Apartments in Fairway Falls Newark

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20
$2,200
Wilmington, DE
3 BR | Jan. 1, 2025
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Dog Friendly
Balcony/Deck/Patio
Storage
Dishwasher
Fairway Falls
22
$1,499 - 1,797
5501 31 Limeric Circle Wilmington, DE
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
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Fitness Center
1
$2,050
4736 Weatherhill Dr Wilmington, DE
2 BR | Available Now
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House
1
$1,650
1747 Braken Ave Wilmington, DE
2 BR | Jan. 10, 2025
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1
$1,900
5107 W Woodmill Dr Wilmington, DE
2 BR | Dec. 27, 2024
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Dog Friendly
Cat Friendly
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1
$2,595
111 Pumpkin Patch Ln Hockessin, DE
3 BR | Available Now
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Newark:
December Rent Report

Welcome to the December 2024 Newark Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Newark rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Newark and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Newark average rent prices in the chart below.

Monthly Rent Report

$2,300
$1,730
$1,150
$580
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Newark Rent Prices Decrease From November to December

Newark rent prices decreased over the last month. From November to December, the city experienced a -2.79% decrease for the price of a one-bedroom apartment. The rent price for a Newark one-bedroom apartments currently stands at $1,497.0.

When we take a look at the two-bedroom comparison from November to December, Newark experienced a 1.35% increase for the price of a two-bedroom apartment. The rent price for a Newark two-bedroom apartments currently stands at $1,732.0.

December Prices: Newark vs. Surrounding Areas

Rent Prices in Newark and Surrounding Areas

Rent prices have decreased in Newark over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Newark suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Newark suburbs

  • Rents did not decrease in any of the Newark suburbs.

December 2024 Pricing Trends: Newark vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Newark Rent Prices More Affordable Than Major Cities

Rent growth in Newark over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Newark average rent prices appear to be relatively affordable for local residents.

The price for a Newark one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Newark and surrounding area rent prices, take a look at the complete data set below.

Data set for Newark and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.