Newark, NJ Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Newark is $1,746, a 7.54% increase compared to the previous year, when the average rent was $1,623.
Studio Apartments at $1,307 offer the most budget-friendly option with 494 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 689 square feet for $1,731, balancing privacy and affordability.
Two-beedroom units at $2,124 offer 925 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,020 sq ft) for $1,794, suitable for larger households.
Average rent in Newark, NJ
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,746 | 731 sq. ft. |
| Studio | $1,307 | 494 sq. ft. |
| 1 Bed | $1,731 | 689 sq. ft. |
| 2 Beds | $2,124 | 925 sq. ft. |
| 3 Beds | $1,794 | 1,020 sq. ft. |
Newark, NJ rent trends
Rental prices in Newark, NJ have increased by 7.54% over the past year. The average rent moved from $1,623 to $1,746.
What's the typical rent budget in Newark, NJ?
The largest share of rentals in Newark, NJ (26%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Newark, NJ?
86,314 or 76% of the households in Newark, NJ are renter-occupied while 27,434 or 24% are owner-occupied.
Most affordable neighborhoods in Newark?
North Broadway $1,413/month
Weequahic $1,439/month
Seventh Avenue $1,483/month
All of these neighborhoods fall below the city wide average of $1,746/month.Most expensive neighborhoods in Newark?
Downtown Newark $2,104/month
North Ironbound $2,622/month
University Heights $2,661/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Newark, NJ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| University Heights | $2,661 |
| North Ironbound | $2,622 |
| Downtown Newark | $2,104 |
| West Side Newark | $2,067 |
| Springfield - Belmont | $1,925 |
| Fairmount | $1,654 |
| Forest Hill | $1,636 |
| Upper Clinton Hill | $1,617 |
| Lower Roseville | $1,557 |
| Mount Pleasant | $1,552 |
| Seventh Avenue | $1,483 |
| Weequahic | $1,439 |
| North Broadway | $1,413 |
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Newark | Rent Comparison by Neighborhood
Rent in Downtown Newark is 27% higher than in Fairmount
$2,104
Downtown Newark rent is 21% higher than Newark average
Average Rent
$2,104
$1,654
Fairmount rent is 5% lower than Newark average
Average Rent
$1,654
How Newark Compares to Other Cities
| City | Average Rent |
|---|---|
| Newark | $1,746 |
| Jersey City | $3,768 |
| Jersey Shore | $2,148 |
| East Orange | $1,832 |
| Paterson | $1,724 |
| Elizabeth | $1,887 |
| Hoboken | $4,513 |
| Bayonne | $2,633 |
| Camden | $1,418 |
| Princeton | $3,143 |
| Summit | $2,844 |
| New York City | $5,333 |
| Rahway | $2,472 |
| Linden, NJ | $2,085 |
| Clifton, NJ | $2,175 |
| Passaic, NJ | $1,906 |
| Union City, NJ | $2,169 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Newark apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.