9 Hours Ago
Location
605 Broad St, Newark, NJ 07102, USA|Newark Central Business District
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Property Overview
605-607 MAYOR GIBSON offers a strong mix of walkability, nearby public transit, and access to 48 parks within a mile, along with 40 theaters, music venues, or sports arenas close by. It also stands out for its social atmosphere, with on-site gathering spaces that complement the area’s many recreation options and accessible surroundings.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “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
Eco living
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 750 sqft | $1,800 /mo | 1 unit available | These modern units feature an open, loft-style layout with extra high ceilings, creating a bright and airy living space perfect for comfortable, upscale living. Highlights Include: -New construction with luxury finishes -Extra high ceilings with loft-style design -Spacious, open-concept layouts -On-site fitness center -Laundry facilities in building -Bike storage available -Luxury resident lounge -Game room Located in the heart of Downtown Newark, you'll have easy access to public transportation, top dining, shopping, and entertainment options. Experience the perfect blend of history and modern luxury schedule a tour today! $50.00 one time application fee Credit Score 600 + No Prior Evictions No Felonies 1-months Security Income is three (3) times the rent To apply you must provide: *3 pay stubs *Valid ID *Valid Social Security Card *Landlord Reference | |
| 1BR/1.0BA | 1 bed | 1 bath | 750 sqft | $2,000 /mo | 1 unit available | Discover a comfortable modern one-bedroom, one-bath apartment in Downtown Newark, NJ. featuring in-unit convenience and building amenities designed for everyday living. The unit includes a refrigerator and a washer/dryer, and is served by central air conditioning. Residents have access to a -fitness center/gym for workouts, -game room and lounge room for relaxation and socializing, -plus a bike storage room for secure bicycle storage. This apartment offers a practical layout and community spaces that support an active, convenient lifestyle. $50.00 one time application fee Credit Score 600 + No Prior Evictions No Felonies 1-months Security Income is three (3) times the rent To apply you must provide: *3 pay stubs *Valid ID *Valid Social Security Card *Landlord Reference |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 60 |
|---|
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About 605-607 MAYOR GIBSON
Discover a comfortable modern one-bedroom, one-bath apartment in Downtown Newark, NJ. featuring in-unit convenience and building amenities designed for everyday living. The unit includes a refrigerator and a washer/dryer, and is served by central air conditioning. Residents have access to a -fitness center/gym for workouts, -game room and lounge room for relaxation and socializing, -plus a bike storage room for secure bicycle storage. This apartment offers a practical layout and community spaces that support an active, convenient lifestyle. $50.00 one time application fee Credit Score 600 + No Prior Evictions No Felonies 1-months Security Income is three (3) times the rent To apply you must provide: *3 pay stubs *Valid ID *Valid Social Security Card *Landlord Reference
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.8
/10
Very Good605-607 MAYOR GIBSON is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 605-607 MAYOR GIBSON is a great option for renters looking for apartments in Newark Central Business District. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 605-607 MAYOR GIBSON is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
605-607 MAYOR GIBSON is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 605-607 MAYOR GIBSON does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
605-607 MAYOR GIBSON 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 605-607 MAYOR GIBSON compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.1 mile away
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Newark Central Business District
Studio apartments at 605-607 MAYOR GIBSON cost about 21% less than the average rent price for studios in Newark Central Business District.
1-bedroom apartments here are priced 18% lower than 1-bedrooms in Newark Central Business District.
Median rents as of Jun 13 2026.
Newark Central Business District
Newark
| Month | Median Rent |
|---|---|
| June 2024 | $1,375 |
| July 2024 | $1,318 |
| August 2024 | $1,452 |
| September 2024 | $1,412 |
| October 2024 | $1,318 |
| 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 | $1,650 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,858 |
| July 2024 | $1,876 |
| August 2024 | $1,870 |
| September 2024 | $2,101 |
| 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 | $2,285 |
Affordability calculator
Can I afford to live at 605 Broad St?
Bedrooms
Rent-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
$72,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $72,000 annually to afford this studio monthly rent price of $1,800.
For more information on rent affordability, visit our rent calculator.
Schools near 605-607 MAYOR GIBSON
McKinley School
1 colonnade pl
newark, NJ, 7104
PK, K-8Public
C
Lafayette Street Elementary School
205 lafayette st
newark, NJ, 7105
PK, K-8Public
C
Kennedy Elementary School
1 washington st
harrison, NJ, 7029
PK, K-1Public
Oliver Street School
86 oliver 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 605-607 MAYOR GIBSON
Getting around Newark near 605 Broad St
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
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 605 Broad St, Newark
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
8/10
Several shops within a few minutes’ walk
Cafes
7/10
Several cafés within a few minutes’ walk
Restaurants
9/10
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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