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 7% 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 $1,700 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 $2,500.


1 bedroom	$1,650	1%	3%
2 bedroom	$2,000	2%	8%
3 bedroom	$2,300	1%	5%
4 bedroom	$2,650	No Change	14%
Studio	$1,600	1%	12%

		Comparables
Fairmount	$2,200
Lower Roseville	$2,362
Lower Vailsburg	$2,200
Newark Central Business District	$2,350
North Broadway	$2,099
North Ironbound	$2,162
South Broad Street	$1,950
Upper Clinton Hill	$2,100
Weequahic	$1,975
West Side	$2,249


Apartments	$2,150	1%	No Change
Condos	$2,100	No Change	No Change
Houses	$2,500	2%	No Change
Rooms	$1,300	7%	No Change

Studio

Average rent

$1,600

Last 30 days

Last year

12%

1 bedroom

Average rent

$1,650

Last 30 days

Last year

2 bedroom

Average rent

$2,000

Last 30 days

Last year

3 bedroom

Average rent

$2,300

Last 30 days

Last year

4 bedroom

Average rent

$2,650

Last 30 days

No Change

Last year

14%

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$2,150

13%

higher than the national median

Median rent price$2,300

21%

higher than the national median

Takeaway

The median rent for all rentals in Newark, NJ is 7% 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

$2,300

18%

Last year

Bloomfield

$2,300

Last year

Clifton

$2,500

Last year

East Orange

$1,995

Last year

Elizabeth

$2,200

11%

Last year

Hillside

$2,357

15%

Last year

Hoboken

$4,000

28%

Last year

Irvington

$2,000

Last year

Jersey City

$2,925

Last year

Linden

$2,292

Last year

Passaic

$2,100

Last year

Union

$2,795

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.