Overview of Newark
The quaint town of Newark, Del., is located about 14 miles southwest of Wilmington. In downtown Newark apartments for rent you will find a community that has been newly renovated. The Center Square and Main Street Plaza are just two spots in this historic area that are home to commercial real estate on their first level, with residential housing on the upper floors.
Living in Newark
No matter the season, residents of Newark apartments for rent can keep a busy social schedule. With events like Newark's Annual Wine and Dine Downtown and Spring Community Clean Up, the city's residents know how to stay active and social.
Along Main Street in downtown Newark, you will find more than 80 different boutiques and nearly as many award-winning dining options. Not only are there apartments for rent in Newark near the active city amenities, but the area also has great outdoor recreational activities to take advantage of. The local facilities have playgrounds and picnic shelters for everyone to enjoy, in addition to tennis and basketball courts, baseball fields and swimming pools.
Newark Apartments and Cost of Living
When looking at Newark apartments for rent, you should know that the cost of living is 15.4 percent greater than the average in Delaware. With median rental rates that are just 0.2 percent greater than the Delaware average (according to AreaVibes), you will have no problem finding your next apartment to call home.
The Newark Housing Authority provides a Public Housing Program for residents of the area that are seeking out low income apartments for rent in Newark. In addition, the city also has a Housing Choice Voucher Program for eligible families. With a number of options throughout the city, you will find many affordable housing options.
Apartments in Newark Work and Study
In March 2012, the unemployment rate in Newark was only 5.0 percent. Although the Fortune 500 company SLM Corporation is headquartered in the city, many professionals living in apartments in Newark find careers in the education, health and social services.
The large campus of the University of Delaware takes up a large portion of the downtown area. With an on-campus housing capacity that is just more than 7,000, there are many students living in Newark apartments located throughout the city. This creates a competitive rental market, with apartments becoming available on a regular basis.