Monthly rent

$2,100

Beds

Baths

Sqft

1,000

Monthly rent	$2,100
Beds	3
Baths	1
Sqft	1,000

1 Day Ago

Location

47 Milford Avenue #5, Newark, NJ 07108, US|South Broad Street

Tour 47 Milford Avenue #5

Contact

Rovazo Realty

Rovazo Realty Group

(844) 334-4393 ext. 6453

About 47 Milford Avenue #5

Sweet deal!

This listing is 12% below the median price for 3 bedroom apartments in South Broad Street.

Spacious Renovated 3BR / 1BA apartment in Newark, NJ – No Fee | Available Now Spacious and fully renovated 3-bedroom, 1-bathroom apartment available now in Newark, NJ. This modern unit features a bright, open layout with high-end finishes and plenty of natural light—ideal for comfortable, everyday living. Highlights Include: -Renovated granite kitchen with new appliances -Hardwood floors and high ceilings throughout -Modern marble bathroom finishes -Sun-filled living spaces -No broker’s fee Prime Location: Close to shops, parks, and public transportation, with convenient access to NJ Transit for easy commuting. Lease Details: -Immediate availability -Minimum 12-month lease -Pet policy negotiable -Street parking -Credit and background check required -Income requirement: 2.5x monthly rent Interested? Email rent@rovazorealty. com to apply or inquire about similar listings.

Lease Terms

1 year

Neighborhood

South Broad Street

Zip code

07108

Type

Apartment for rent

Rent trends in South Broad Street

3-bedroom apartments at 47 Milford Avenue #5 cost about 12% less than the average rent price for 3-bedroom apartments in South Broad Street.

Median rents as of Mar 7 2026.

South Broad Street

Newark

A table of 3-bedroom apartment rental data trends in Newark
Month	Median Rent
March 2024	$2,212
April 2024	$2,243
May 2024	$2,333
June 2024	$2,393
July 2024	$2,400
August 2024	$2,400
September 2024	$2,368
October 2024	$2,362
November 2024	$2,400
December 2024	$2,498
January 2025	$2,500
February 2025	$2,500
March 2025	$2,440
April 2025	$2,443
May 2025	$2,379
June 2025	$2,312
July 2025	$2,379
August 2025	$2,400
September 2025	$2,399
October 2025	$2,399
November 2025	$2,348
December 2025	$2,300
January 2026	$2,346
February 2026	$2,349
March 2026	$2,350

A table of 3-bedroom apartment rental data trends in South Broad Street
Month	Median Rent
March 2024	$2,325
April 2024	$2,160
May 2024	$2,131
June 2024	$2,000
July 2024	$2,400
August 2024	$2,440
September 2024	$2,450
October 2024	$2,533
November 2024	$2,663
December 2024	$2,678
March 2025	$2,262
April 2025	$2,475
May 2025	$2,595
June 2025	$2,258
July 2025	$2,468
August 2025	$2,557
September 2025	$2,585
October 2025	$2,553
November 2025	$2,385
December 2025	$2,343
January 2026	$2,410
February 2026	$2,432
March 2026	$2,400

Affordability calculator

Can I afford to live at 47 Milford Avenue #5?

Bedrooms

3 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

$84,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $84,000 annually to afford this 3-bedrooms monthly rent price of $2,100.

For more information on rent affordability, visit our rent calculator.

Schools near 47 Milford Avenue #5

Getting around Newark near 47 Milford Avenue #5

Walking

8/10

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

5/10

More spots are within biking distance and some roads are cyclist-friendly.

Transit

9/10

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

Points of interest for 47 Milford Avenue #5, Newark

Groceries

9/10

At least one supermarket within a 10-minute walk

Shopping

6/10

Several shops within walking distance

Cafes

5/10

Some cafés within a few minutes’ walk

Restaurants

7/10

Variety of restaurants within a few minutes' walk

Primary schools

9/10

At least one elementary school within a 10-minute walk

High schools

9/10

At least one high school within a 10-minute walk

Parks

8/10

Large amount of park space nearby

Nightlife

4/10

Some bars within walking distance

Hardwood Floor	High Ceilings
Walk-in Closet

47 Milford Avenue #547 Milford Avenue #5, Newark, NJ 07108, US

Location

Tour 47 Milford Avenue #5

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Amenities for 47 Milford Avenue #5, South Broad Street

Policies and fees

Applicants

Applicants

Applicants

Applicants

REQUIRED FEES

Move-In Fees

Move-In Fees

Security Deposit

Pets

Pets

Dog Policy

Cat Policy

About 47 Milford Avenue #5

Address details

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Rent trends in South Broad Street

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Schools near 47 Milford Avenue #5

Louise A. Spencer School

Belmont Runyon School

Avon Avenue School

Quitman Street School

Cleveland Elementary School

Internet available near 47 Milford Avenue #5

Getting around Newark near 47 Milford Avenue #5

Walking

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Cycling

Transit

Points of interest for 47 Milford Avenue #5, Newark

Groceries

Shopping

Cafes

Restaurants

Primary schools

High schools

Parks

Nightlife

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Property types near South Broad Street

Property types near South Broad Street

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Homes in South Broad Street

47 Milford Avenue #5
47 Milford Avenue #5, Newark, NJ 07108, US