Average Rent in Newark, NJ

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Current Versus Historical Newark, NJ Rents

Newark rentals average $1,575 for a studio rental to $2,675 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $15 per square feet.

For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $488 (-23.65%) year-over-year from $2,062 to $1,575. 1-bedroom rentals prices have decreased by $267 (-14.29%) year-over-year from $1,867 to $1,600. 2-bedroom rentals prices have increased by $200 (9.30%) year-over-year from $2,150 to $2,350. 3-bedroom rentals prices have decreased by $267 (-10.39%) year-over-year from $2,567 to $2,300. 4-bedroom rentals prices have decreased by $75 (-2.70%) year-over-year from $2,775 to $2,700. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 0.52% this month. 1-bedroom rents have gone down by 7.20% this month. 2-bedroom rents have gone up by 5.62% this month. 3-bedroom rents have gone down by 3.83% this month. 4-bedroom rents have gone up by 0.62% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,575	$2,062 (-23.65%)	$1,892 (-16.77%)
1 BR	$12.00	$1,600	$1,867 (-14.29%)	$1,400 (14.29%)
2 BR	$28.02	$2,350	$2,150 (9.30%)	$1,867 (25.89%)
3 BR	$15.10	$2,300	$2,567 (-10.39%)	$2,083 (10.40%)
4+ BR	$9.26	$2,700	$2,775 (-2.70%)	$2,449 (10.24%)

Historical Rents in Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Newark

There are a total of 7 cities nearby Newark. The average rent in Newark is currently $3,194 per month. Our records show that Jersey City, NJ, with an average rent of $2,550, is the most affordable city nearby. In contrast, the most expensive city near Newark, NJ is New York, NY. Monthly rents here are on average $4,895 per month.

Let's compare Newark, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Newark, NJ is 12.73% more affordable than other cities nearby. One bedrooms are about 42.42% more affordable. Two bedrooms in Newark, NJ are about 56.59% more affordable. Finally, rent for three bedrooms are about 69.70% more affordable. Want more information? Check out the top 7 cities near Newark, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Jersey City, NJ	$1,850	$2,350	$2,450	$2,550
Hackensack, NJ	$1,535	$2,298	$2,825	$2,650
Palisades Park, NJ	$1,700	$2,048	$2,550	$2,850
Fort Lee, NJ	$1,775	$2,700	$3,445	$3,194
Cliffside Park, NJ	N/A	$2,300	$3,650	$3,198
Edgewater, NJ	$2,455	$2,700	$5,075	$3,500
New York, NY	$3,800	$4,695	$6,118	$4,895

Top Neighborhoods Near Newark

There are a total of 52 neighborhoods in or near Newark. Some of these neighborhoods include Bedford-Stuyvesant, East Harlem, and Crown Heights. We've included the top 30 neighborhoods out of 52 total neighborhoods in or near Newark, NJ in the following table.

The average rent for these 30 neighborhoods in or near Newark, NJ is currently around $5,305 per month. Interestingly, the neighborhoods' average rent is higher than Newark's average rent, which is only $2,300. Out of all the neighborhoods in or near Newark, East Flatbush has the most affordable average rent at $3,100 per month. Whereas, at $8,295 average rent per month, Little Italy is the most expensive neighborhood in or near Newark. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$2,900	$3,350	$3,800	$3,650
East Harlem, New York, NY	$3,220	$3,500	$3,680	$3,800
Crown Heights, New York, NY	$3,071	$3,553	$4,600	$3,845
Harlem, New York, NY	$3,000	$3,389	$3,895	$3,850
West Harlem, New York, NY	$2,950	$3,385	$4,225	$3,900
Prospect Heights, New York, NY	$3,625	$4,366	$6,000	$4,311
Fort Greene, New York, NY	$3,465	$4,426	$6,499	$4,426
Long Island City, New York, NY	$3,610	$4,395	$6,325	$4,500
Murray Hill, New York, NY	$3,800	$4,648	$7,200	$4,548
Downtown Brooklyn, New York, NY	$3,599	$4,498	$6,251	$4,690
Hell's Kitchen, New York, NY	$3,750	$4,500	$6,450	$4,695
Upper East Side, New York, NY	$3,350	$4,625	$5,295	$4,700
Upper West Side, New York, NY	$3,500	$4,846	$7,255	$5,250
Financial District, New York, NY	$4,097	$5,335	$7,000	$5,295
Kips Bay, New York, NY	$3,993	$4,591	$5,980	$5,315
Greenpoint, New York, NY	$3,735	$4,683	$7,107	$5,345
Williamsburg, New York, NY	$4,098	$5,150	$5,800	$5,400
NoLita, New York, NY	$4,625	$5,495	$6,995	$5,495
Midtown, New York, NY	$3,908	$5,145	$7,450	$5,495
Hudson Yards, New York, NY	$3,990	$5,500	$8,000	$5,595
Midtown East, New York, NY	$3,825	$5,298	$7,063	$5,600
East Village, New York, NY	$3,900	$4,295	$5,995	$5,600
West Village, New York, NY	$4,295	$5,500	$7,395	$5,600
Greenwich Village, New York, NY	$4,725	$6,300	$7,625	$5,765
Chelsea, New York, NY	$4,300	$6,182	$9,500	$6,107
NoMad, New York, NY	$4,495	$5,716	$8,551	$6,331
Lower East Side, New York, NY	$4,395	$5,745	$5,995	$6,495
Stuyvesant Town - Peter Cooper Village, New York, NY	$4,926	$6,203	$6,520	$6,500
Gramercy Park, New York, NY	$4,095	$5,600	$6,500	$6,995
Tribeca, New York, NY	$6,500	$6,795	$8,045	$7,595

