The Villas Apartments
21 Villas Dr,
New Castle, DE 19720
$1,335 - $2,155
1-2 Beds
Rental Market Trends in Newark, DE
What is the average rent in Newark, DE?
$1,470/month
Average Rent
742 Sq Ft
Average Apartment Size
-3%
Decrease in the Last Year
As of April 2026, the average rent in Newark, DE is $1,470 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Newark rent prices are 10% lower than the national average. When you rent an apartment in Newark, you can expect to pay about $1,273 per month for a studio, $1,470 for a one-bedroom apartment, and around $1,647 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,126 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Newark, DE?
In the past year, rent has decreased by 3%, which averages out to $44 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Newark, DE
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
44%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
16%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Newark?
Based on current rent prices, Delaplane Manor, Harmony Woods and Traditions at Christiana are the most affordable neighborhoods in Newark.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Newark?
Based on current rent prices, Pencader Village, Four Seasons Townhouses and Traditions at Christiana are the most expensive neighborhoods in Newark.
Neighborhood
Average Rent
Average Sq Ft
Which Newark neighborhoods have the most rentals available?
The neighborhoods in Newark with the most apartments available are Harmony Woods, Delaplane Manor and Traditions at Christiana .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Newark, DE?
Because the average rent in Newark is $1,470, you’ll want to make about $4,900 per month or $58,800 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Newark, DE compare to other nearby cities and neighborhoods?
Use the tool below to compare Newark, DE to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Newark we think you'll love
Property Management Companies in Newark, DE
Capano Management
-
39
Communities
-
7,794
Units
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16
Cities
11 Communities in Newark
AION Partners
-
53
Communities
-
18,352
Units
-
38
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4 Communities in Newark
Montium Properties
-
27
Communities
-
4,813
Units
-
12
Cities
4 Communities in Newark
Buccini/Pollin Group, Inc.
-
33
Communities
-
6,881
Units
-
8
Cities
4 Communities in Newark
The Galman Group
-
19
Communities
-
4,928
Units
-
14
Cities
3 Communities in Newark
Oakmark Management
-
18
Communities
-
2,537
Units
-
12
Cities
3 Communities in Newark
Capital Management Group
-
10
Communities
-
2,716
Units
-
6
Cities
2 Communities in Newark
Sovereign Property Management
-
10
Communities
-
1,893
Units
-
6
Cities
2 Communities in Newark
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.