Average Rent in Newark, NJ

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Current Versus Historical Newark, NJ Rents

Newark rentals average $1,950 for a studio rental to $2,500 for a 4-bedroom rental. The median price of all currently available listings is $2,150, or roughly $25 per square feet.

For the apartment units and housing in July 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $688 (36.94%) year-over-year from $1,862 to $2,550. 1-bedroom rentals prices have decreased by $367 (-19.13%) year-over-year from $1,917 to $1,550. 2-bedroom rentals prices have increased by $158 (7.48%) year-over-year from $2,117 to $2,275. 3-bedroom rentals prices have decreased by $267 (-10.81%) year-over-year from $2,467 to $2,200. 4-bedroom rentals prices have decreased by $58 (-2.24%) year-over-year from $2,608 to $2,550. 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 34.80% this month. 1-bedroom rents have gone down by 5.05% this month. 2-bedroom rents have gone up by 4.24% this month. 3-bedroom rents have gone down by 4.00% this month. 4-bedroom rents have gone down by 0.65% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,550	$1,862 (36.94%)	$1,875 (36.00%)
1 BR	$33.50	$1,550	$1,917 (-19.13%)	$1,440 (7.64%)
2 BR	$26.18	$2,275	$2,117 (7.48%)	$1,890 (20.37%)
3 BR	$17.43	$2,200	$2,467 (-10.81%)	$2,150 (2.33%)
4+ BR	$24.00	$2,550	$2,608 (-2.24%)	$2,399 (6.29%)

Historical Rents in Newark, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Newark

There are a total of 7 cities nearby Newark. The average rent in Newark is currently $2,738 per month. Our records show that Hackensack, NJ, with an average rent of $2,450, 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 $4,895 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 4.55% more affordable than other cities nearby. One bedrooms are about 58.52% more affordable. Two bedrooms in Newark, NJ are about 33.52% more affordable. Finally, rent for three bedrooms are about 68.18% more affordable. Want more information? Check out the top 7 cities near Newark, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Hackensack, NJ	$1,773	$1,938	$2,800	$2,450
Garfield, NJ	N/A	$1,850	$2,200	$2,475
Jersey City, NJ	$3,146	$2,843	$2,700	$2,700
Bayonne, NJ	$2,283	$2,675	$3,250	$2,738
Fort Lee, NJ	$1,795	$2,800	$3,075	$3,000
Palisades Park, NJ	$1,500	$2,000	$2,938	$3,400
New York, NY	$3,800	$4,650	$6,202	$4,895

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 West 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 $5,050 per month. Interestingly, the neighborhoods' average rent is higher than Newark's average rent, which is only $2,150. Out of all the neighborhoods in or near Newark, East Flatbush has the most affordable average rent at $3,198 per month. Whereas, at $8,475 average rent per month, Two Bridges 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	$3,250	$3,353	$3,761	$3,600
Crown Heights, New York, NY	$3,235	$3,500	$4,333	$3,697
West Harlem, New York, NY	$2,750	$3,500	$3,775	$3,775
Harlem, New York, NY	$3,000	$3,400	$3,895	$3,995
East Harlem, New York, NY	$3,300	$3,600	$3,895	$4,200
Prospect Heights, New York, NY	$3,647	$4,375	$5,787	$4,365
Downtown Brooklyn, New York, NY	$3,668	$4,425	$6,400	$4,555
Long Island City, New York, NY	$3,650	$4,607	$6,508	$4,598
Fort Greene, New York, NY	$3,470	$4,575	$6,563	$4,660
Upper East Side, New York, NY	$3,263	$4,500	$6,500	$4,795
Murray Hill, New York, NY	$3,925	$4,900	$7,900	$4,795
Greenpoint, New York, NY	$3,645	$4,503	$6,877	$4,830
Hell's Kitchen, New York, NY	$3,660	$4,400	$6,495	$4,850
Upper West Side, New York, NY	$3,500	$4,783	$7,000	$4,995
Williamsburg, New York, NY	$4,055	$4,695	$5,650	$5,000
Financial District, New York, NY	$4,100	$5,300	$7,105	$5,196
Midtown, New York, NY	$4,045	$4,975	$7,402	$5,339
Midtown East, New York, NY	$3,900	$5,100	$7,310	$5,394
Kips Bay, New York, NY	$3,938	$4,786	$6,583	$5,495
NoLita, New York, NY	$3,600	$5,495	$6,995	$5,495
Greenwich Village, New York, NY	$4,700	$6,155	$7,500	$5,625
Hudson Yards, New York, NY	$4,225	$5,625	$8,345	$5,695
West Village, New York, NY	$4,500	$5,800	$7,300	$5,995
East Village, New York, NY	$3,995	$4,295	$6,495	$5,995
Chelsea, New York, NY	$4,495	$6,018	$9,869	$6,028
Gramercy Park, New York, NY	$4,100	$5,550	$5,650	$6,400
Lower East Side, New York, NY	$4,095	$4,495	$5,995	$6,430
Stuyvesant Town - Peter Cooper Village, New York, NY	$5,250	$6,378	$7,491	$6,879
NoMad, New York, NY	$4,458	$5,995	$8,000	$6,950
Tribeca, New York, NY	$5,977	$6,999	$8,495	$7,995

Top Counties Near Newark

There are a total of 6 counties located by Newark, NJ. Some of these counties include Essex, NJ, Union, NJ, and Hudson, NJ. The average rent for rentals in these counties is $2,923. That's roughly around $44 per sqft. The county that is the most affordable is Essex, NJ. Its average rent per month is $2,400. Vice versa, with an average rent of $5,460, Manhattan, New York, NY is the most expensive county by Newark, NJ.

Typically, rent for studios in Newark, NJ is 21.99% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newark, NJ is 61.85% more affordable than other counties nearby. Finally, rent for two bedrooms in Newark, NJ is 39.23% 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	$1,600	$2,000	$2,400	$2,400
Union, NJ	$1,575	$2,100	$2,348	$2,500
Hudson, NJ	$2,358	$2,569	$2,700	$2,700
Staten Island, New York, NY	$2,400	$2,894	$3,426	$3,146
Brooklyn, New York, NY	$3,560	$4,112	$4,999	$4,219
Manhattan, New York, NY	$3,950	$5,111	$6,913	$5,460

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 $4,973.

Studios in these zipcodes have an average rent of $3,700. That's at least $90 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Newark, NJ is $4,661 per month. Or in other words, $88 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,579 per month. Which comes out to $86 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	$3,925	$4,995	$7,400	$5,295
10019, New York, NY	$3,874	$4,650	$7,000	$4,995
10003, New York, NY	$4,350	$5,575	$6,495	$5,900
10009, New York, NY	$3,500	$4,495	$6,400	$6,206
10038, New York, NY	$3,975	$5,345	$7,059	$5,391
11201, New York, NY	$3,650	$4,500	$6,495	$4,790
10005, New York, NY	$4,100	$5,000	$7,600	$4,882
10036, New York, NY	$3,959	$5,095	$7,195	$5,495
10025, New York, NY	$3,375	$4,350	$5,950	$4,650
10014, New York, NY	$5,085	$5,850	$7,495	$5,900

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 $2,150. 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 $1,950. There are a total of 3 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 $1,688 and an average price per square feet of $33.50. There are a total of 22 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 $2,200 and an average price per square feet of $26.18. There are a total of 45 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 0.37%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by 0.07%, three bedroom rental prices have changed by -0.11% year-over-year.

What is a reasonable rent price in Newark, NJ?

A reasonable rent price in Newark, NJ is around $1,720/month. You can search for these reasonably priced rental listings on RentHop.