Zumper
modified
5+ Days Ago

Highlights

  • Modern living
  • Contemporary finishes
  • Rooftop with city views
  • On-site washer/dryer room

Location

556 Market St, Newark, NJ 07105, USA|North Ironbound
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Contact

Management

PMG Management

Leasing office

(347) 477-5981

Property Overview

556 Market Street is a highly rated property with a Zumper expert rating of 8.4 out of 10, reflecting its appeal to renters. It features modern living with contemporary finishes, a desirable rooftop with city views, and convenient on-site amenities like a washer/dryer room. The property's competitive pricing and strong location rating of 9 out of 10 further enhance its allure, placing it in the 75th percentile for value among similar offerings in the area.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, 556 Market Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 556 Market Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive

Floor plans

1BR/1.0BA1 bed1 bath629 sqft$2,199 /mo2 units availableEnjoy modern living in this stylish 1-bedroom apartment at 556 Market Street, located in the heart of Ironbound. This thoughtfully designed unit offers contemporary finishes, access to a rooftop with beautiful city views, and a convenient on-site washer/dryer room. Just a 10-minute walk to Newark Penn Station—perfect for easy commuting.

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units23
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About 556 Market Street

HomeApartments in NewarkNorth Ironbound 556 Market Street

Enjoy modern living in this stylish 1-bedroom apartment at 556 Market Street, located in the heart of Ironbound. This thoughtfully designed unit offers contemporary finishes, access to a rooftop with beautiful city views, and a convenient on-site washer/dryer room. Just a 10-minute walk to Newark Penn Station—perfect for easy commuting.


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.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, 556 Market Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 556 Market Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 556 Market Street
Price·10A 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.
556 Market Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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, 556 Market Street 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.
556 Market Street 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 556 Market Street 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.

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 556 Market Street compares to other nearby properties.

Positives

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in North Ironbound

1-bedroom apartments at 556 Market Street cost about 11% more than the average rent price for 1-bedroom apartments in North Ironbound.

Median rents as of Apr 4 2026.
North Ironbound
Newark
A table of studio rental data trends in Newark
MonthMedian Rent
April 2024$1,765
May 2024$1,575
June 2024$1,465
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$1,650
A table of studio rental data trends in North Ironbound
MonthMedian Rent
April 2024$1,410
May 2024$1,380
June 2024$2,150
April 2025$1,850
May 2025$1,850
July 2025$1,255
August 2025$1,282
September 2025$1,280
October 2025$1,250
February 2026$2,029
March 2026$2,034
April 2026$1,988

Affordability calculator

Can I afford to live at 556 Market St?

Bedrooms

1 bedroom

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

$87,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $87,960 annually to afford this 1-bedroom monthly rent price of $2,199.
For more information on rent affordability, visit our rent calculator.

Schools near 556 Market Street

Wilson Avenue School

19 wilson ave

newark, NJ, 7108

K-8Public
C

Early Childhood Center of the Ironbound

697 market st

newark, NJ, 7105

PKPublic

Lafayette Street Elementary School

205 lafayette st

newark, NJ, 7105

PK, K-8Public
C

Ann Street School

30 ann st

newark, NJ, 7105

PK, K-8Public
B-

Hawkins Street Elementary School

8 hawkins st

newark, NJ, 7105

PK, K-8Public
C
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Getting around Newark near 556 Market St

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 556 Market St, Newark

Groceries

9/10
At least one supermarket within a 5-minute walk

Shopping

8/10
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 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

8/10
Very large amount of park space within a few minutes' walk

Nightlife

6/10
Some bars within a few minutes’ walk

Explore the area around 556 Market St

Emporium 218 Supermarket
218 Ferry St
Bonzao Supermarket
70 Adams St
Vivo Tapas Kitchen Lounge
167 Ferry St
Shorty's Poultry Market
52 Madison St
Seabra Foods
123 Ferry St

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