Apartments for Rent in Lower Vailsburg, Newark, NJ

Lower Vailsburg, Newark apartment availability

Lower Vailsburg's rental market offers a good selection of listings, with an average of 46 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, with the latter being the most prevalent. Many apartments in Lower Vailsburg offer desirable amenities, including hardwood floors, in-unit laundry, and outdoor spaces, which are available in 33%, 17%, and 59% of rentals, respectively. With nearly 10% of Newark's total listings, Lower Vailsburg is a notable neighborhood for renters to consider.

Lower Vailsburg, Newark rental market trends

The Lower Vailsburg neighborhood in Newark saw a significant increase in rent prices last year, with an average monthly rent of $2,141, representing a 10.9% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $1,346 per month, with a slight decrease of 0.08% from the previous year. In contrast, 2-bedrooms and 3-bedrooms experienced increases of 8% and 12.9%, respectively, with average rents of $1,897 and $2,261. Studio apartments averaged $1,631 per month, with a modest 0.5% increase.

Rent prices in Lower Vailsburg tend to fluctuate throughout the year, with December typically being the most expensive month, 14.2% higher than the lowest month, February. If you're looking for a new apartment, February may be a good time to find a deal. On the other hand, if you're a landlord, December is likely to be the most lucrative month. Understanding these trends can help you navigate the competitive rental market in Lower Vailsburg.

Why Lower Vailsburg, Newark is a great place to live

Lower Vailsburg stands out as a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, the neighborhood's focus on eco-friendly features such as non-toxic paint, waste recycling, rainwater harvesting, and community solar projects make it an ideal location for maintaining a green lifestyle. Additionally, the prevalence of sustainable materials in construction and low-flow fixtures further contribute to its environmental sustainability score. With its high walk score and transit frequency, Lower Vailsburg is also a prime spot for renters seeking an active social life, offering easy access to various amenities and services while ensuring a safe living environment.