Average Rent in Newark, NJ

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Current Versus Historical Newark, NJ Rents

Newark rentals average $1,900 for a studio rental to $2,850 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $1 per square feet.

For the apartment units and housing in March 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $133 (7.55%) year-over-year from $1,767 to $1,900. 1-bedroom rentals prices have increased by $200 (12.90%) year-over-year from $1,550 to $1,750. 2-bedroom rentals prices have increased by $100 (5.26%) year-over-year from $1,900 to $2,000. 3-bedroom rentals prices have increased by $300 (13.04%) year-over-year from $2,300 to $2,600. 4-bedroom rentals prices have increased by $283 (10.63%) year-over-year from $2,667 to $2,950. 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 2.70% this month. 1-bedroom rents have gone down by 3.23% this month. 2-bedroom rents have gone down by 7.69% this month. 3-bedroom rents have gone up by 2.63% this month. 4-bedroom rents have gone up by 0.57% this month.

Beds	Price / Sqft	Mar 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,900	$1,767 (7.55%)	$1,963 (-3.18%)
1 BR	N/A	$1,750	$1,550 (12.90%)	$1,325 (32.08%)
2 BR	N/A	$2,000	$1,900 (5.26%)	$1,588 (25.98%)
3 BR	$1.20	$2,600	$2,300 (13.04%)	$1,942 (33.91%)
4+ BR	N/A	$2,950	$2,667 (10.63%)	$2,225 (32.58%)

Historical Rents in Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Newark

Let's compare Newark, NJ's rent against other top cities nearby by bedroom size.

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Newark

There are a total of 30 neighborhoods in or near Newark. Some of these neighborhoods include Bowery, Clinton Hill, and Murray Hill. We've included all of these top 30 neighborhoods in or near Newark, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Newark, NJ is currently around $4,666 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,666. Interestingly, the neighborhoods' average rent is higher than Newark's average rent, which is only $2,500. Out of all the neighborhoods in or near Newark, Bowery has the most affordable average rent at $3,500 per month. Whereas, at $7,495 average rent per month, Tribeca is the most expensive neighborhood in or near Newark. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bowery, New York, NY	$2,800	$3,450	$6,495	$3,500
Clinton Hill, New York, NY	$3,150	$3,995	$4,200	$3,998
Murray Hill, New York, NY	$3,525	$4,250	$6,000	$4,034
Prospect Heights, New York, NY	$3,625	$4,028	$5,571	$4,057
Little Italy, New York, NY	$3,750	$4,500	$5,750	$4,200
Fort Greene, New York, NY	$3,500	$4,675	$6,245	$4,250
Financial District, New York, NY	$3,666	$4,795	$6,400	$4,275
Gowanus, New York, NY	$3,225	$4,095	$6,119	$4,326
Park Slope, New York, NY	$4,425	$3,800	$4,500	$4,361
Downtown Brooklyn, New York, NY	$3,560	$4,310	$5,821	$4,376
Kips Bay, New York, NY	$3,850	$3,995	$5,475	$4,385
Hell's Kitchen, New York, NY	$3,500	$4,123	$6,148	$4,388
Midtown East, New York, NY	$3,550	$4,600	$5,998	$4,600
Midtown South, New York, NY	$3,975	$4,973	$7,595	$4,650
Brooklyn Heights, New York, NY	$3,559	$4,394	$8,151	$4,663
Upper West Side, New York, NY	$3,287	$4,670	$6,900	$4,668
Hudson Yards, New York, NY	$3,690	$4,744	$6,900	$4,795
Midtown, New York, NY	$3,682	$4,385	$6,797	$4,997
Chelsea, New York, NY	$4,025	$5,499	$8,037	$5,000
East Village, New York, NY	$2,795	$3,995	$5,495	$5,200
West Village, New York, NY	$4,195	$5,300	$6,758	$5,300
Lower East Side, New York, NY	$3,975	$4,350	$5,395	$5,300
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,047	$6,127	$5,327
Greenwich Village, New York, NY	$4,200	$5,600	$5,400	$5,400
NoLita, New York, NY	$3,950	$5,395	$6,495	$5,495
Flatiron District, New York, NY	$4,200	$6,000	$8,642	$5,600
NoMad, New York, NY	$4,464	$5,721	$8,294	$5,902
SoHo, New York, NY	$3,850	$5,750	$9,995	$5,923
Gramercy Park, New York, NY	$4,048	$4,897	$6,188	$6,000
Tribeca, New York, NY	$4,650	$6,499	$7,495	$7,495

Top Counties Near Newark

There are a total of 30 counties located by Newark, NJ. The average rent for rentals in these counties is $4,595. That's roughly around $7 per sqft. The county that is the most affordable is Manhattan, New York, NY. It's average rent per month is $4,595. Vice versa, with an average rent of $4,595, Manhattan, New York, NY is the most expensive county by Newark, NJ.

Typically, rent for studios in Newark, NJ is 89.47% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newark, NJ is 109.30% more affordable than other counties nearby. Finally, rent for two bedrooms in Newark, NJ is 156.30% more affordable than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Manhattan, New York, NY	$3,600	$4,500	$5,895	$4,595

Top Zipcodes Near Newark

There is one zipcode in or near Newark, NJ. The average rent for this zipcode is $4,643.

The following chart includes the zipcode in or near Newark, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10023, New York, NY	$3,450	$4,926	$8,800	$4,643

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 $2,500. 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 $1,900 and an average price per square feet of $0. There are a total of 4 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 $2,150 and an average price per square feet of $0. There are a total of 5 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 $2,300 and an average price per square feet of $0. There are a total of 13 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 0.08%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.13% year-over-year.

What is a reasonable rent price in Newark, NJ?

A reasonable rent price in Newark, NJ is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.