Last updated
Average Rent in Newark 07018 & Rent Trends
Rent prices and market trends across 1 apartment community in Newark 07018, Newark NJ. Updated daily.
Market Average
$2,491/mo
Lowest Available
$1,380/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
11
available now
Newark 07018 vs Newark NJ Average
Newark 07018 is the same price as the Newark NJ average . The citywide average is $2,491/mo across all neighborhoods.
Is Rent Going Up or Down in Newark 07018?
As of April 2026, the average rent in Newark 07018 is $2,491 per month across 1 apartment community and 11 available units.
The most affordable option is The Park View at 320 starting at $1,380/mo. By unit type, a studio averages $2,100/mo, a 1-bedroom averages $2,063/mo, a 2-bedroom averages $2,733/mo, a 3-bedroom averages $3,375/mo.
Prices range from $1,380 to $3,486 per month. The most common price point is the $2,800 range, where 3 units are currently listed.
Newark 07018 Rent Price History
Collecting price history
Daily snapshots are being recorded. Trend charts will appear once we have enough data points.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Newark 07018
Rent Prices by Apartment in Newark 07018
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Park View at 320 | $1,380/mo | $2,491/mo | 11 | 4.3 |
Google Search Trends for Newark 07018 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Newark 07018
What is the average rent in Newark 07018?
Is rent going up or down in Newark 07018?
What is the cheapest apartment in Newark 07018?
How much is a 1-bedroom apartment in Newark 07018?
How many apartments are available in Newark 07018?
What salary do I need to live comfortably in Newark 07018?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$100,000/year
30 percent rule — using our average rent of $2,491/mo.
Comfortable income
$120,000/year
25 percent rule — leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,380/mo), you need to earn at least $55,000/year.
Median household income in Newark 07018 is $48,416 — about 60% below the comfortable-living threshold.
Cost of living in Newark 07018
Overall prices in Newark 07018 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 07018's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,491 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,199/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 is 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 for utilities, groceries, transportation, healthcare, and other goods and services 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, 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.
Explore Newark 07018 Apartments
Browse all 1 communities with daily-updated pricing and availability.