Apartments for Rent in North Broadway, Newark, NJ

North Broadway, Newark apartment availability

North Broadway's rental market offers a good selection of listings, with an average of 17 rentals available each month. The neighborhood's inventory is diverse, featuring a mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as some studios. Many of these apartments offer desirable amenities, including hardwood floors, found in nearly 45% of listings, and outdoor spaces, available in about 46% of rentals. Additionally, about 31% of apartments in North Broadway feature air conditioning. This variety of options and amenities makes North Broadway a viable choice for renters seeking a range of features in their next home.

North Broadway, Newark rental market trends

North Broadway in Newark is experiencing a significant surge in rent prices, with the average monthly rent across all property types increasing by 16.9% year-over-year to $2,055 in 2024. The most notable increase is seen in studios, with a staggering 138.7% jump to $2,500 per month. In contrast, 3-bedrooms have witnessed a slight decrease of 1.2% to $2,195.

The most expensive month to rent in North Broadway is April, with prices 14.9% higher than in July, the least expensive month. This trend suggests that renters looking for a more affordable option should consider searching during the summer months. The data also indicates that 1-bedrooms and 2-bedrooms have seen modest increases of 0.8% and 6.8%, respectively, to $1,405 and $1,832 per month. Overall, North Broadway's rental market is becoming increasingly competitive, with renters facing higher prices across most property types.

Why North Broadway, Newark is a great place to live

North Broadway is a neighborhood that perfectly complements the lifestyle of renters who value a vibrant social life. Our analysis of local amenities and attractions reveals that this area is ideal for those who thrive in a dynamic environment. With its excellent Transit Score, high-frequency transit options, and well-maintained street infrastructure, getting around is effortless. Additionally, the area's strong Safety record and high Walk Score ensure that residents can explore the neighborhood with confidence. Whether you're meeting friends at a local hotspot or just enjoying the community atmosphere, North Broadway is an excellent choice for renters seeking an active social life.