Updated 8 Hours Ago
Highlights
- Quiet street
- Outdoor entertaining
- New flooring
- Large eat-in kitchen
- Front and rear entrances
- High ceilings
Location
23 1/2 Merchant Street #1, Newark, NJ 07105, US|North Ironbound
Tour 23 1/2 Merchant Street #1
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Property Overview
Located on a quiet street, the home offers new flooring, high ceilings, a large eat-in kitchen, and front and rear entrances with outdoor entertaining space. It also stands out for value for money, nearby public transit, walkability, and access to 41 parks within a mile, along with a top-rated elementary school close by.
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- Elementary school nearby
- High school nearby
Great for
Eco living
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?
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About 23 1/2 Merchant Street #1
Sweet deal!
This listing is 31% below the median price for 1 bedroom apartments in North Ironbound.
A spacious first‑floor apartment in a well‑kept 2‑family home, located in the heart of North Ironbound, Newark, just steps from St. Stephen’s Church. This four‑room railroad‑style flat features high ceilings, excellent natural light, and classic old‑world charm throughout. The layout offers plenty of room for a dedicated office and a full living room, making it an ideal oversized one‑bedroom. The large eat‑in kitchen includes a brand‑new, never‑used stove and opens directly into the backyard. You’ll have front and rear entrances plus backyard privileges perfect for gardening or outdoor entertaining. Brand new toilet and bathroom sink. Entire apartment freshly painted with new flooring installed. A laundromat is conveniently located just a few doors down the block. The street is quiet, with open space across from the home that brings in abundant daylight. Close to Ironbound’s famous restaurants and shopping. NJ Transit buses stop at the corner, and you’re within walking distance to Newark Penn Station. No Agency Fee. Documented income and references required.
Lease Terms
1 year23 1/2 Merchant Street #1 is great for:
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 23 1/2 Merchant Street #1 compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.1 mile away
- High school nearby
- There is a high school 0.4 mile away
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | North Ironbound |
|---|---|
| Zip code | 07105 |
| Type | Apartment for rent |
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Rent trends in North Ironbound
1-bedroom apartments at 23 1/2 Merchant Street #1 cost about 31% less than the average rent price for 1-bedroom apartments in Newark.
Median rents as of Sep 12 2026.
North Ironbound
Newark
| Month | Median Rent |
|---|---|
| September 2024 | $1,498 |
| October 2024 | $1,512 |
| November 2024 | $1,681 |
| December 2024 | $1,712 |
| January 2025 | $1,785 |
| February 2025 | $1,750 |
| March 2025 | $1,715 |
| April 2025 | $1,750 |
| May 2025 | $1,728 |
| June 2025 | $1,722 |
| July 2025 | $1,700 |
| August 2025 | $1,762 |
| September 2025 | $1,769 |
| October 2025 | $1,759 |
| November 2025 | $1,820 |
| December 2025 | $1,761 |
| January 2026 | $1,781 |
| February 2026 | $1,732 |
| March 2026 | $1,706 |
| April 2026 | $1,712 |
| May 2026 | $1,658 |
| June 2026 | $1,600 |
| July 2026 | $1,598 |
| August 2026 | $1,640 |
| September 2026 | $1,674 |
| Month | Median Rent |
|---|---|
| November 2024 | $2,000 |
| December 2024 | $2,000 |
| January 2025 | $2,113 |
| February 2025 | $2,068 |
| March 2025 | $2,073 |
| April 2025 | $2,089 |
| May 2025 | $2,099 |
| June 2025 | $2,034 |
| July 2025 | $1,999 |
| August 2025 | $2,067 |
| September 2025 | $2,055 |
| October 2025 | $2,118 |
| November 2025 | $2,067 |
| December 2025 | $2,116 |
| January 2026 | $2,131 |
| February 2026 | $2,103 |
| March 2026 | $1,971 |
| April 2026 | $2,008 |
| May 2026 | $2,023 |
| June 2026 | $1,800 |
| July 2026 | $1,743 |
| August 2026 | $1,927 |
| September 2026 | $2,100 |
Affordability calculator
Can I afford to live at 23 1/2 Merchant Street #1?
