Starting at $1,025 Per Month
- 1 - 3 Beds
1420 Londondale Pkwy, Newark, OH 43055
Please call or email Londondale Village Apts, for upcoming availability.
Londondale Village
(380) 210-5575
Frequently Asked Questions
How much does it cost to rent a home in Newark, OH?
The median rent for a home in Newark, OH is $1,300 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Newark, OH?
To comfortably afford the median rent in Newark, OH, 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, OH, 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, OH?
In Newark, OH, the price-to-rent ratio is 16.6, 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.
What neighborhoods in Newark, OH are best for renting a home?
The best neighborhood for renting in Newark, OH depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Harrison, Taylor Ridge, East Broad and Gahanna-Havens Corners, each with its own character and price range.
