Last updated
Average Rent in Newark 07029 & Rent Trends
Rent prices and market trends across 1 apartment community in Newark 07029, Newark, NJ. Updated daily.
Market Average
$2,766/mo
▲ +1.7% from last month
Lowest Available
$2,130/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
9
available now
Newark 07029 vs Newark, NJ Average
Newark 07029 is more expensive the Newark, NJ average by $63/mo (2%). The citywide average is $2,703/mo across all neighborhoods.
Is Rent Going Up or Down in Newark 07029?
As of May 2026, the average rent in Newark 07029 is $2,766 per month across 1 apartment community and 9 available units. Rents have increased $47 (1.7%) over the past month.
The most affordable option is Dey & Bergen starting at $2,130/mo. By unit type, a studio averages $2,235/mo, a 1-bedroom averages $2,742/mo, a 2-bedroom averages $3,863/mo.
Prices range from $2,130 to $4,175 per month. The most common price point is the $2,200 range, where 3 units are currently listed.
Newark 07029 Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Newark 07029
Rent Prices by Apartment in Newark 07029
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Dey & Bergen | $2,130/mo | $2,766/mo | 9 | 4.4 |
Google Search Trends for Newark 07029 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Newark 07029
What is the average rent in Newark 07029?
Is rent going up or down in Newark 07029?
What is the cheapest apartment in Newark 07029?
How much is a 1-bedroom apartment in Newark 07029?
How many apartments are available in Newark 07029?
What salary do I need to live comfortably in Newark 07029?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$111,000/year
30 percent rule -- using our average rent of $2,766/mo.
Comfortable income
$133,000/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 07029 is $48,416 , about 64% below the comfortable-living threshold.
Cost of living in Newark 07029
Overall prices in Newark 07029 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 07029's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,766 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,474/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.
Explore Newark 07029 Apartments
Browse all 1 communities with daily-updated pricing and availability.