Average Rent in Newark, NJ
4 apartment buildings, 21 units. Daily asking prices with rent history for every building.
Avg Rent
$2,834/mo
median $2,922
market average
Cheapest
$895/mo
Calello Agency
Properties
4
tracked daily
Units
21
available now
Newark, NJ Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 4 properties in Newark, NJ.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Newark, NJ Rent Prices
All 4 properties ranked by lowest available rent.
Calello Agency
421 Bloomfield Ave, Newark, NJ 07107, USA
Parkway Lofts
5 Lawrence St, Bloomfield, NJ 07017, USA
One Theater Square
2 Center St, Newark, NJ 07102, USA
Iconiq777
777 McCarter Hwy, Newark, NJ 07102, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Calello Agency 421 Bloomfield Ave, Newark, NJ 07107, USA | $895 | $1,160 | -- | 1.9 (62) | 2 |
| 2 | Parkway Lofts 5 Lawrence St, Bloomfield, NJ 07017, USA | $2,100 | $2,930 | $3.06 | 4 (300) | 15 |
| 3 | One Theater Square 2 Center St, Newark, NJ 07102, USA | $2,922 | $3,252 | $3.86 | 4.5 (169) | 3 |
| 4 | Iconiq777 777 McCarter Hwy, Newark, NJ 07102, USA | $3,495 | $3,495 | $3.27 | 4.7 (124) | 1 |
Rent & Price History by Building
Calello Agency
1.9 (62)421 Bloomfield Ave, Newark, NJ 07107, USA
Parkway Lofts
4 (300)5 Lawrence St, Bloomfield, NJ 07017, USA
One Theater Square
4.5 (169)2 Center St, Newark, NJ 07102, USA
Iconiq777
4.7 (124)777 McCarter Hwy, Newark, NJ 07102, USA
By Area
Newark, NJ neighborhoods
Tracked buildings across 3 named neighborhoods. Pick one to see its apartments.
Newark, NJ Average Rent Prices 2026
The average rent in Newark, NJ is $2,834 per month, based on 21 units across 4 apartment communities. Prices range from $895 at Calello Agency to $3,995 at Parkway Lofts.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,423/mo | $2,100/mo | 4 |
| 1 Bed | $3,002/mo | $2,775/mo | 10 |
| 2 Bed | $3,063/mo | $895/mo | 6 |
| 3 Bed | $1,425/mo | $1,425/mo | 1 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Newark, NJ, and what they pay
Tracked one-bedroom rent in Newark, NJ averages $3,002/mo, with two-bedroom units averaging $3,063/mo. At the local median household income of $48,416, that works out to 70% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Newark, NJ at $1,330/mo. The current tracked market average runs 113% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Newark, NJ while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in New York Metro
Demand in the New York Metro rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Prudential Financial
- Panasonic North America
- Audible
- Rutgers University
Mean one-way commute in Newark, NJ is 33 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Newark, NJ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$113,000/year
Based on the 30 percent rule, using our tracked average rent of $2,834/mo.
Comfortable income
$136,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($895/mo), you need to earn at least $36,000/year.
Median household income in Newark, NJ is $48,416 , about 64% below the comfortable-living threshold.
Cost of living in Newark, NJ
Overall prices in Newark, NJ runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Newark, NJ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,834 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,542/mo |
Population
307,188
Median household income
$48,416
Census median rent
$1,330/mo
Rent as % of income
34.5%
Median age
34.8
Mean commute
33 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in New Jersey
How Newark, NJ rent compares to other markets in the state.
| City | Avg Rent | vs Newark, NJ | 30-Day Change | Properties |
|---|---|---|---|---|
| Edison, NJ | $2,541 | -10% | -0.1% | 12 |
| Jersey City, NJ | $4,560 | +61% | +23.3% | 9 |
| Hoboken, NJ | $4,711 | +66% | -- | 8 |
| New Brunswick, NJ | $2,180 | -23% | -- | 6 |
| Clifton, NJ | $2,461 | -13% | -0.4% | 5 |
| Elizabeth, NJ | $2,396 | -15% | +11.7% | 5 |
Frequently asked questions
What is the average rent in Newark, NJ?
The average rent in Newark, NJ is $2,834 per month, based on 21 units across 4 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Newark, NJ?
The median asking rent in Newark, NJ is $2,922 per month, computed from 21 live listed units and refreshed daily. The average is $2,834/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Newark, NJ?
The lowest available rent in Newark, NJ starts at $895 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Newark, NJ?
1-bedroom apartments in Newark, NJ average $3,002/mo. The lowest listed 1-bedroom starts at $2,775/mo across 10 units tracked.
How much is a 2-bedroom apartment in Newark, NJ?
2-bedroom apartments in Newark, NJ average $3,063/mo. Units start from $895/mo across 6 units currently listed.
Rent Trends in Newark, NJ
Track how apartment prices are changing over time.
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