Looking for a cheap apartment for rent in Newark, NJ? With RENTCafé, finding an affordable apartment in Newark, NJ has never been easier. We feature 12 low-priced rentals directly from property managers, with rents lower than the Newark, NJ average. What is a cheap rent in Newark, NJ? The average apartment rent in Newark is $1,154 per month so any rental south of $923 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $580 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $753, while a cheap 2-bedroom apartment will cost you about $1,009 per month. On RENTCafé, Newark, NJ rents go as low as $794/mo.