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 increased by 2% 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 $2,200. A 1-bedroom apartment in Newark, NJ costs about $1,780 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 $2,695.


1 bedroom	$1,749	1%	2%
2 bedroom	$2,000	No Change	9%
3 bedroom	$2,350	2%	6%
4 bedroom	$2,700	2%	13%
Studio	$1,650	7%	13%

		Comparables
Fairmount	$2,200
Lower Roseville	$2,200
Lower Vailsburg	$2,100
Newark Central Business District	$2,350
North Broadway	$2,100
North Ironbound	$2,303
South Broad Street	$2,075
Upper Clinton Hill	$2,200
Weequahic	$2,000
West Side	$2,295


Apartments	$2,200	1%	No Change
Condos	$2,150	7%	No Change
Houses	$2,695	2%	No Change
Rooms	$1,250	47%	No Change

Studio

Average rent

$1,650

Last 30 days

Last year

13%

1 bedroom

Average rent

$1,749

Last 30 days

Last year

2 bedroom

Average rent

$2,000

Last 30 days

No Change

Last year

3 bedroom

Average rent

$2,350

Last 30 days

Last year

4 bedroom

Average rent

$2,700

Last 30 days

Last year

13%

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$2,200

16%

higher than the national median

Median rent price$2,314

22%

higher than the national median

Takeaway

The median rent for all rentals in Newark, NJ is 5% lower than 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

$2,314

14%

Last year

Bloomfield

$2,400

Flat

Last year

Clifton

$2,500

Last year

East Orange

$1,997

Last year

Elizabeth

$2,300

Last year

Hillside

$2,365

10%

Last year

Hoboken

$4,000

Last year

Irvington

$2,100

Last year

Jersey City

$3,000

Last year

Linden

$2,254

Last year

Passaic

$2,100

Last year

Union

$2,929

10%

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.