Average Rent in Newark, NJ

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Current Versus Historical Newark, NJ Rents

Newark rentals average $0 for a studio rental to $3,963 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $0 per square feet.

For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $2,858 (157.34%) year-over-year from $1,817 to $4,675. 1-bedroom rentals prices have increased by $648 (43.91%) year-over-year from $1,477 to $2,125. 2-bedroom rentals prices have increased by $450 (24.32%) year-over-year from $1,850 to $2,300. 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 $192 (7.01%) year-over-year from $2,733 to $2,925. 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 73.15% this month. 1-bedroom rents have gone up by 14.35% this month. 2-bedroom rents have gone up by 1.47% this month. 3-bedroom rents have gone up by 1.30% this month. 4-bedroom rents have gone up by 2.33% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$2,125	$1,477 (43.91%)	$1,308 (62.42%)
2 BR	N/A	$2,300	$1,850 (24.32%)	$1,554 (47.99%)
3 BR	N/A	$2,600	$2,300 (13.04%)	$1,908 (36.24%)
4+ BR	N/A	$2,925	$2,733 (7.01%)	$2,225 (31.46%)

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 Park Slope. 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 $4,741 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,741. 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, Bowery has the most affordable average rent at $3,450 per month. Whereas, at $7,995 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	$3,500	$3,599	$3,450
Clinton Hill, New York, NY	$3,025	$3,995	$4,450	$4,025
Park Slope, New York, NY	$4,350	$3,775	$4,600	$4,027
Murray Hill, New York, NY	$3,475	$4,398	$6,475	$4,075
Little Italy, New York, NY	$3,500	$4,000	$5,495	$4,200
Hell's Kitchen, New York, NY	$3,500	$4,024	$6,000	$4,225
Prospect Heights, New York, NY	$3,635	$4,375	$5,795	$4,300
Downtown Brooklyn, New York, NY	$3,376	$4,280	$5,616	$4,350
Midtown South, New York, NY	$3,800	$4,695	$5,950	$4,353
Financial District, New York, NY	$3,495	$4,670	$6,385	$4,421
Fort Greene, New York, NY	$3,500	$4,400	$6,268	$4,425
Kips Bay, New York, NY	$3,850	$3,995	$5,500	$4,440
Upper West Side, New York, NY	$3,250	$4,500	$6,822	$4,559
East Village, New York, NY	$3,050	$3,795	$5,170	$4,650
Hudson Yards, New York, NY	$3,600	$4,700	$6,997	$4,681
Brooklyn Heights, New York, NY	$3,504	$4,246	$7,960	$4,800
NoLita, New York, NY	N/A	$4,995	$5,495	$4,995
Midtown East, New York, NY	$3,495	$4,600	$6,268	$4,998
Midtown, New York, NY	$3,675	$4,500	$6,900	$5,000
Chelsea, New York, NY	$4,200	$5,477	$8,263	$5,295
Lower East Side, New York, NY	$3,722	$3,995	$5,495	$5,299
West Village, New York, NY	$4,495	$5,495	$6,695	$5,325
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,037	$6,179	$5,352
Flatiron District, New York, NY	$4,200	$5,800	$8,696	$5,600
Greenwich Village, New York, NY	$4,188	$5,700	$5,500	$5,650
NoMad, New York, NY	$4,444	$5,767	$8,800	$5,676
Gramercy Park, New York, NY	$3,650	$5,550	$5,895	$5,768
Battery Park City, New York, NY	$3,956	$5,062	$8,675	$6,435
SoHo, New York, NY	$3,195	$4,495	$13,500	$7,500
Tribeca, New York, NY	$4,575	$6,472	$10,100	$7,995

Top Counties Near Newark

There are a total of 30 counties located by Newark, NJ. The average rent for rentals in these counties is $4,600. 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 $4,600. Vice versa, with an average rent of $4,600, Manhattan, New York, NY is the most expensive county by Newark, NJ.

Typically, rent for studios in Newark, NJ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newark, NJ is 190.32% more affordable than other counties nearby. Finally, rent for two bedrooms in Newark, NJ is 159.78% 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	$3,525	$4,500	$5,975	$4,600

Top Zipcodes Near Newark

There is one zipcode in or near Newark, NJ. The average rent for this zipcode is $4,655.

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	$3,407	$5,035	$8,215	$4,655

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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $1,550 and an average price per square feet of $0. There are a total of 3 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 21 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 1.57%, one bedroom rental prices have changed by 0.44%, two bedroom rental prices have changed by 0.24%, 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 $1,840/month. You can search for these reasonably priced rental listings on RentHop.