Newark, NJ Rental Market Trends
What is the average rent in Newark?
The average rent for an apartment in Newark is $1,692. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Newark, NJ
Last updated April 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,692 | 727 sq. ft. |
What is the average apartment size in Newark?
The average size for a Newark, NJ apartment is 727 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Newark, NJ apartment rent ranges
Newark, NJ Occupied Housing Units
86,314 or 76% of the households in Newark, NJ are renter-occupied while 27,434 or 24% are owner-occupied.
Newark, NJ rent trends
Average Rent in Newark, NJ By Neighborhood
| City | Average Rent |
|---|---|
| North Ironbound | $2,533 |
| University Heights | $2,477 |
| Downtown Newark | $2,066 |
| Springfield - Belmont | $1,870 |
| Fairmount | $1,612 |
| Upper Clinton Hill | $1,593 |
| Forest Hill | $1,591 |
| Mount Pleasant | $1,571 |
| Lower Roseville | $1,524 |
| Weequahic | $1,470 |
| Seventh Avenue | $1,436 |
| North Broadway | $1,420 |
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What are the most affordable neighborhoods in Newark?
The most affordable neighborhoods in Newark are North Broadway, where the average rent goes for $1,420/month, Seventh Avenue, where renters pay $1,436/mo on average, and Weequahic, where the average rent goes for $1,470/mo. If you’re looking for other great deals, check out the listings from Lower Roseville ($1,524), Mount Pleasant ($1,571), and Forest Hill ($1,591), where the asking prices are below the average Newark rent of $1,692/mo.
What are the most expensive neighborhoods in Newark?
The most expensive neighborhoods in Newark are Downtown Newark ($2,066), University Heights ($2,477) and North Ironbound ($2,533).
What are the most popular neighborhoods in Newark?
The most popular neighborhood in Newark is Downtown Newark, where there are 9 listings with an average rent of $2,066. Next up is Weequahic, where apartments go for $1,470/month, followed by Seventh Avenue with $1,436 If you’re looking to rent in Newark’s most popular neighborhoods, make sure to also check out North Ironbound, where renters pay $2,533 on average, and Fairmount, where the average monthly rent is $1,612.
Newark | Rent Comparison by Neighborhood
Rent in Downtown Newark is 28% higher than in Fairmount
$2,066
Downtown Newark rent is 22% higher than Newark average
Average Rent
$2,066
$1,612
Fairmount rent is 5% lower than Newark average
Average Rent
$1,612
How Newark Compares to Other Cities
| State | Average Rent |
|---|---|
| Newark | $1,692 |
| Jersey City | $3,702 |
| Jersey Shore | $2,128 |
| East Orange | $1,836 |
| Hoboken | $4,422 |
| Bayonne | $2,574 |
| Elizabeth | $1,865 |
| Princeton | $3,136 |
| Summit | $2,795 |
| Long Branch | $2,635 |
| Camden | $1,474 |
| New York City | $4,771 |
| Rahway | $2,420 |
| Clifton, NJ | $2,166 |
| Passaic, NJ | $1,768 |
| Linden, NJ | $2,087 |
| Union City, NJ | $2,132 |
What is the average price for a storage unit in Newark?
The average rent for a non-climate-controlled 10'x10' storage unit in Newark is $218.83. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Newark
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The Willows At Lincoln Park
25 Spruce Street, Newark, NJ 07102| 1 BED | N/A |
| 2 BEDS | $1,386 |
| 3 BEDS | $1,605 |
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272 Littleton Avenue
272 Littleton Avenue, Newark, NJ 07103| 3 BEDS | $2,450 |
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706 South 16th Street
706 South 17Th Street, Newark, NJ 07103| 2 BEDS | $2,650 |