Average Rent in Newark, NJ
4 apartment buildings, 14 units. Real asking prices, refreshed daily.
Avg Rent
$2,703/mo
Cheapest
$2,130/mo
Properties
4
Units
14
Analysis
Rent Price Breakdown
Compare pricing across all 4 properties in Newark, NJ.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Newark, NJ Rent Prices
All 4 properties ranked by lowest available rent.
Dey & Bergen
1 Bergen St, Harrison, NJ 07029, USA
The Park View at 320
320 S Harrison St # 5H, East Orange, NJ 07018, USA
Park Bayonne
1040 John F. Kennedy Blvd, Bayonne, NJ 07002, USA
One Theater Square
2 Center St, Newark, NJ 07102, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Dey & Bergen 1 Bergen St, Harrison, NJ 07029, USA | $2,130 | $2,766 | $3.56 | 4.4 (117) | 9 |
| 2 | The Park View at 320 320 S Harrison St # 5H, East Orange, NJ 07018, USA | $2,531 | $2,569 | $1.95 | 4.3 (98) | 4 |
| 3 | Park Bayonne 1040 John F. Kennedy Blvd, Bayonne, NJ 07002, USA | $2,675 | $2,675 | $3.15 | 4.7 (58) | 1 |
| 4 | One Theater Square 2 Center St, Newark, NJ 07102, USA | -- | -- | -- | 4.5 (169) | 0 |
Explore Each Property
Dey & Bergen
4.4 (117)1 Bergen St, Harrison, NJ 07029, USA
The Park View at 320
4.3 (98)320 S Harrison St # 5H, East Orange, NJ 07018, USA
Park Bayonne
4.7 (58)1040 John F. Kennedy Blvd, Bayonne, NJ 07002, USA
One Theater Square
4.5 (169)2 Center St, Newark, NJ 07102, USA
Newark, NJ Average Rent Prices 2026
The average rent in Newark, NJ is $2,703 per month, based on 14 units across 4 apartment communities. Prices range from $2,130 at Dey & Bergen to $2,675 at Park Bayonne.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,235/mo | $2,130/mo | 4 |
| 1 Bed | $2,725/mo | $2,675/mo | 4 |
| 2 Bed | $3,000/mo | $2,531/mo | 6 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Newark, NJ, and what they pay
Tracked one-bedroom rent in Newark, NJ averages $2,725/mo, with two-bedroom units averaging $3,000/mo. At the local median household income of $48,416, that works out to 67% of gross income, a severely rent-burdened market by HUD standards.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Newark, NJ at $1,330/mo. The current tracked market average runs 103% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Newark, NJ while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in New York Metro
Demand in the New York Metro rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Prudential Financial
- Panasonic North America
- Audible
- Rutgers University
Mean one-way commute in Newark, NJ is 33 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Newark, NJ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$108,000/year
30 percent rule -- using our average rent of $2,703/mo.
Comfortable income
$130,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,130/mo), you need to earn at least $85,000/year.
Median household income in Newark, NJ is $48,416 , about 63% below the comfortable-living threshold.
Cost of living in Newark, NJ
Overall prices in Newark, NJ runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Newark, NJ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,703 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,411/mo |
Population
307,188
Median household income
$48,416
Census median rent
$1,330/mo
Rent as % of income
34.5%
Median age
34.8
Mean commute
33 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in New Jersey
How Newark, NJ rent compares to other markets in the state.
| City | Avg Rent | vs Newark, NJ | Properties |
|---|---|---|---|
| Elizabeth, NJ | $2,716 | 0% | 6 |
| Paterson, NJ | $3,421 | +27% | 5 |
Frequently asked questions
What is the average rent in Newark, NJ?
The average rent in Newark, NJ is $2,703 per month, based on 14 units across 4 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Newark, NJ?
The lowest available rent in Newark, NJ starts at $2,130 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Newark, NJ?
1-bedroom apartments in Newark, NJ average $2,725/mo. The lowest listed 1-bedroom starts at $2,675/mo across 4 units tracked.
How much is a 2-bedroom apartment in Newark, NJ?
2-bedroom apartments in Newark, NJ average $3,000/mo. Units start from $2,531/mo across 6 units currently listed.
Rent Trends in Newark, NJ
Track how apartment prices are changing over time.
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