5+ Days Ago
Location
5 Elm St #3, Newark, NJ 07102, USA|Newark Central Business District
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Property Overview
Located in Newark’s 07102 area, the home offers strong value for money, ranking in the top tier compared with nearby options. Daily errands may require a longer trip to the grocery store, while a highly rated elementary school is conveniently close by, offering a balanced mix of affordability and access to key amenities.
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
Great for
Pet owners
Amenities for 5 Elm St #3, Newark Central Business District
Apartment Amenities
| Natural Gas |
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.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 5 Elm St #3
Sweet deal!
This listing is 19% below the median price for 2 bedroom apartments in Newark Central Business District.
Property Status: Active Office Phone: (201) 214-3350 Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 5 Elm Street, Newark, NJ 07102, USA compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.1 mile away
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 5 Elm St #3 cost about 19% less than the average rent price for 2-bedroom apartments in Newark.
Median rents as of May 16 2026.
Newark Central Business District
Newark
| Month | Median Rent |
|---|---|
| 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 |
| March 2026 | $1,999 |
| April 2026 | $2,000 |
| May 2026 | $2,000 |
| Month | Median Rent |
|---|---|
| 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 | $2,409 |
| March 2026 | $2,440 |
| April 2026 | $2,425 |
| May 2026 | $2,458 |
Affordability calculator
Can I afford to live at 5 Elm St #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.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 4 months ago | $1,900 | 2 bed | 1 bath |
Schools near 5 Elm St #3
Oliver Street School
86 oliver st
newark, NJ, 7105
PK, K-8Public
C+
East Ward Elementary School
104 oliver st
newark, NJ, 7105
PK, K-5Public
C-
Lafayette Street Elementary School
205 lafayette st
newark, NJ, 7105
PK, K-8Public
C
South Street School
44-48 hermon st
newark, NJ, 7105
PK, K-8Public
C
Quitman Street School
21 quitman st
newark, NJ, 7103
PK, K-8Public
C
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Internet available near 5 Elm St #3
Getting around Newark near 5 Elm St #3
Walking
8/10
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 5 Elm St #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
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
9/10
At least one high school within a 5-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
7/10
Several bars within a few minutes’ walk
Explore the area around 5 Elm St #3
Chateau of Spain
11 Franklin St
Welsh Farms
25 Court St
Krauszer's Food Store
226 Halsey St
Alamane Muslim Merchants
278 Washington St
Mompou Tapas Wine Bar & Lounge
77 Ferry St
Wholesale Bargains Plus Inc
893 Broad St
Thick City
861 Broad St
Galls Newark
1015 Broad St
Magic Sneaker of Newark
847 Broad St
Universal Uniforms
1015 Broad St
Dunkin'
13 Court St
Union Coffee & Deli Shop Corp
110 Union St
Dunkin'
188 Market St
Dunkin'
3 Gateway Ctr
New Coffee Corporation
124 New York Ave
QXT's
248 Mulberry St
Spanish Tavern
103 McWhorter St
Alondra's Bar Lounge
149 Lafayette St
Portucale Restaurant
129 Elm St
American Whiskey Newark
51 Edison Pl
Suissa Bakery & Coffee Shop
57 Pacific St
H & H Hallal
198 Market St
Zaro's Family Bakery
Newark Penn Sta
Caseiro Gourmet House Corp
70 Pacific St
Mond Fruit
39 Ferry St
Park
Mulberry Commons
Peter Francisco Park
Lincoln Park
Mother Cabrini Park
Mulberry Street Pizza
258 Mulberry St
Fernando's Piri Piri Restaurant
244 Mulberry St
The Chippery-Newark
625 McCarter Hwy
Krispy Krunchy Chicken
625 McCarter Hwy
B & J Restaurant Inc
11 Franklin St
BROAD ST AT WALNUT ST
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BROAD ST AT HILL ST
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BROAD ST AT COURT ST
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WALNUT ST AT MCWHORTER ST
MCWHORTER ST AT GREEN ST
NEWARK PENN STATION
Northeast Corridor, North Jersey Coast Line, North Jersey Coast Line, Raritan Valley Line
Newark
Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train, Newark - Harrison Shuttle Train
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
MILITARY PARK LIGHT RAIL STATION
Newark Light Rail
WASHINGTON STREET LIGHT RAIL STATION
Newark Light Rail
NJPAC/CENTRE STREET LIGHT RAIL STATION
Newark Light Rail
Other units at this address
5 Elm Street, Newark, NJ
5 Elm Street Newark, NJ
Occupied
#Unit 4
2 Beds
1 Bath
$1,900
Assigned Parking • Air Conditioning • Central Heat
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