Newton 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 Newton is about $655 per month. This puts it in the 38th percentile compared to the state average cost of rent, which is $877. Households in Newton have a median income of $3,407 per month so the average renter in Newton is spending roughly 19% of their earnings on housing.
Nationally, and in Newton, home values are the data point most closely correlated with the cost of rent. The median price of a home in Newton is $78,746 right now, which is lower than nearby cities, meaning that rents in Newton also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Newton while lower rent rates are often available in central areas.
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