Average Rent in 07107, Newark, NJ

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Current Versus Historical 07107, Newark, NJ Rents

07107 rentals average $1,750 for a 1-bedroom rental to $3,050 for a 4-bedroom rental. The median price of all currently available listings is $2,350, or roughly $15 per square feet.

For the apartment units and housing in September 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $34 (-2.78%) year-over-year from $1,234 to $1,200. 1-bedroom rentals prices have increased by $238 (13.87%) year-over-year from $1,713 to $1,950. 2-bedroom rentals prices have increased by $575 (29.87%) year-over-year from $1,925 to $2,500. 3-bedroom rentals prices have decreased by $138 (-5.93%) year-over-year from $2,333 to $2,195. 4-bedroom rentals prices have increased by $175 (6.09%) year-over-year from $2,875 to $3,050. 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 15.84% this month. 2-bedroom rents have gone up by 16.37% this month. 3-bedroom rents have gone down by 0.11% this month. 4-bedroom rents have gone up by 2.23% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,950	$1,713 (13.87%)	$1,450 (34.48%)
2 BR	$42.37	$2,500	$1,925 (29.87%)	$1,892 (32.16%)
3 BR	$8.78	$2,195	$2,333 (-5.93%)	$2,200 (-0.23%)
4+ BR	$28.95	$3,050	$2,875 (6.09%)	$2,482 (22.90%)

Historical Rents in 07107, Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07107

There are a total of 15 cities nearby 07107. The average rent in 07107 is currently $2,499 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that East Orange, NJ, with an average rent of $2,155, is the most affordable city nearby. In contrast, the most expensive city near 07107, Newark, NJ is New York, NY. Monthly rents here are on average $4,906 per month.

Let's compare 07107, Newark, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 8.00% more affordable. Two bedrooms in 07107, Newark, NJ are about 4.00% more expensive. Finally, rent for three bedrooms are about 30.38% more affordable. Want more information? Check out the top 10 cities out of 15 total cities near 07107, Newark, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
East Orange, NJ	$1,373	$1,890	$1,950	$2,155
Kearny, NJ	N/A	$1,775	$2,275	$2,250
Paterson, NJ	$1,250	$1,750	$2,275	$2,275
Newark, NJ	$2,250	$1,742	$2,000	$2,278
Garfield, NJ	N/A	$1,750	$2,400	$2,450
Elizabeth, NJ	$1,650	$1,825	$2,000	$2,475
Bayonne, NJ	$2,265	$2,454	$2,911	$2,499
Clifton, NJ	N/A	$1,875	$2,300	$2,500
Jersey City, NJ	$3,016	$2,375	$2,250	$2,500
Cliffside Park, NJ	N/A	$2,325	$3,350	$2,900

Top Neighborhoods Near 07107

There are a total of 49 neighborhoods in or near 07107. Some of these neighborhoods include Bedford-Stuyvesant, West Harlem, and Crown Heights. We've included the top 30 neighborhoods out of 49 total neighborhoods in or near 07107, Newark, NJ in the following table.

The average rent for these 30 neighborhoods in or near 07107, Newark, NJ is currently around $5,250 per month. Interestingly, the neighborhoods' average rent is higher than 07107's average rent, which is only $2,350. Out of all the neighborhoods in or near 07107, Flatbush has the most affordable average rent at $3,250 per month. Whereas, at $7,995 average rent per month, Tribeca is the most expensive neighborhood in or near 07107. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$3,225	$3,400	$4,200	$3,600
West Harlem, New York, NY	$2,750	$3,155	$4,000	$3,761
Crown Heights, New York, NY	$2,968	$3,478	$4,675	$3,815
Harlem, New York, NY	$2,850	$3,250	$3,850	$3,900
East Harlem, New York, NY	$3,445	$3,625	$3,495	$3,995
Downtown Brooklyn, New York, NY	$3,595	$4,350	$6,475	$4,500
Greenpoint, New York, NY	$3,690	$4,540	$6,877	$4,500
Long Island City, New York, NY	$3,694	$4,536	$6,657	$4,565
Fort Greene, New York, NY	$3,669	$4,575	$6,954	$4,575
Prospect Heights, New York, NY	$3,498	$4,395	$5,500	$4,600
Hell's Kitchen, New York, NY	$3,770	$4,731	$6,300	$4,950
Murray Hill, New York, NY	$3,975	$5,329	$7,600	$4,997
Midtown, New York, NY	$3,950	$4,900	$7,475	$5,000
Williamsburg, New York, NY	$4,074	$5,040	$5,719	$5,221
Upper East Side, New York, NY	$3,450	$4,600	$8,200	$5,250
Financial District, New York, NY	$4,150	$5,404	$7,718	$5,300
Midtown East, New York, NY	$3,995	$5,125	$7,350	$5,350
Upper West Side, New York, NY	$3,500	$5,057	$7,500	$5,450
Kips Bay, New York, NY	$3,700	$4,775	$5,750	$5,495
Hudson Yards, New York, NY	$4,370	$5,625	$8,000	$5,660
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,565	$6,225	$5,884
West Village, New York, NY	$4,900	$5,695	$7,000	$5,995
East Village, New York, NY	$3,495	$4,295	$5,995	$5,995
Lower East Side, New York, NY	$4,578	$5,250	$7,889	$6,000
Chelsea, New York, NY	$4,400	$6,295	$10,100	$6,095
NoMad, New York, NY	$4,495	$5,828	$8,291	$6,239
Greenwich Village, New York, NY	$4,985	$6,300	$11,395	$6,300
NoLita, New York, NY	$16,750	$4,995	$7,895	$6,495
Gramercy Park, New York, NY	$4,600	$6,600	$6,500	$6,895
Tribeca, New York, NY	$5,999	$6,995	$8,295	$7,995

