5+ Days Ago
Highlights
- Hardwood floors
- Granite countertops
- New appliances
- Close to shopping centers
Location
162 University Ave #3, Newark, NJ 07102, USA|Newark Central Business District
Tour 162 University Ave #3
Contact
Mark H
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Property management
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Property Overview
Located in a desirable area, this property features hardwood floors, granite countertops, and new appliances, enhancing its appeal for modern living. With its proximity to shopping centers, it offers convenience and accessibility. Additionally, it ranks in the 83.33 percentile for value for money, making it a compelling opportunity for prospective buyers or renters.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Great for
Eco living
Amenities for 162 University Ave #3, Newark Central Business District
Apartment Amenities
| Hardwood Floor |
Services
| On-Site Management |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 162 University Ave #3
Home
Apartments in NewarkNewark Central Business District 162 University Ave #3, Newark, NJ 07102, USA
Apartments in NewarkNewark Central Business District 162 University Ave #3, Newark, NJ 07102, USA
Sweet deal!
This listing is 19% below the median price for 2 bedroom apartments in Newark Central Business District.
Beautiful Renovated Apartment!!! *Experience an amazing stay at a home that's close to almost everything; shops, parks, public transit, and more! *Clean, stylish, and modern unit perfect for you and your family *This apartment is under a hassle-free, responsive, and professional management that works round the clock to give you a much deserved peace of mind Apt features: -Kitchen with granite countertops -New appliance/s -Lots of windows -Hardwood floors Close to shopping centers, bus transportation. and to NJ transit. Leasing terms: -No Brokers Fee -$50 Application Fee Non-Refundable -Credit/Background Check Required -Income Suggested to be 2.5x the rent amount net monthly and good credit score. If this apartment does not meet your interest, please reach out to us and we'll find the best place for you! If you want to send in an application, please email a request to rent@rovazorealty. Com Listing posted by Mark H (201) 733-8200. [SYNDID 4144812 03012026]
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 162 University Ave #3 compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Address details
| Neighborhood | Newark Central Business District |
|---|---|
| Zip code | 07102 |
| Type | Apartment for rent |
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Rent trends in Newark Central Business District
2-bedroom apartments at 162 University Ave #3 cost about 19% less than the average rent price for 2-bedroom apartments in Newark.
Median rents as of Feb 21 2026.
Newark Central Business District
Newark
| Month | Median Rent |
|---|---|
| March 2024 | $2,062 |
| April 2024 | $2,037 |
| May 2024 | $2,233 |
| June 2024 | $2,200 |
| July 2024 | $2,112 |
| August 2024 | $2,165 |
| September 2024 | $2,150 |
| October 2024 | $2,112 |
| November 2024 | $2,140 |
| December 2024 | $2,225 |
| January 2025 | $2,262 |
| February 2025 | $2,300 |
| March 2025 | $2,180 |
| April 2025 | $2,125 |
| May 2025 | $2,100 |
| June 2025 | $1,986 |
| July 2025 | $1,990 |
| August 2025 | $1,999 |
| September 2025 | $2,000 |
| October 2025 | $2,000 |
| November 2025 | $1,995 |
| December 2025 | $1,999 |
| January 2026 | $2,014 |
| February 2026 | $2,000 |
| Month | Median Rent |
|---|---|
| March 2024 | $3,094 |
| April 2024 | $2,920 |
| May 2024 | $2,854 |
| June 2024 | $2,850 |
| July 2024 | $2,707 |
| August 2024 | $2,612 |
| September 2024 | $2,864 |
| October 2024 | $2,869 |
| November 2024 | $2,866 |
| December 2024 | $2,600 |
| January 2025 | $2,525 |
| February 2025 | $2,631 |
| March 2025 | $2,732 |
| April 2025 | $2,593 |
| May 2025 | $2,699 |
| June 2025 | $2,639 |
| July 2025 | $2,450 |
| August 2025 | $2,585 |
| September 2025 | $2,810 |
| October 2025 | $2,818 |
| November 2025 | $2,820 |
| December 2025 | $2,482 |
| January 2026 | $2,413 |
| February 2026 | $2,373 |
Affordability calculator
Can I afford to live at 162 University Ave #3?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$80,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $80,000 annually to afford this 2-bedrooms monthly rent price of $2,000.
For more information on rent affordability, visit our rent calculator.
Schools near 162 University Ave #3
McKinley School
1 colonnade pl
newark, NJ, 7104
PK, K-8Public
C
Sir Isaac Newton Elementary School
150 newton st
newark, NJ, 7103
PK, K-3Public
Franklin School
42 park ave
newark, NJ, 7104
PK, K-8Public
C
Quitman Street School
21 quitman st
newark, NJ, 7103
PK, K-8Public
C
Sussex Avenue Renew School
307 sussex ave
newark, NJ, 7107
PK, K-8Public
C
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Internet available near 162 University Ave #3
Getting around Newark near 162 University Ave #3
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 162 University Ave #3, Newark
Groceries
9/10
At least one supermarket within a 5-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Several cafés within a few minutes’ walk
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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