Nearby rentals
Property management
Located on a quiet street, the home features new flooring, high ceilings, a large eat-in kitchen, and both front and rear entrances, with space that works well for outdoor entertaining. Nearby public transit, walkability, and 39 parks within a mile add everyday convenience, while the strong value-for-money rating and close elementary school access add to its appeal.
Things you’ll love
Less expensiveElementary school nearbyHigh school nearbyGreat for
Eco livingOne-time.
One-time. Refundable.
No pets allowed.
Questions about this property’s policies and fees?
A spacious first‑floor apartment in a well‑kept 2‑family home, located in the heart of North Ironbound, Newark, just steps from St. Stephen’s Church. This four‑room railroad‑style flat features high ceilings, excellent natural light, and classic old‑world charm throughout. The layout offers plenty of room for a dedicated office and a full living room, making it an ideal oversized one‑bedroom. The large eat‑in kitchen includes a brand‑new, never‑used stove and opens directly into the backyard. You’ll have front and rear entrances plus backyard privileges perfect for gardening or outdoor entertaining. Brand new toilet and bathroom sink. Entire apartment freshly painted with new flooring installed. A laundromat is conveniently located just a few doors down the block. The street is quiet, with open space across from the home that brings in abundant daylight. Close to Ironbound’s famous restaurants and shopping. NJ Transit buses stop at the corner, and you’re within walking distance to Newark Penn Station. No Agency Fee. Documented income and references required.
How 23 1/2 Merchant Street #1 compares to other nearby properties.
Positives
Considerations
| Neighborhood | North Ironbound |
|---|---|
| Zip code | 07105 |
| Type | Apartment for rent |
1-bedroom apartments at 23 1/2 Merchant Street #1 cost about 31% less than the average rent price for 1-bedroom apartments in Newark.
| Month | Median Rent |
|---|---|
| August 2024 | $1,500 |
| September 2024 | $1,543 |
| October 2024 | $1,512 |
| November 2024 | $1,681 |
| December 2024 | $1,712 |
| January 2025 | $1,785 |
| February 2025 | $1,750 |
| March 2025 | $1,715 |
| April 2025 | $1,750 |
| May 2025 | $1,728 |
| June 2025 | $1,722 |
| July 2025 | $1,700 |
| August 2025 | $1,762 |
| September 2025 | $1,769 |
| October 2025 | $1,759 |
| November 2025 | $1,820 |
| December 2025 | $1,761 |
| January 2026 | $1,781 |
| February 2026 | $1,732 |
| March 2026 | $1,706 |
| April 2026 | $1,712 |
| May 2026 | $1,658 |
| June 2026 | $1,600 |
| July 2026 | $1,598 |
| August 2026 | $1,633 |
| Month | Median Rent |
|---|---|
| August 2024 | $2,154 |
| September 2024 | $2,154 |
| November 2024 | $2,000 |
| December 2024 | $2,000 |
| January 2025 | $2,113 |
| February 2025 | $2,068 |
| March 2025 | $2,073 |
| April 2025 | $2,089 |
| May 2025 | $2,099 |
| June 2025 | $2,034 |
| July 2025 | $1,999 |
| August 2025 | $2,067 |
| September 2025 | $2,055 |
| October 2025 | $2,118 |
| November 2025 | $2,067 |
| December 2025 | $2,116 |
| January 2026 | $2,131 |
| February 2026 | $2,103 |
| March 2026 | $1,971 |
| April 2026 | $2,008 |
| May 2026 | $2,023 |
| June 2026 | $1,800 |
| July 2026 | $1,743 |
| August 2026 | $1,871 |
Can I afford to live at 23 1/2 Merchant Street #1?
Bedrooms
1 bedroomRent-to-income ratio
30%
$58,000/yr
| Last month | $1,650 |
19 wilson ave
newark, NJ, 7108
30 ann st
newark, NJ, 7105
205 lafayette st
newark, NJ, 7105
697 market st
newark, NJ, 7105
104 oliver st
newark, NJ, 7105
Newark Central Business District • 30 Clinton St
Studio–1 Bed
$1,795–$2,200
1212 Central Ave #2
1 Bed
$1,695
Forest Hill • 247 Parker Street #3
1 Bed
$1,700
Newark Central Business District • 30 Clinton St
Studio–1 Bed
$1,795–$2,200
1212 Central Ave #2
1 Bed
$1,695
Forest Hill • 247 Parker Street #3
1 Bed
$1,700
11 listings
11 listings