Top Counties Near 07107

There are a total of 6 counties located by 07107, Newark, NJ. Some of these counties include Essex, NJ, Hudson, NJ, and Union, NJ. The average rent for rentals in these counties is $2,875. That's roughly around $32 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 $5,495, Manhattan, New York, NY is the most expensive county by 07107, Newark, NJ.

In comparison, rent for one bedroom listings in 07107, Newark, NJ is 25.71% more affordable than other counties nearby. Finally, rent for two bedrooms in 07107, Newark, NJ is 5.00% 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	$1,550	$1,925	$2,400	$2,500
Hudson, NJ	$2,363	$2,300	$2,400	$2,500
Union, NJ	$1,800	$2,000	$2,500	$2,750
Bergen, NJ	$1,800	$2,100	$2,750	$3,000
Brooklyn, New York, NY	$3,575	$4,116	$5,041	$4,200
Manhattan, New York, NY	$4,000	$5,239	$7,100	$5,495

Top Zipcodes Near 07107

There are a total of 50 zipcodes in or near 07107, Newark, NJ. The average rent for all of these zipcodes is $5,214. One zipcode has an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07032, Kearny, NJ at $2,250 per month. In comparison, the zipcode with the most expensive average rent of $7,995 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,747. That's at least $94 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07107, Newark, NJ is $4,825 per month. Or in other words, $88 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,889 per month. Which comes out to $86 per sqft. The following table includes the top 10 zipcodes in 07107, 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	$3,999	$5,290	$6,900	$5,395
10019, New York, NY	$3,830	$4,800	$7,000	$4,995
10003, New York, NY	$4,500	$5,850	$6,995	$5,995
10009, New York, NY	$3,100	$4,498	$5,995	$5,995
10038, New York, NY	$4,150	$5,495	$8,308	$5,433
10025, New York, NY	$3,375	$4,440	$5,295	$5,000
10036, New York, NY	$3,900	$5,353	$7,325	$5,592
11201, New York, NY	$3,650	$4,395	$6,495	$4,713
10014, New York, NY	$5,100	$5,995	$8,340	$5,995
10005, New York, NY	$4,200	$5,358	$7,948	$5,165

Frequently Asked Questions - 07107 Average Rents

What is the average rent price in 07107, Newark, NJ?

The average monthly rental price for 07107, Newark, NJ apartments for rent is approximately $2,350. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07107, 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 07107, Newark, NJ.

How much is a one bedroom apartment in 07107, Newark, NJ?

The average monthly rental price for one bedroom apartments is $1,750. There are a total of 9 one bedroom apartment listings currently available for rent in 07107.

How much is a two bedroom apartment in 07107, Newark, NJ?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $42.37. There are a total of 9 two bedroom apartment listings currently available for rent in 07107.

How have rent prices in 07107, Newark, NJ changed this year?

Rent prices for rentals in 07107, Newark, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.30%, three bedroom rental prices have changed by -0.06% year-over-year.

What is a reasonable rent price in 07107, Newark, NJ?

A reasonable rent price in 07107, Newark, NJ is around $1,880/month. You can search for these reasonably priced rental listings on RentHop.