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Newark, NY House for Rent

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    $1,050 Per Month

    • 3 Beds
    • 1 Bath
    • 900 Sq Ft
    • House for Rent

    132 Prospect St, Newark, NY 14513

    Newly renovated 3 bedroom apartment available July 15th . Must have verifiable income and good rental history. Must have stable income for minimum of two years.Monthly Gross Income must be 3x the monthly rent. Security Deposit ($1050 minimum) and first months rent due prior to move-in. Email or Text - ***Anonymous Texts/ Emails will Not Be Replied

    132 Prospect St, Newark, NY 14513

Frequently Asked Questions

How much does it cost to rent a single-family home in Newark, NY?
The median rent for a single-family home in Newark, NY is $1,450 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Newark, NY?
To comfortably afford the median rent in Newark, NY, a household needs to earn roughly $52,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,300 per month in Newark, NY, renters typically need to show $3,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Newark, NY?
In Newark, NY, the price-to-rent ratio is 13.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Newark, NY

Rental Home Trends

Number of Houses for Rent
1
Median Single Family Home Rent
$1,450
Median 3 Bedroom Single Family Home Rent
$1,450
How to Rent a Home