Average Rent in Newark, NJ

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Current Versus Historical Newark, NJ Rents

Newark rentals average $2,175 for a studio rental to $2,900 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $21 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $434 (20.51%) year-over-year from $2,116 to $2,550. 1-bedroom rentals prices have decreased by $666 (-27.56%) year-over-year from $2,416 to $1,750. 2-bedroom rentals prices have decreased by $175 (-8.05%) year-over-year from $2,175 to $2,000. 3-bedroom rentals prices have decreased by $400 (-16.00%) year-over-year from $2,500 to $2,100. 4-bedroom rentals prices have increased by $183 (6.75%) year-over-year from $2,717 to $2,900. 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 up by 21.43% this month. 1-bedroom rents have gone up by 5.11% this month. 2-bedroom rents have gone up by 1.69% this month. 3-bedroom rents have gone down by 7.01% this month. 4-bedroom rents have gone up by 25.65% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,550	$2,116 (20.51%)	$1,649 (54.64%)
1 BR	$27.00	$1,750	$2,416 (-27.56%)	$1,517 (15.38%)
2 BR	$23.72	$2,000	$2,175 (-8.05%)	$1,874 (6.70%)
3 BR	$20.13	$2,100	$2,500 (-16.00%)	$2,167 (-3.08%)
4+ BR	$21.92	$2,900	$2,717 (6.75%)	$2,508 (15.61%)

Historical Rents in Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Newark

There are a total of 16 cities nearby Newark. The average rent in Newark is currently $2,500 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that East Orange, NJ, with an average rent of $2,250, is the most affordable city nearby. In contrast, the most expensive city near Newark, NJ is New York, NY. Monthly rents here are on average $4,975 per month.

Let's compare Newark, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Newark, NJ is 31.67% more expensive than other cities nearby. One bedrooms are about 11.36% more affordable. Two bedrooms in Newark, NJ are about 15.00% more affordable. Finally, rent for three bedrooms are about 18.00% more affordable. Want more information? Check out the top 10 cities out of 16 total cities near Newark, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
East Orange, NJ	$1,373	$1,750	$2,100	$2,250
Kearny, NJ	N/A	$1,700	$2,300	$2,300
Passaic, NJ	$1,600	$1,673	$2,200	$2,300
Elizabeth, NJ	$1,650	$1,700	$2,000	$2,400
Garfield, NJ	N/A	$1,750	$2,300	$2,400
Bayonne, NJ	$1,800	$2,199	$2,768	$2,413
Jersey City, NJ	$3,016	$2,475	$2,238	$2,500
Clifton, NJ	N/A	$1,800	$2,275	$2,500
Lodi, NJ	N/A	$1,950	$2,300	$2,500
Cliffside Park, NJ	N/A	$2,400	$3,305	$3,000

Top Neighborhoods Near Newark

There are a total of 54 neighborhoods in or near Newark. Some of these neighborhoods include Bedford-Stuyvesant, Crown Heights, and Harlem. We've included the top 30 neighborhoods out of 54 total neighborhoods in or near Newark, NJ in the following table.

