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Average Rent in Newark, NJ & Rent Trends

What is the average rent in Newark, NJ?

The average listed apartment rent in Newark, NJ is $14,840 per month, as of November 10, 2026. This sample includes 279 priced apartments in 7 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 5, 2026 through November 10, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

Rent prices and market trends across 7 apartment communities in Newark, NJ. Prices update after successful source checks.

Area All Areas Central Ward Forest Hill University Heights
Bloomfield 07017
Beds All Bedrooms Studio 1 Bed 2 Bed

Showing any bedrooms in Newark, NJ.

Market Average

$14,840/mo

Lowest Available

$2,034/mo

cheapest unit on market

Communities

7

tracked daily

Units Listed

279

available now

Rent by Neighborhood in Newark, NJ

Compare average rent across Newark, NJ neighborhoods. Click any area to see detailed trends.

Neighborhood Avg Rent 30d Change From Properties Units
Central Ward $16,719 ▲  $3,066 $2,154 4 242
Forest Hill $2,611 - $2,034 1 12
Bloomfield 07017 $2,562 ▼  $88 $2,050 1 15
University Heights $2,298 - $2,150 1 6

Is Rent Going Up or Down in Newark, NJ?

As of November 2026, the average rent in Newark, NJ is $14,840 per month across 7 apartment communities and 279 available units.

The most affordable option is Vermella Broad Street starting at $2,034/mo. By unit type, a studio averages $2,170/mo, a 1-bedroom averages $2,630/mo, a 2-bedroom averages $3,247/mo.

Prices range from $2,034 to $18,656 per month. The most common price point is the $6,600+ range, where 218 units are currently listed.

Newark, NJ Rent Price History

Timeframe
View as table
Month Avg Rent Change Properties
October 2026 $4,489 - 8
November 2026 $5,046 +$557 7

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Newark, NJ

Studio
$2,170
from $2,034 · 14 units
1 Bed
$2,630
from $2,150 · 32 units
2 Bed
$3,247
from $2,400 · 15 units

Rent Prices by Apartment in Newark, NJ

Property Starting at Average Units Rating
Vermella Broad Street $2,034/mo $2,611/mo 12 4.8
Parkway Lofts $2,050/mo $2,562/mo 15 4
Árbol By Gomes $2,150/mo $2,298/mo 6 4.6
Eleven80 Apartments $2,154/mo $2,440/mo 10 4.3
Iconiq777 $2,350/mo $2,908/mo 5 4.7
One Theater Square $2,455/mo $3,135/mo 13 4.5
Newark Urby Apartments $17,769/mo $18,244/mo 218 4.1

Frequently Asked Questions About Rent in Newark, NJ

How many bedrooms are you looking for?

How many bedrooms are you looking for?

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Any bedrooms

What is the average rent in Newark, NJ?
The average listed apartment rent in Newark, NJ is $14,840 per month, as of November 10, 2026. This sample includes 279 priced apartments in 7 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Newark, NJ?
The apartment listings we track in Newark, NJ range from $2,034 to $18,656 per month, as of November 10, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Newark, NJ?
There is not enough comparable history to report a reliable 30-day rent change for apartment listings in Newark, NJ. Missing dates or a change in the buildings we track can prevent a comparison. Missing history does not mean rents stayed flat.

How much is a studio apartment in Newark, NJ?
Studio apartments average $2,170 per month across 14 priced listings in Newark, NJ. Listed rents range from $2,034 to $2,495 per month, as of November 10, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 1-bedroom apartment in Newark, NJ?
1-bedroom apartments average $2,630 per month across 32 priced listings in Newark, NJ. Listed rents range from $2,150 to $3,100 per month, as of November 10, 2026. Compare apartments with similar floor plans and lease terms.

How much is a 2-bedroom apartment in Newark, NJ?
2-bedroom apartments average $3,247 per month across 15 priced listings in Newark, NJ. Listed rents range from $2,400 to $4,213 per month, as of November 10, 2026. Compare apartments with similar floor plans and lease terms.

How do 1-bedroom and 2-bedroom rents compare in Newark, NJ?
The 1-bedroom average is $2,630 per month across 32 listings. The 2-bedroom average is $3,247 across 15 listings, $617 (23.5%) higher. This is a comparison of listing groups, not the cost to upgrade a specific apartment.

Which tracked building has the lowest starting rent in Newark, NJ?
Vermella Broad Street has the lowest starting rent among the buildings in the comparison table, at $2,034 per month. We track 12 priced listings matching your bedroom choice in that building, as of November 10, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

How many apartment listings do you track in Newark, NJ?
We track 279 priced units at 7 apartment buildings, as of November 10, 2026. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Newark, NJ?
We have recorded rent data on 15 days from October 2026 through November 2026 for apartment listings in Newark, NJ. Some dates can be missing. The chart only shows recorded data. The current month includes the days recorded so far.

Why can the headline rent differ from the trend chart in Newark, NJ?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Newark, NJ rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was November 10, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

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

$594,000/year

Based on the 30 percent rule, using our tracked average rent of $14,840/mo.

Comfortable income

$712,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($2,034/mo), you need to earn at least $81,000/year.

Median household income in Newark, NJ is $48,416 , about 93% below the comfortable-living threshold.

Explore Newark, NJ Apartments

Browse all 7 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $14,840
Utilities $644
Groceries $585
Transportation $1,534
Healthcare $748
Other goods and services $1,197
Estimated total $19,548/mo

Population

307,188

Median household income

$48,416

Census median rent

$1,330/mo

Census rent burden

34.5%

Median age

34.8

Mean commute

33 min

Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

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

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

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.
New Jersey Rent Trends
Compare rent across all New Jersey cities
Explore Newark, NJ on Map
See neighborhoods and rent data interactively
US-wide rent comparison
See how Newark, NJ rents stack up against the national median

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