Average Rent in Newark, NJ and Rent Price Trends

Rent price trends in
Newark, NJ

Rent price trends

Rent prices for all bedroom counts and property types in Newark, NJ have remained the same in the last month and have decreased by 4% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Newark, NJ
The monthly rent for an apartment in Newark, NJ is $2,150. A 1-bedroom apartment in Newark, NJ costs about $1,695 on average, while a 2-bedroom apartment is $2,000. Houses for rent in Newark, NJ are more expensive, with an average monthly cost of $2,400.


1 bedroom	$1,600	1%	2%
2 bedroom	$2,000	1%	7%
3 bedroom	$2,397	No Change	4%
4 bedroom	$2,700	No Change	9%
Studio	$1,650	1%	9%

		Comparables
Fairmount	$2,250
Lower Roseville	$2,362
Lower Vailsburg	$2,037
Newark Central Business District	$2,310
North Ironbound	$2,250
South Broad Street	$2,050
University Heights	$1,595
Upper Clinton Hill	$2,200
Weequahic	$2,197
West Side	$2,250


Apartments	$2,150	No Change	No Change
Condos	$2,175	3%	No Change
Houses	$2,400	3%	No Change
Rooms	$1,100	4%	No Change

Studio

Average rent

$1,650

Last 30 days

Last year

1 bedroom

Average rent

$1,600

Last 30 days

Last year

2 bedroom

Average rent

$2,000

Last 30 days

Last year

3 bedroom

Average rent

$2,397

Last 30 days

No Change

Last year

4 bedroom

Average rent

$2,700

Last 30 days

No Change

Last year

The table above reflects average rent prices in Newark, NJ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Newark, NJ to other cities

Median rent prices in Newark, NJ for all bedroom counts and property types compared to Bayonne, NJ.

Newark

Median rent price$2,195

13%

higher than the national median

Median rent price$2,200

13%

higher than the national median

Takeaway

The median rent for all rentals in Newark, NJ is equal to the median rent in Bayonne, NJ.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Bayonne

$2,200

26%

Last year

Bloomfield

$2,400

Last year

Clifton

$2,600

Last year

East Orange

$1,949

Last year

Elizabeth

$2,199

13%

Last year

Hillside

$2,675

10%

Last year

Hoboken

$3,900

15%

Last year

Irvington

$2,095

Last year

Jersey City

$2,750

Last year

Linden

$2,250

Last year

Passaic

$2,100

Last year

Union

$2,750

Last year

Cost of living in
Newark, NJ

The overall cost of living in Newark, NJ is 14% higher than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.