Newark, NJ Rental Market Trends
What is the average rent in Newark?
The average rent for an apartment in Newark is $1,742. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Newark, NJ
Last updated July 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,742 | 730 sq. ft. |
What is the average apartment size in Newark?
The average size for a Newark, NJ apartment is 730 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 |
|---|---|
| University Heights | $2,807 |
| North Ironbound | $2,632 |
| Downtown Newark | $2,099 |
| West Side Newark | $2,069 |
| Springfield - Belmont | $1,928 |
| Forest Hill | $1,620 |
| Upper Clinton Hill | $1,610 |
| Fairmount | $1,585 |
| Mount Pleasant | $1,554 |
| Lower Roseville | $1,518 |
| Seventh Avenue | $1,480 |
| Weequahic | $1,454 |
| North Broadway | $1,414 |
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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 $1,414/month, Weequahic, where renters pay $1,454/mo on average, and Seventh Avenue, where the average rent goes for $1,480/mo. If you’re looking for other great deals, check out the listings from Lower Roseville ($1,518), Mount Pleasant ($1,554), and Fairmount ($1,585), where the asking prices are below the average Newark rent of $1,742/mo.
What are the most expensive neighborhoods in Newark?
The most expensive neighborhoods in Newark are Downtown Newark ($2,099), North Ironbound ($2,632) and University Heights ($2,807).
What are the most popular neighborhoods in Newark?
The most popular neighborhood in Newark is West Side Newark, where there are 16 listings with an average rent of $2,069. Next up is Weequahic, where apartments go for $1,454/month, followed by Downtown Newark with $2,099 If you’re looking to rent in Newark’s most popular neighborhoods, make sure to also check out Forest Hill, where renters pay $1,620 on average, and Upper Clinton Hill, where the average monthly rent is $1,610.
Newark | Rent Comparison by Neighborhood
Rent in Downtown Newark is 32% higher than in Fairmount
$2,099
Downtown Newark rent is 20% higher than Newark average
Average Rent
$2,099
$1,585
Fairmount rent is 9% lower than Newark average
Average Rent
$1,585
How Newark Compares to Other Cities
| State | Average Rent |
|---|---|
| Newark | $1,742 |
| Jersey City | $3,782 |
| Jersey Shore | $2,147 |
| East Orange | $1,826 |
| Bayonne | $2,630 |
| Elizabeth | $1,883 |
| Paterson | $1,715 |
| Hoboken | $4,518 |
| Summit | $2,889 |
| Long Branch | $2,590 |
| Blackwood | $1,707 |
| New York City | $5,273 |
| Rahway | $2,480 |
| Linden, NJ | $2,081 |
| Clifton, NJ | $2,174 |
| Passaic, NJ | $1,783 |
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 $233.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Newark
Chancellor Arms Two
222 Chancellor Avenue, Newark, NJ 07102| 1 BED | $1,400+ |
| 2 BEDS | N/A |
Chancellor Arms One
165 Chancellor Avenue, Newark, NJ 07102| STUDIO | N/A |
| 1 BED | $1,300 |
| 2 BEDS | N/A |
Clinton Street Lofts
11 Clinton Street, Newark, NJ 07102| 1 BED | $1,750 |
| 2 BEDS | $2,250+ |