If you are looking for a rental unit in Newark, be prepared to pay between $1,400 and $2,400 a month, depending on what you need.
The median monthly rent right now in Newark for all sizes of condominiums and homes listed through real estate agencies is about $1,650, according to the multiple listing sources that local agents use. It does not include owner listings on sites such as craigslist.
Here are the median rents in Newark for different size residences.
1 Bedroom: $1,400
2 Bedroom: $1,684
3 Bedroom: $2,000
4 Bedroom: $2,400
An example is the three-bedroom, 1.5-bathroom home at 36581 Beutke Drive. The 1,073-square-foot residence is listed as renting for $1,950 a month.
Rachael Hand, a broker associate with Coldwell Banker, said rents are on the rise in part because people who have gone through short sales and foreclosures are renting because they cannot currently qualify for a home loan.
This information was provided by Rachael Hand, Broker Associate, Coldwell Banker and Director for the Contra Costa Board of Realtors. You can reach her at 925-372-8080 or rachael.hand@cbnorcal.com
