Average Rent in 07104, Newark, NJ

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Current Versus Historical 07104, Newark, NJ Rents

07104 rentals average $1,200 for a studio rental to $3,648 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $21 per square feet.

For the apartment units and housing in November 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $400 (-25.00%) year-over-year from $1,600 to $1,200. 1-bedroom rentals prices have increased by $21 (1.17%) year-over-year from $1,779 to $1,800. 2-bedroom rentals prices have increased by $183 (9.57%) year-over-year from $1,917 to $2,100. 3-bedroom rentals prices have increased by $117 (4.52%) year-over-year from $2,583 to $2,700. 4-bedroom rentals prices have increased by $848 (27.79%) year-over-year from $3,050 to $3,898. 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 down by 0.00% this month. 1-bedroom rents have gone up by 4.96% this month. 2-bedroom rents have gone up by 0.40% this month. 3-bedroom rents have gone up by 5.19% this month. 4-bedroom rents have gone up by 9.87% this month.

Beds	Price / Sqft	Nov 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,200	$1,600 (-25.00%)	$1,274 (-5.82%)
1 BR	N/A	$1,800	$1,779 (1.17%)	$1,448 (24.28%)
2 BR	$20.97	$2,100	$1,917 (9.57%)	$1,767 (18.87%)
3 BR	$24.89	$2,700	$2,583 (4.52%)	$2,150 (25.58%)
4+ BR	$11.72	$3,898	$3,050 (27.79%)	$2,938 (32.68%)

Historical Rents in 07104, Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07104

There are a total of 18 cities nearby 07104. The average rent in 07104 is currently $2,525 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Kearny, NJ, with an average rent of $2,175, is the most affordable city nearby. In contrast, the most expensive city near 07104, Newark, NJ is New York, NY. Monthly rents here are on average $4,856 per month.

Let's compare 07104, Newark, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07104, Newark, NJ is 64.58% more affordable than other cities nearby. One bedrooms are about 20.46% more affordable. Two bedrooms in 07104, Newark, NJ are about 22.48% more affordable. Finally, rent for three bedrooms are about 4.63% more affordable. Want more information? Check out the top 10 cities out of 18 total cities near 07104, Newark, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Kearny, NJ	N/A	$1,700	$2,150	$2,175
Newark, NJ	$2,145	$2,000	$2,100	$2,300
Passaic, NJ	$1,900	$1,751	$2,375	$2,300
Garfield, NJ	$1,150	$1,800	$2,200	$2,300
East Orange, NJ	$2,050	$2,706	$2,100	$2,398
Elizabeth, NJ	$1,425	$1,800	$2,000	$2,475
Clifton, NJ	N/A	$1,890	$2,500	$2,500
Bayonne, NJ	$2,283	$2,444	$3,221	$2,550
Harrison, NJ	$2,522	$2,928	$3,592	$2,899
Jersey City, NJ	$3,831	$4,946	$6,614	$4,551

Top Neighborhoods Near 07104

There are a total of 63 neighborhoods in or near 07104. Some of these neighborhoods include Bedford-Stuyvesant, Crown Heights, and Harlem. We've included the top 30 neighborhoods out of 63 total neighborhoods in or near 07104, Newark, NJ in the following table.

The average rent for these 30 neighborhoods in or near 07104, Newark, NJ is currently around $5,000 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-nine neighborhoods have a higher average rent than $5,000. Interestingly, the neighborhoods' average rent is higher than 07104's average rent, which is only $2,200. Out of all the neighborhoods in or near 07104, Fairmount has the most affordable average rent at $2,200 per month. Whereas, at $7,995 average rent per month, NoLita is the most expensive neighborhood in or near 07104. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$3,225	$3,449	$4,398	$3,650
Crown Heights, New York, NY	$3,171	$3,490	$4,700	$3,800
Harlem, New York, NY	$2,973	$3,209	$3,995	$3,800
Bushwick, New York, NY	$3,200	$3,450	$3,795	$3,868
East Harlem, New York, NY	$3,350	$3,838	$3,495	$3,979
West Harlem, New York, NY	$2,750	$3,100	$4,400	$3,995
Greenpoint, New York, NY	$3,780	$4,600	$7,295	$4,520
Downtown Brooklyn, New York, NY	$3,681	$4,426	$6,171	$4,549
Prospect Heights, New York, NY	$3,593	$4,495	$5,700	$4,550
Long Island City, New York, NY	$3,755	$4,481	$6,502	$4,607
Murray Hill, New York, NY	$3,700	$5,295	$7,425	$4,791
Hell's Kitchen, New York, NY	$3,795	$4,686	$6,075	$4,995
Upper East Side, New York, NY	$3,398	$4,775	$7,700	$5,000
Midtown, New York, NY	$3,975	$4,850	$7,777	$5,000
Financial District, New York, NY	$4,307	$5,261	$7,064	$5,053
Lower East Side, New York, NY	$4,100	$4,496	$7,328	$5,067
Midtown East, New York, NY	$4,050	$5,050	$7,600	$5,175
Williamsburg, New York, NY	$3,999	$5,000	$5,500	$5,189
Hudson Yards, New York, NY	$4,138	$5,400	$7,895	$5,250
Kips Bay, New York, NY	$3,990	$5,108	$6,040	$5,400
Upper West Side, New York, NY	$3,462	$5,495	$7,998	$5,500
West Village, New York, NY	$5,100	$5,500	$6,995	$5,500
East Village, New York, NY	$3,750	$5,465	$5,995	$5,800
Chelsea, New York, NY	$4,450	$6,195	$9,541	$5,995
Stuyvesant Town - Peter Cooper Village, New York, NY	$5,250	$5,849	$6,914	$6,078
Greenwich Village, New York, NY	$4,700	$7,150	$9,200	$6,300
NoMad, New York, NY	$4,671	$6,025	$8,506	$6,389
Gramercy Park, New York, NY	$4,250	$6,600	$10,700	$7,195
Tribeca, New York, NY	$5,990	$6,798	$8,573	$7,500
NoLita, New York, NY	$12,800	$4,995	$7,895	$7,995

