2 Days Ago
Location
49 Cornerstone Ln #1, Newark, NJ 07103, USA|University Heights
Tour 49 Cornerstone Ln #1
Contact
Rafeh Realty Property Management
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Property Overview
Set in Newark’s Society Hill area, 49 Cornerstone Ln #1 offers townhome-style living with a practical layout, on-site parking, and access to community amenities. The home’s notable features and pros include a convenient location near major roads and local services, a functional interior that supports everyday comfort, and shared outdoor or common spaces that enhance overall livability.
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
Middle 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
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About 49 Cornerstone Ln #1
49 Cornerstone Ln #1 cost $4,000 per month. Located at 49 Cornerstone Ln #1, Newark, NJ 07103, USA, this unit has 3 bedrooms and 2 bathrooms. Based on the average rent price of 3 bedrooms in Newark, renting this apartment is 67% more expensive per month.Other available apartments to lease near Newark around the same price include but are not limited to: 289 Claremont Ave #NA, 200 Water St #1916
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 49 Cornerstone Ln #1 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 1 mile away
- High school nearby
- There is a high school 0.1 mile away
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.3 mile away
Address details
| Neighborhood | University Heights |
|---|---|
| Zip code | 07103 |
| Type | House for rent |
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Rent trends in University Heights
3-bedroom apartments at 49 Cornerstone Ln #1 cost about 133% more than the average rent price for 3-bedroom apartments in Newark.
Median rents as of May 2 2026.
University Heights
Newark
| Month | Median Rent |
|---|---|
| May 2024 | $2,350 |
| June 2024 | $2,393 |
| July 2024 | $2,400 |
| August 2024 | $2,400 |
| September 2024 | $2,368 |
| October 2024 | $2,362 |
| November 2024 | $2,400 |
| December 2024 | $2,498 |
| January 2025 | $2,500 |
| February 2025 | $2,500 |
| March 2025 | $2,440 |
| April 2025 | $2,443 |
| May 2025 | $2,379 |
| June 2025 | $2,312 |
| July 2025 | $2,379 |
| August 2025 | $2,400 |
| September 2025 | $2,399 |
| October 2025 | $2,399 |
| November 2025 | $2,348 |
| December 2025 | $2,300 |
| January 2026 | $2,346 |
| February 2026 | $2,349 |
| March 2026 | $2,312 |
| April 2026 | $2,382 |
| May 2026 | $2,398 |
| Month | Median Rent |
|---|---|
| June 2024 | $3,000 |
| July 2024 | $3,112 |
| August 2024 | $3,316 |
| March 2025 | $2,925 |
| April 2025 | $2,932 |
| May 2025 | $2,900 |
| June 2025 | $2,875 |
| July 2025 | $2,715 |
| August 2025 | $2,625 |
| September 2025 | $2,700 |
| October 2025 | $2,835 |
| November 2025 | $2,835 |
| December 2025 | $2,964 |
| January 2026 | $2,964 |
| February 2026 | $2,702 |
| March 2026 | $2,135 |
| April 2026 | $1,719 |
| May 2026 | $1,719 |
Affordability calculator
Can I afford to live at 49 Cornerstone Ln #1?
Bedrooms
3 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
$160,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $160,000 annually to afford this 3-bedrooms monthly rent price of $4,000.
For more information on rent affordability, visit our rent calculator.
Schools near 49 Cornerstone Ln #1
Sir Isaac Newton Elementary School
150 newton st
newark, NJ, 7103
PK, K-3Public
McKinley School
1 colonnade pl
newark, NJ, 7104
PK, K-8Public
C
Sussex Avenue Renew School
307 sussex ave
newark, NJ, 7107
PK, K-8Public
C
Quitman Street School
21 quitman st
newark, NJ, 7103
PK, K-8Public
C
Camden Street Elementary School
281 camden st
newark, NJ, 7103
PK, K-8Public
C-
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Internet available near 49 Cornerstone Ln #1
Neighborhood
University Heights | Newark, NJ
Getting around Newark near 49 Cornerstone Ln #1
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample 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 49 Cornerstone Ln #1, Newark
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
4/10
Some bars within a few minutes’ walk
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