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 1% in the last month and have remained the same 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 $1,795 on average, while a 2-bedroom apartment is $1,950. Houses for rent in Newark, NJ are more expensive, with an average monthly cost of $2,600.


1 bedroom	$1,750	1%	1%
2 bedroom	$1,975	1%	6%
3 bedroom	$2,395	1%	2%
4 bedroom	$2,725	4%	12%
Studio	$1,275	3%	11%

		Comparables
Fairmount	$2,200
Lower Roseville	$2,295
Lower Vailsburg	$2,150
Mount Pleasant Lower Broadway	$2,425
Newark Central Business District	$2,250
North Ironbound	$2,208
South Broad Street	$2,025
Upper Clinton Hill	$2,200
Weequahic	$2,000
West Side	$2,295


Apartments	$2,150	1%	No Change
Condos	$2,125	6%	No Change
Houses	$2,600	No Change	No Change
Rooms	$975	23%	No Change

Studio

Average rent

$1,275

Last 30 days

Last year

11%

1 bedroom

Average rent

$1,750

Last 30 days

Last year

2 bedroom

Average rent

$1,975

Last 30 days

Last year

3 bedroom

Average rent

$2,395

Last 30 days

Last year

4 bedroom

Average rent

$2,725

Last 30 days

Last year

12%

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

14%

higher than the national median

Median rent price$2,400

24%

higher than the national median

Takeaway

The median rent for all rentals in Newark, NJ is 8% 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

$2,400

Last year

Bloomfield

$2,500

Last year

Clifton

$2,700

10%

Last year

East Orange

$1,999

Last year

Elizabeth

$2,150

Last year

Hillside

$2,800

Last year

Hoboken

$3,800

Last year

Irvington

$1,960

Last year

Jersey City

$2,905

Last year

Linden

$2,495

Last year

Passaic

$2,100

Last year

Union

$2,927

13%

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.