Newton Square 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 Square is about $1,035 per month. This puts it in the 13th percentile compared to the city average cost of rent, which is $1,268. Households in Newton Square have a median income of $7,392 per month so the average renter in Newton Square is spending roughly 14% of their earnings on housing.
Nationally, and in Newton Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Newton Square is $338,638 right now, which is higher than nearby neighborhoods, meaning that rents in Newton Square also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the southeastern parts of Newton Square while lower rent rates are often available in northwestern areas.
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