Newark, NJ Rental Market Trends
Last updated: May 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Newark is $1,722, a 2.62% increase compared to the previous year, when the average rent was $1,678.
Studio Apartments at $1,394 offer the most budget-friendly option with 498 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 678 square feet for $1,697, balancing privacy and affordability.
Two-beedroom units at $2,015 offer 915 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,016 sq ft) for $1,875, suitable for larger households.
Average rent in Newark, NJ
Last updated: May 23, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,722 | 723 sq. ft. |
| Studio | $1,394 | 498 sq. ft. |
| 1 Bed | $1,697 | 678 sq. ft. |
| 2 Beds | $2,015 | 915 sq. ft. |
| 3 Beds | $1,875 | 1,016 sq. ft. |
Newark, NJ rent trends
Rental prices in Newark, NJ have increased by 2.62% over the past year. The average rent moved from $1,678 to $1,722.
What's the typical rent budget in Newark, NJ?
The largest share of rentals in Newark, NJ (26%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Newark, NJ?
85,720 or 76% of the households in Newark, NJ are renter-occupied while 27,664 or 24% are owner-occupied.
Most affordable neighborhoods in Newark?
North Broadway $1,433/month
Weequahic $1,462/month
Lower Roseville $1,524/month
All of these neighborhoods fall below the city wide average of $1,722/month.Most expensive neighborhoods in Newark?
West Side Newark $2,045/month
University Heights $2,485/month
North Ironbound $2,512/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Newark, NJ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| North Ironbound | $2,512 |
| University Heights | $2,485 |
| West Side Newark | $2,045 |
| Downtown Newark | $1,972 |
| Springfield - Belmont | $1,860 |
| Seventh Avenue | $1,719 |
| Upper Clinton Hill | $1,714 |
| Forest Hill | $1,570 |
| Mount Pleasant | $1,568 |
| Fairmount | $1,532 |
| Lower Roseville | $1,524 |
| Weequahic | $1,462 |
| North Broadway | $1,433 |
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Newark | Rent Comparison by Neighborhood
Rent in Downtown Newark is 29% higher than in Fairmount
$1,972
Downtown Newark rent is 15% higher than Newark average
Average Rent
$1,972
$1,532
Fairmount rent is 11% lower than Newark average
Average Rent
$1,532
How Newark Compares to Other Cities
| City | Average Rent |
|---|---|
| Newark | $1,722 |
| Jersey City | $3,688 |
| Jersey Shore | $2,161 |
| Bayonne | $2,580 |
| East Orange | $1,894 |
| Elizabeth | $1,855 |
| Paterson | $1,718 |
| Hoboken | $4,500 |
| Camden | $1,461 |
| New Brunswick | $2,529 |
| Summit | $2,852 |
| New York City | $4,719 |
| Rahway | $2,452 |
| Linden | $2,137 |
| Passaic, NJ | $1,870 |
| Union City, NJ | $2,156 |
| Clifton, NJ | $2,230 |
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.