3 Days Ago
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23 1/2 Merchant Street #1, Newark, NJ 07105, US|North Ironbound
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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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Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
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About 23 1/2 Merchant Street #1
Sweet deal!
This listing is 15% below the median price for 2 bedroom apartments in North Ironbound.
2-bedroom, 1-bath, kitchen, and living room apartment in the Ironbound section, located on the first floor, with exclusive backyard access and access to the basement for storage.
Lease Terms
1 year23 1/2 Merchant Street #1 is great for:
Address details
| Neighborhood | North Ironbound |
|---|---|
| Zip code | 07105 |
| Type | Apartment for rent |
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Rent trends in North Ironbound
2-bedroom apartments at 23 1/2 Merchant Street #1 cost about 15% less than the average rent price for 2-bedroom apartments in North Ironbound.
Median rents as of May 16 2026.
North Ironbound
Newark
| Month | Median Rent |
|---|---|
| June 2024 | $2,200 |
| July 2024 | $2,112 |
| August 2024 | $2,165 |
| September 2024 | $2,150 |
| October 2024 | $2,112 |
| November 2024 | $2,140 |
| December 2024 | $2,225 |
| January 2025 | $2,262 |
| February 2025 | $2,300 |
| March 2025 | $2,180 |
| April 2025 | $2,125 |
| May 2025 | $2,100 |
| June 2025 | $1,986 |
| July 2025 | $1,990 |
| August 2025 | $1,999 |
| September 2025 | $2,000 |
| October 2025 | $2,000 |
| November 2025 | $1,995 |
| December 2025 | $1,999 |
| January 2026 | $2,014 |
| February 2026 | $2,000 |
| March 2026 | $1,999 |
| April 2026 | $2,000 |
| May 2026 | $2,000 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,750 |
| October 2024 | $2,483 |
| November 2024 | $2,586 |
| December 2024 | $2,787 |
| January 2025 | $2,813 |
| February 2025 | $2,633 |
| March 2025 | $2,394 |
| April 2025 | $2,344 |
| May 2025 | $2,305 |
| June 2025 | $2,312 |
| July 2025 | $2,279 |
| August 2025 | $2,248 |
| September 2025 | $2,201 |
| October 2025 | $2,135 |
| November 2025 | $2,305 |
| December 2025 | $2,450 |
| January 2026 | $2,450 |
| February 2026 | $2,413 |
| March 2026 | $2,243 |
| April 2026 | $2,368 |
| May 2026 | $2,341 |
Affordability calculator
Can I afford to live at 23 1/2 Merchant Street #1?
Bedrooms
2 bedroomsRent-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
$76,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 2-bedrooms monthly rent price of $1,900.
For more information on rent affordability, visit our rent calculator.
Schools near 23 1/2 Merchant Street #1
Wilson Avenue School
19 wilson ave
newark, NJ, 7108
K-8Public
C
Ann Street School
30 ann st
newark, NJ, 7105
PK, K-8Public
B-
Lafayette Street Elementary School
205 lafayette st
newark, NJ, 7105
PK, K-8Public
C
Early Childhood Center of the Ironbound
697 market st
newark, NJ, 7105
PKPublic
East Ward Elementary School
104 oliver st
newark, NJ, 7105
PK, K-5Public
C-
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Internet available near 23 1/2 Merchant Street #1
Getting around Newark near 23 1/2 Merchant Street #1
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
4/10
Roads are accessible, but parking may be a challenge.
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 23 1/2 Merchant Street #1, Newark
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
8/10
Wide variety of shops within a few minutes' walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
8/10
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
8/10
At least one high school within a 10-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
6/10
Some bars within a few minutes’ walk
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