Average Rent in 07106, Newark, NJ

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Current Versus Historical 07106, Newark, NJ Rents

07106 rentals average $1,700 for a 1-bedroom rental to $2,400 for a 4-bedroom rental. The median price of all currently available listings is $2,250, or roughly $21 per square feet.

For the apartment units and housing in October 2026, median rents have risen over the last year. Studio rentals prices have decreased by $375 (-20.00%) year-over-year from $1,875 to $1,500. 1-bedroom rentals prices have increased by $125 (7.69%) year-over-year from $1,625 to $1,750. 2-bedroom rentals prices have decreased by $258 (-10.40%) year-over-year from $2,483 to $2,225. 3-bedroom rentals prices have decreased by $300 (-11.65%) year-over-year from $2,575 to $2,275. 4-bedroom rentals prices have decreased by $246 (-8.95%) year-over-year from $2,746 to $2,500. 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 9.43% this month. 2-bedroom rents have gone up by 15.63% this month. 3-bedroom rents have gone down by 0.73% this month. 4-bedroom rents have gone down by 1.25% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$19.00	$1,750	$1,625 (7.69%)	$1,442 (21.39%)
2 BR	N/A	$2,225	$2,483 (-10.40%)	$1,650 (34.85%)
3 BR	$22.91	$2,275	$2,575 (-11.65%)	$2,233 (1.87%)
4+ BR	$18.88	$2,500	$2,746 (-8.95%)	$2,640 (-5.30%)

Historical Rents in 07106, Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07106

There are a total of 14 cities nearby 07106. The average rent in 07106 is currently $2,425 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Passaic, NJ, with an average rent of $2,200, is the most affordable city nearby. In contrast, the most expensive city near 07106, Newark, NJ is Palisades Park, NJ. Monthly rents here are on average $3,300 per month.

Let's compare 07106, Newark, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 5.88% more affordable. Two bedrooms in 07106, Newark, NJ are about 12.50% more affordable. Finally, rent for three bedrooms are about 12.50% more affordable. Want more information? Check out the top 10 cities out of 14 total cities near 07106, Newark, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Passaic, NJ	$1,600	$1,750	$2,140	$2,200
Kearny, NJ	$25	$1,675	$2,250	$2,250
Newark, NJ	$2,175	$1,750	$2,100	$2,350
Lodi, NJ	N/A	$1,950	$2,300	$2,350
Clifton, NJ	$1,800	$1,800	$2,250	$2,400
Garfield, NJ	N/A	$1,750	$2,300	$2,400
East Orange, NJ	N/A	$1,800	$2,150	$2,450
Elizabeth, NJ	$1,650	$1,700	$2,000	$2,450
Bayonne, NJ	N/A	$2,277	$2,985	$2,499
Jersey City, NJ	$2,889	$2,350	$2,250	$2,500

Top Neighborhoods Near 07106

There are a total of 31 neighborhoods in or near 07106. Some of these neighborhoods include Weequahic, Greenwood Heights, and Gowanus. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near 07106, Newark, NJ in the following table.

The average rent for these 30 neighborhoods in or near 07106, Newark, NJ is currently around $5,650 per month. Interestingly, the neighborhoods' average rent is higher than 07106's average rent, which is only $2,250. Out of all the neighborhoods in or near 07106, Weequahic has the most affordable average rent at $2,600 per month. Whereas, at $7,999 average rent per month, Tribeca is the most expensive neighborhood in or near 07106. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Weequahic, Newark, NJ	N/A	$1,400	$2,100	$2,600
Greenwood Heights, New York, NY	$2,825	$3,420	$4,355	$3,490
Gowanus, New York, NY	$3,413	$4,052	$6,445	$4,425
Downtown Brooklyn, New York, NY	$3,592	$4,395	$6,471	$4,580
NoHo, New York, NY	$4,450	$5,750	$12,500	$4,595
Boerum Hill, New York, NY	$3,500	$4,300	$5,800	$4,900
Hell's Kitchen, New York, NY	$3,775	$4,750	$6,075	$4,995
Midtown, New York, NY	$4,000	$4,875	$7,550	$5,000
Brooklyn Heights, New York, NY	$4,025	$5,090	$7,357	$5,197
Financial District, New York, NY	$4,195	$5,461	$7,500	$5,250
Midtown South, New York, NY	$4,225	$5,050	$8,098	$5,400
Two Bridges, New York, NY	N/A	$5,295	$8,750	$5,500
Hudson Yards, New York, NY	$4,370	$5,485	$7,995	$5,500
Park Slope, New York, NY	$3,900	$4,300	$6,000	$5,600
Battery Park City, New York, NY	$3,999	$5,500	$7,938	$5,650
Carroll Gardens, New York, NY	$3,025	$3,950	$6,000	$5,658
West Village, New York, NY	$5,100	$5,500	$6,950	$5,675
DUMBO, New York, NY	$3,875	$5,496	$7,298	$5,945
East Village, New York, NY	$3,495	$4,395	$5,995	$5,995
Lower East Side, New York, NY	$4,578	$4,496	$7,695	$5,998
Flatiron District, New York, NY	$4,750	$6,600	$8,900	$5,998
Chelsea, New York, NY	$4,400	$6,250	$10,095	$6,095
NoMad, New York, NY	$4,495	$5,836	$8,000	$6,223
Greenwich Village, New York, NY	$4,800	$6,500	$12,995	$6,450
Gramercy Park, New York, NY	$4,600	$6,600	$8,948	$6,798
SoHo, New York, NY	$4,000	$5,295	$11,975	$7,200
Bowery, New York, NY	$3,300	$3,588	$4,650	$7,358
Little Italy, New York, NY	$3,995	$3,750	$5,498	$7,495
NoLita, New York, NY	$22,000	$4,995	$7,895	$7,895
Tribeca, New York, NY	$5,999	$6,997	$8,295	$7,999

