Apartments & Homes for Rent in Newark, DE

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What to Know About

Life in Newark & Beyond

Newark shares many of the great qualities that make Delaware a desirable place to live.

Delaware, known as the "First State," is charming, with stunning beaches, quaint towns, and a rich historical heritage. Take a step back in time and explore the state's vast museums and cultural attractions, like the First State Heritage Park and the Zwaanendael Museum. In addition, the University of Delaware and Delaware State University offer exceptional learning opportunities for those seeking higher education. Delaware's economy thrives on industries like finance, chemical production, and agriculture. These industries play a vital role in driving the state's economy, providing ample job opportunities for residents.

But Delaware is not just about work. It also offers endless opportunities for outdoor recreation, from fishing in the Delaware Bay to hiking in the state parks. You can also explore famous attractions like the Hagley Museum and Library, the Winterthur Museum, and the historic town of Lewes. For those seeking more entertainment and interests, the Delaware Theatre Company, the Delaware Museum of Natural History, and Dewey and Rehoboth beach towns are just a few examples of the many activities available.

Delaware offers beautiful beaches, picturesque towns, rich history, and a unique blend of urban vibrancy and coastal charm, making it a great place to call home.

Rental Market Trends

Newark, DE

As of April 2025, Newark's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Newark's average rent is 3.9% ($70) lower than the Delaware average of $1,818 and 2.8% ($51) lower than the U.S. average of $1,799.

Average Rent
$1,748
Monthly ChangeMonth Over Month Change
Decreased2.1% ($37)
Yearly ChangeYear Over Year Change
Increased5.2% ($87)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,673 Decreased1.9% ($32) Increased21.9% ($301)
2 Beds $1,842 Decreased8.1% ($162) Increased13.2% ($215)
3 Beds $2,541 Increased6% ($143) Increased30.4% ($593)
Nearby Cities Average Rent Avg. Rent vs. NewarkAverage Rent vs. Newark Avg. Days on MarketAverage Days on Market
New Castle $1,659 Decreased5.1% ($89) 30 days
Bear $2,127 Increased21.7% ($379) 29 days
Elkton $1,973 Increased12.9% ($225) 26 days
Wilmington $1,668 Decreased4.6% ($80) 35 days
Chadds Ford $2,437 Increased39.4% ($689) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Newark Rental Market FAQs

Explore rental prices, market trends, and availability in Newark, DE.

The average rent in Newark, DE is $1,748 per month.
Homes in Newark typically rent for between $1,171 and $3,303 per month, with an average of $1,748 per month.
In Newark, the average rent for a 1-bedroom home is $1,673 per month, for a 2-bedroom home, $1,842 per month, and a 3-bedroom home is $2,541 per month.
The average rent in Newark is 2.8% ($51) lower than the national average of $1,799 per month.
The average rent in Newark has decreased by 2.1% ($37) in the last month and increased by 5.2% ($87) over the past year.
The rental market in Newark, DE, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Newark, DE, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 40 rental properties available in Newark, DE.
Based on the current averages, a household would need an annual income of $73,680 to comfortably afford a 2-bedroom home in Newark.
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