Top Counties Near Newark

There are a total of 5 counties located by Newark, NJ. Some of these counties include Essex, NJ, Hudson, NJ, and Union, NJ. The average rent for rentals in these counties is $2,800. That's roughly around $42 per sqft. The county that is the most affordable is Essex, NJ. Its average rent per month is $2,400. Vice versa, with an average rent of $5,400, Manhattan, New York, NY is the most expensive county by Newark, NJ.

Typically, rent for studios in Newark, NJ is 81.71% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newark, NJ is 48.85% more affordable than other counties nearby. Finally, rent for two bedrooms in Newark, NJ is 18.18% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Essex, NJ	$1,599	$1,925	$2,400	$2,400
Hudson, NJ	$2,222	$2,456	$2,600	$2,600
Union, NJ	N/A	$1,923	$2,600	$2,800
Brooklyn, New York, NY	$3,500	$4,100	$5,066	$4,250
Manhattan, New York, NY	$3,900	$5,100	$6,755	$5,400

Top Zipcodes Near Newark

There are a total of 50 zipcodes in or near Newark, NJ. The average rent for all of these zipcodes is $4,983.

Studios in these zipcodes have an average rent of $3,715. That's at least $96 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Newark, NJ is $4,773 per month. Or in other words, $85 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,364 per month. Which comes out to $84 per sqft. The following table includes the top 10 zipcodes in Newark, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,850	$4,750	$6,393	$5,000
10019, New York, NY	$3,867	$4,695	$7,034	$5,000
10003, New York, NY	$4,300	$5,400	$6,495	$5,650
10009, New York, NY	$3,150	$4,500	$5,995	$5,995
10038, New York, NY	$3,995	$5,345	$6,999	$5,550
11201, New York, NY	$3,606	$4,500	$6,295	$4,817
10036, New York, NY	$3,895	$5,000	$7,550	$5,295
10025, New York, NY	$3,375	$4,400	$6,095	$4,700
10005, New York, NY	$4,100	$5,200	$7,307	$4,965
10011, New York, NY	$4,300	$6,386	$7,495	$6,000

Frequently Asked Questions - Newark Average Rents

What is the average rent price in Newark, NJ?

The average monthly rental price for Newark, NJ apartments for rent is approximately $2,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Newark, NJ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Newark, NJ.

How much is a studio apartment in Newark, NJ?

The average monthly rental price for studio apartments is $1,575. There are a total of 10 studio apartment listings currently available for rent in Newark.

How much is a one bedroom apartment in Newark, NJ?

The average monthly rental price for one bedroom apartments is $1,650 and an average price per square feet of $12.00. There are a total of 27 one bedroom apartment listings currently available for rent in Newark.

How much is a two bedroom apartment in Newark, NJ?

The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $28.02. There are a total of 40 two bedroom apartment listings currently available for rent in Newark.

How have rent prices in Newark, NJ changed this year?

Rent prices for rentals in Newark, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.24%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by 0.09%, three bedroom rental prices have changed by -0.10% year-over-year.

What is a reasonable rent price in Newark, NJ?

A reasonable rent price in Newark, NJ is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.