Popular Zip Codes
Newark, NJ Demographics
- Total Population282,803
Female 139,738Male 143,065
- Median Age33.6
Average Rent in Newark, NJ
- Newark, NJ Average Rental Price, December 2019 $1,222 /mo
Newark, NJ Apartment Rent Ranges
- < $5001%
- > $2,0008%
Newark, NJ Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Dec / 2019|
Average rent is projected to grow by 2% in 2019 compared to 2018.
Please note that projected rent growth is calculated at city level.
Newark, NJ Households
- Total Number of Households95,316
Family 58,368Non-family 36,948
Children 34,884No Children 60,432
- Average People Per Household2.83
- Median Household Income$34,826
- Median Housing Costs Per Month$1,097
Newark, NJ Education Statistics
- No High School12%
- Some High School48%
- Some College21%
- Associate Degree5%
- Bachelor Degree10%
- Graduate Degree4%
Renting a 3 bedroom apartment in Newark, NJ
Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,022 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Newark, NJ, rents on 3 bedroom apartments go up to $2,800. 8 rental properties offer 3 bedroom units in Newark, NJ to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.
Tips on finding a cheap 3 bedroom apartment in Newark, NJ
For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $1,057 in Newark, NJ, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.