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 6% 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 $2,133. A 1-bedroom apartment in Newark, NJ costs about $1,750 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	$1,700	No Change	6%
2 bedroom	$1,962	3%	7%
3 bedroom	$2,300	No Change	4%
4 bedroom	$2,599	No Change	16%
Studio	$1,500	1%	2%

		Comparables
Fairmount	$2,100
Lower Roseville	$2,200
Lower Vailsburg	$2,100
Mount Pleasant Lower Broadway	$2,425
Newark Central Business District	$2,303
North Ironbound	$2,307
South Broad Street	$2,000
Upper Clinton Hill	$2,200
Weequahic	$1,899
West Side	$2,250


Apartments	$2,133	1%	No Change
Condos	$2,100	3%	No Change
Houses	$2,600	1%	No Change
Rooms	$975	3%	No Change

Studio

Average rent

$1,500

Last 30 days

Last year

1 bedroom

Average rent

$1,700

Last 30 days

No Change

Last year

2 bedroom

Average rent

$1,962

Last 30 days

Last year

3 bedroom

Average rent

$2,300

Last 30 days

No Change

Last year

4 bedroom

Average rent

$2,599

Last 30 days

No Change

Last year

16%

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$2,400

26%

higher than the national median

Takeaway

The median rent for all rentals in Newark, NJ is 10% 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

$2,400

Last year

Clifton

$2,500

Last year

East Orange

$1,999

Last year

Elizabeth

$2,150

12%

Last year

Hillside

$2,200

18%

Last year

Hoboken

$3,750

Last year

Irvington

$2,099

Last year

Jersey City

$2,900

Last year

Linden

$2,397

Last year

Passaic

$2,100

Last year

Union

$2,900

12%

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.