The average rent for these 30 neighborhoods in or near Newark, NJ is currently around $5,202 per month. Interestingly, the neighborhoods' average rent is higher than Newark's average rent, which is only $2,300. Out of all the neighborhoods in or near Newark, Weequahic has the most affordable average rent at $2,500 per month. Whereas, at $7,912 average rent per month, Tribeca is the most expensive neighborhood in or near Newark. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$3,225	$3,394	$4,200	$3,600
Crown Heights, New York, NY	$2,934	$3,458	$4,656	$3,800
Harlem, New York, NY	$2,950	$3,200	$3,895	$3,928
East Harlem, New York, NY	$3,330	$3,695	$3,400	$3,995
West Harlem, New York, NY	$2,750	$3,166	$4,400	$3,995
Downtown Brooklyn, New York, NY	$3,548	$4,371	$6,471	$4,500
Prospect Heights, New York, NY	$3,650	$4,395	$5,350	$4,550
Greenpoint, New York, NY	$3,690	$4,582	$6,877	$4,568
Long Island City, New York, NY	$3,694	$4,520	$6,615	$4,604
Fort Greene, New York, NY	$3,669	$4,638	$6,895	$4,685
Hell's Kitchen, New York, NY	$3,770	$4,787	$6,113	$4,995
Murray Hill, New York, NY	$3,900	$5,329	$7,544	$4,998
Midtown, New York, NY	$4,000	$4,750	$7,550	$5,000
Financial District, New York, NY	$4,150	$5,442	$7,750	$5,235
Williamsburg, New York, NY	$4,019	$5,018	$5,800	$5,250
Upper East Side, New York, NY	$3,450	$4,655	$8,150	$5,250
Midtown East, New York, NY	$3,875	$4,995	$7,700	$5,275
Kips Bay, New York, NY	$3,840	$4,700	$5,830	$5,485
Upper West Side, New York, NY	$3,500	$5,149	$7,834	$5,600
Hudson Yards, New York, NY	$4,370	$5,595	$7,995	$5,650
Stuyvesant Town - Peter Cooper Village, New York, NY	$4,926	$5,338	$6,225	$5,805
West Village, New York, NY	$5,000	$5,500	$6,995	$5,995
East Village, New York, NY	$3,495	$4,325	$5,995	$5,995
Chelsea, New York, NY	$4,473	$6,295	$10,095	$6,095
Lower East Side, New York, NY	$4,589	$4,495	$7,695	$6,164
NoMad, New York, NY	$4,495	$5,843	$8,495	$6,204
Greenwich Village, New York, NY	$4,800	$6,450	$10,375	$6,300
Gramercy Park, New York, NY	$4,600	$6,600	$7,300	$6,600
NoLita, New York, NY	$22,000	$4,995	$7,895	$7,895
Tribeca, New York, NY	$5,999	$6,750	$8,345	$7,912

Top Counties Near Newark

There are a total of 5 counties located by Newark, NJ. Some of these counties include Hudson, NJ, Essex, NJ, and Union, NJ. The average rent for rentals in these counties is $2,700. That's roughly around $35 per sqft. The county that is the most affordable is Hudson, 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 Newark, NJ.

Typically, rent for studios in Newark, NJ is 11.49% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newark, NJ is 25.71% more affordable than other counties nearby. Finally, rent for two bedrooms in 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
Hudson, NJ	$2,425	$2,200	$2,400	$2,500
Essex, NJ	$1,550	$1,950	$2,400	$2,500
Union, NJ	$1,650	$2,000	$2,500	$2,700
Brooklyn, New York, NY	$3,550	$4,108	$5,000	$4,200
Manhattan, New York, NY	$4,000	$5,225	$7,185	$5,495

Top Zipcodes Near Newark

There are a total of 50 zipcodes in or near Newark, NJ. The average rent for all of these zipcodes is $5,097.

Studios in these zipcodes have an average rent of $3,708. That's at least $96 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Newark, NJ is $4,937 per month. Or in other words, $89 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,793 per month. Which comes out to $85 per sqft. The following table includes the top 10 zipcodes in 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	$3,935	$5,242	$6,709	$5,413
10019, New York, NY	$3,830	$4,800	$6,995	$5,025
10003, New York, NY	$4,500	$5,950	$6,995	$6,000
10009, New York, NY	$3,150	$4,900	$5,995	$5,750
10038, New York, NY	$4,150	$5,495	$8,095	$5,450
11201, New York, NY	$3,624	$4,396	$6,495	$4,745
10005, New York, NY	$4,195	$5,442	$7,850	$5,000
10036, New York, NY	$3,800	$5,252	$7,047	$5,500
10025, New York, NY	$3,295	$4,600	$5,400	$5,144
10014, New York, NY	$5,200	$5,995	$8,373	$5,995

Frequently Asked Questions - Newark Average Rents

What is the average rent price in Newark, NJ?

The average monthly rental price for Newark, NJ apartments for rent is approximately $2,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Newark, NJ.

How much is a studio apartment in Newark, NJ?

The average monthly rental price for studio apartments is $2,175. There are a total of 2 studio apartment listings currently available for rent in Newark.

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

The average monthly rental price for one bedroom apartments is $1,750 and an average price per square feet of $27.00. There are a total of 38 one bedroom apartment listings currently available for rent in Newark.

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

The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $23.72. There are a total of 90 two bedroom apartment listings currently available for rent in Newark.

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

Rent prices for rentals in Newark, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.21%, one bedroom rental prices have changed by -0.28%, two bedroom rental prices have changed by -0.08%, three bedroom rental prices have changed by -0.16% year-over-year.

What is a reasonable rent price in Newark, NJ?

A reasonable rent price in Newark, NJ is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.