Top Counties Near 07104

There are a total of 6 counties located by 07104, Newark, NJ. Some of these counties include Essex, NJ, Union, NJ, and Bergen, NJ. The average rent for rentals in these counties is $3,602. That's roughly around $59 per sqft. The county that is the most affordable is Essex, NJ. Its average rent per month is $2,575. Vice versa, with an average rent of $5,295, Manhattan, New York, NY is the most expensive county by 07104, Newark, NJ.

Typically, rent for studios in 07104, Newark, NJ is 144.17% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07104, Newark, NJ is 90.78% more affordable than other counties nearby. Finally, rent for two bedrooms in 07104, Newark, NJ is 82.92% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Essex, NJ	$2,059	$2,200	$2,600	$2,575
Union, NJ	$1,700	$2,827	$2,900	$2,877
Bergen, NJ	$2,300	$2,450	$3,000	$3,095
Hudson, NJ	$3,703	$4,498	$4,990	$4,110
Brooklyn, New York, NY	$3,560	$4,232	$5,279	$4,294
Manhattan, New York, NY	$4,045	$5,190	$7,153	$5,295

Top Zipcodes Near 07104

There are a total of 50 zipcodes in or near 07104, Newark, NJ. The average rent for all of these zipcodes is $5,000.

Studios in these zipcodes have an average rent of $3,750. That's at least $95 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07104, Newark, NJ is $4,875 per month. Or in other words, $88 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,530 per month. Which comes out to $87 per sqft. The following table includes the top 10 zipcodes in 07104, Newark, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,751	$5,295	$6,930	$5,295
10019, New York, NY	$3,800	$4,850	$6,347	$5,000
10003, New York, NY	$4,350	$6,450	$7,300	$6,050
10009, New York, NY	$3,199	$5,595	$5,995	$5,999
10038, New York, NY	$4,600	$5,053	$7,750	$5,240
10025, New York, NY	$3,295	$5,095	$6,025	$5,220
10036, New York, NY	$3,975	$4,900	$7,113	$5,500
10014, New York, NY	$5,100	$5,995	$6,995	$5,500
11201, New York, NY	$3,694	$4,488	$6,300	$4,667
10011, New York, NY	$4,536	$6,215	$8,700	$6,218

Frequently Asked Questions - 07104 Average Rents

What is the average rent price in 07104, Newark, NJ?

The average monthly rental price for 07104, Newark, NJ apartments for rent is approximately $2,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07104, 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 07104, Newark, NJ.

How much is a studio apartment in 07104, Newark, NJ?

The average monthly rental price for studio apartments is $1,200. There are a total of 1 studio apartment listings currently available for rent in 07104.

How much is a one bedroom apartment in 07104, Newark, NJ?

The average monthly rental price for one bedroom apartments is $1,850. There are a total of 12 one bedroom apartment listings currently available for rent in 07104.

How much is a two bedroom apartment in 07104, Newark, NJ?

The average monthly rental price for two bedroom apartments is $2,184 and an average price per square feet of $20.97. There are a total of 31 two bedroom apartment listings currently available for rent in 07104.

How have rent prices in 07104, Newark, NJ changed this year?

Rent prices for rentals in 07104, Newark, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.25%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.10%, three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 07104, Newark, NJ?

A reasonable rent price in 07104, Newark, NJ is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.