Updated 6 Hours Ago
Location
53 University Ave, Newark, NJ 07102, USA|Newark Central Business District
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Floor plans
| 2 Bed+Den x 2 Bath Type-2 | 2 bed | 2 bath | 940 sqft | $2,500 /mo | 1 unit available | Move in without paying a traditional security deposit upfront through Obligo. This well-designed 2 bedroom+Den, 2 bathroom residence spanning 980 square feet offers a rare combination of space, comfort, and location in Newark’s highly desirable University Heights neighborhood. The apartment features a functional layout with clearly defined living and sleeping areas, making it ideal for roommates, families, or anyone seeking extra space for work or study. Multiple bedrooms provide flexibility, while two full bathrooms add everyday convenience and privacy. Located at 53 University Avenue, residents are just minutes from NJIT, Rutgers–Newark, Essex County College, University Hospital, and downtown Newark. Easy access to Broad Street Station, Newark Penn Station, major highways, dining, and cultural destinations makes commuting and city living effortless. Whether you’re a professional, student group, or family, this apartment delivers generous square footage, a smart layout, and a prime location that puts everything within reach. |
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Amenities for 53 University
Apartment Amenities
| Air Conditioning | Full Kitchen |
| Great View | Key Fobs |
| Natural Light | Oversized Windows |
| Water |
Appliances
| Dishwasher | Fridge |
| In-Unit Laundry | Microwave |
| Oven | Range |
| Refrigerator | Stainless Steel Appliances |
| Stove | Washer and Dryer |
Building
| Brownstone Building | Sewer |
Services
| Trash Disposal |
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
Building details
Property details
| Units | 6 |
|---|
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About 53 University
Welcome to 53 University Avenue, a well-maintained mixed-use building located in the heart of Newark’s University Heights neighborhood. This property features six residential apartments and one commercial space, offering a balanced blend of residential living with street-level convenience. The residential units are spacious and thoughtfully laid out, designed to provide comfortable city living with practical floor plans. Select units feature generous living areas, ample natural light, and functional kitchens suitable for everyday use. The building is professionally managed, ensuring consistent maintenance and responsive service. Situated just minutes from NJIT, Rutgers–Newark, and Essex County College, this location offers excellent access to major employers, academic institutions, public transportation, and downtown Newark amenities. Residents enjoy proximity to shops, dining, and major transit routes, including easy access to NYC. Highlights: Convenient University Heights location Close to universities, transit, and downtown Newark Professionally managed property 53 University Avenue is ideal for residents seeking space, convenience, and connectivity in one of Newark’s most accessible neighborhoods.
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Rent trends in Newark Central Business District
2-bedroom apartments at 53 University cost about 7% less than the average rent price for 2-bedroom apartments in Newark Central Business District.
Median rents as of Oct 10 2026.
Newark Central Business District
Newark
| Month | Median Rent |
|---|---|
| October 2024 | $1,300 |
| November 2024 | $1,512 |
| December 2024 | $1,462 |
| January 2025 | $1,523 |
| February 2025 | $1,593 |
| March 2025 | $1,640 |
| April 2025 | $1,643 |
| May 2025 | $1,475 |
| June 2025 | $1,450 |
| July 2025 | $1,350 |
| August 2025 | $1,300 |
| September 2025 | $1,280 |
| October 2025 | $1,250 |
| November 2025 | $1,434 |
| December 2025 | $1,581 |
| January 2026 | $1,788 |
| February 2026 | $1,827 |
| March 2026 | $1,715 |
| April 2026 | $1,659 |
| May 2026 | $1,647 |
| June 2026 | $1,550 |
| July 2026 | $1,405 |
| August 2026 | $1,386 |
| September 2026 | $1,372 |
| October 2026 | $1,325 |
| Month | Median Rent |
|---|---|
| October 2024 | $2,100 |
| November 2024 | $2,100 |
| December 2024 | $2,118 |
| January 2025 | $2,105 |
| February 2025 | $2,086 |
| March 2025 | $2,059 |
| April 2025 | $2,050 |
| May 2025 | $2,088 |
| June 2025 | $2,074 |
| July 2025 | $2,100 |
| August 2025 | $2,114 |
| September 2025 | $2,125 |
| October 2025 | $2,199 |
| November 2025 | $2,152 |
| December 2025 | $2,187 |
| January 2026 | $2,200 |
| February 2026 | $1,978 |
| March 2026 | $2,172 |
| April 2026 | $2,286 |
| May 2026 | $2,287 |
| June 2026 | $2,262 |
| July 2026 | $2,162 |
| August 2026 | $2,131 |
| September 2026 | $1,919 |
| October 2026 | $2,031 |
Affordability calculator
Can I afford to live at 53 University Ave?
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
$100,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 2-bedrooms monthly rent price of $2,500.
For more information on rent affordability, visit our rent calculator.
Schools near 53 University
Quitman Street School
21 quitman st
newark, NJ, 7103
PK, K-8Public
C
Oliver Street School
86 oliver st
newark, NJ, 7105
PK, K-8Public
C+
Louise A. Spencer School
66 muhammad ali ave
newark, NJ, 7108
PK, K-8Public
C-
South Street School
44-48 hermon st
newark, NJ, 7105
PK, K-8Public
C
East Ward Elementary School
104 oliver st
newark, NJ, 7105
PK, K-5Public
C-
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Internet available near 53 University
Neighborhood
Newark Central Business District | Newark, NJ
Getting around Newark near 53 University Ave
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.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 53 University Ave, Newark
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
8/10
Variety of shops within a few minutes' walk
Cafes
6/10
Some cafés within walking distance
Restaurants
8/10
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
7/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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