Newell renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Newell is about $976 per month. This puts it in the 93rd percentile compared to the state average cost of rent, which is $846. Households in Newell have a median income of $4,487 per month so the average renter in Newell is spending roughly 22% of their earnings on housing.
Nationally, and in Newell, home values are the data point most closely correlated with the cost of rent. The median price of a home in Newell is $138,907 right now, which is lower than nearby cities, meaning that rents in Newell also tend to be lower versus these nearby cities.
Higher rent prices are common in the southwestern parts of Newell while lower rent rates are often available in central areas.
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