Bedrooms
1 bedroomRent-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
$58,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $58,000 annually to afford this 1-bedroom monthly rent price of $1,450.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 2 months ago | $1,650 |
Schools near 23 1/2 Merchant Street #1
Wilson Avenue School
19 wilson ave
newark, NJ, 7108
K-8Public
C
Ann Street School
30 ann st
newark, NJ, 7105
PK, K-8Public
B-
Lafayette Street Elementary School
205 lafayette st
newark, NJ, 7105
PK, K-8Public
C
Early Childhood Center of the Ironbound
697 market st
newark, NJ, 7105
PKPublic
East Ward Elementary School
104 oliver st
newark, NJ, 7105
PK, K-5Public
C-
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Internet available near 23 1/2 Merchant Street #1
Getting around Newark near 23 1/2 Merchant Street #1
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
Roads are accessible, but parking may be a challenge.
Cycling
6/10
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 23 1/2 Merchant Street #1, Newark
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
8/10
Wide variety of shops within a few minutes' walk
Cafes
6/10
Some 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
8/10
At least one high school within a 10-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
6/10
Some bars within a few minutes’ walk
Explore the area around 23 1/2 Merchant Street #1
Emporium 218 Supermarket
218 Ferry St
Bonzao Supermarket
70 Adams St
Emporium 112 Super
112 Wilson Ave
Shorty's Poultry Market
52 Madison St
Seabra Foods
123 Ferry St
Toque Final
249 Ferry St
Angel Fashion Store
252 Ferry St
Savassi Boutique
259 Ferry St
Shoe Factory
212 Ferry St
Zhara Fashion
16 Wilson Ave
Dunkin'
596 Market St
Souzafit Restaurant-Newark
70 Adams St
Salgaderia Maranato
114 Wilson Ave
Dunkin'
139 1/2 Ferry St
Cafe Las Vegas
90 Pulaski St
Boi na Brasa Bar & Grill
1 Merchant St
The Newark Standard
Wilson Ave
Estrela Ponderosa Bar & Restaurant
85 Niagara St
Rio Lounge
618 Market St
Little Tijuana
538 Market St
Tutti Fruit
282 Ferry St
TBB Inc
184 Ferry St
Teixeira's Bakery
186 Ferry St
Ceci Cela Patisserie
24 Jabez St
Soul Sweet Boutique
164 Van Buren St
Riverbank Park
Down Bottom Farms
Independence Park
Hennessey Street Park
Playground
Picnic BBQ Restaurant
233 Ferry St
Sol-Mar Restaurant
267 Ferry St
Casa Nova Grill
264 Ferry St
Ce Qui Sabe II
37 Merchant St
The Taste of Brazil
37 Merchant St
FERRY ST AT ALYEA ST
FERRY ST AT MERCHANT ST
FERRY ST AT CHAMBERS ST
WILSON AVE AT MERCHANT ST
FERRY ST AT NIAGARA ST
Newark
Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train
NEWARK PENN STATION
Northeast Corridor, North Jersey Coast Line, North Jersey Coast Line, Raritan Valley Line
Harrison
Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train
NEWARK BROAD ST
Montclair-Boonton Line, Montclair-Boonton Line, Morris & Essex Line, Gladstone Branch
NEWARK AIRPORT RAILROAD STATION
Northeast Corridor, North Jersey Coast Line
PENN STATION LIGHT RAIL ARRIVAL
Newark Light Rail
PENN STATION LIGHT RAIL DEPARTURE
Newark Light Rail
NJPAC/CENTRE STREET LIGHT RAIL STATION
Newark Light Rail
MILITARY PARK LIGHT RAIL STATION
Newark Light Rail
WASHINGTON STREET LIGHT RAIL STATION
Newark Light Rail
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