Top Counties Near 07106

There are a total of 3 counties located by 07106, Newark, NJ. Some of these counties include Essex, NJ, Hudson, NJ, and Union, NJ. The average rent for rentals in these counties is $2,500. That's roughly around $30 per sqft. The county that is the most affordable is Essex, NJ. Its average rent per month is $2,500. Vice versa, with an average rent of $2,700, Union, NJ is the most expensive county by 07106, Newark, NJ.

In comparison, rent for one bedroom listings in 07106, Newark, NJ is 17.65% more affordable than other counties nearby. Finally, rent for two bedrooms in 07106, Newark, NJ is 25.00% 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	$1,725	$2,000	$2,500	$2,500
Hudson, NJ	$2,450	$2,050	$2,400	$2,500
Union, NJ	$1,650	$2,000	$2,500	$2,700

Top Zipcodes Near 07106

There are a total of 30 zipcodes in or near 07106, Newark, NJ. The average rent for all of these zipcodes is $5,338. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07111, Essex County, NJ at $2,225 per month. In comparison, the zipcode with the most expensive average rent of $8,478 per month is 10069, New York, NY.

Studios in these zipcodes have an average rent of $4,000. That's at least $102 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07106, Newark, NJ is $5,164 per month. Or in other words, $94 per sqft. Meanwhile, two bedroom apartments will cost you an average of $7,010 per month. Which comes out to $93 per sqft. The following table includes the top 10 zipcodes in 07106, Newark, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10019, New York, NY	$3,830	$4,850	$6,870	$5,037
10003, New York, NY	$4,500	$6,050	$6,995	$6,200
10038, New York, NY	$4,200	$5,350	$7,875	$5,330
11201, New York, NY	$3,650	$4,430	$6,495	$4,777
10036, New York, NY	$3,800	$5,133	$7,024	$5,395
10005, New York, NY	$4,254	$5,518	$7,737	$5,000
10014, New York, NY	$5,350	$5,875	$7,498	$5,650
10011, New York, NY	$4,400	$6,173	$7,995	$6,300
10001, New York, NY	$4,469	$5,801	$9,380	$5,895
10004, New York, NY	$4,139	$5,500	$7,709	$5,495

Frequently Asked Questions - 07106 Average Rents

What is the average rent price in 07106, Newark, NJ?

The average monthly rental price for 07106, Newark, NJ apartments for rent is approximately $2,250. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07106, 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 07106, Newark, NJ.

How much is a one bedroom apartment in 07106, Newark, NJ?

The average monthly rental price for one bedroom apartments is $1,700 and an average price per square feet of $19.00. There are a total of 8 one bedroom apartment listings currently available for rent in 07106.

How much is a two bedroom apartment in 07106, Newark, NJ?

The average monthly rental price for two bedroom apartments is $2,000. There are a total of 15 two bedroom apartment listings currently available for rent in 07106.

How have rent prices in 07106, Newark, NJ changed this year?

Rent prices for rentals in 07106, Newark, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.20%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by -0.10%, three bedroom rental prices have changed by -0.12% year-over-year.

What is a reasonable rent price in 07106, Newark, NJ?

A reasonable rent price in 07106, Newark, NJ is around $1,800/month. You can search for these reasonably priced rental listings on RentHop.