - $2,095 |
| Apartment | 3 Bedroom | $2,849 | $2,965 | $1,800 - $3,785 | $1,855 - $3,727 |
| Apartment | 4+ Bedroom | $885 | $840 | $825 - $1,035 | $825 - $1,035 |
| House | 1 Bedroom | $2,058 | $1,724 | $950 - $3,500 | $950 - $3,500 |
| House | 2 Bedroom | $1,478 | $1,487 | $800 - $2,200 | $1,400 - $1,600 |
| House | 3 Bedroom | $2,378 | $2,362 | $1,600 - $3,100 | $2,100 - $2,800 |
| House | 4+ Bedroom | $2,626 | $2,700 | $300 - $4,750 | $2,500 - $3,000 |
In the current period, the average rent in Newark was $1,832 for Studio, $1,753 for 1 Bedroom, $1,726 for 2 Bedroom, $2,446 for 3 Bedroom, and $2,544 for 4+ Bedroom.
Data provided by Rentometer, Inc.