Rental Market Trends in Newark, NJ

What is the average rent in Newark, NJ?Choose another area

The average rent in Newark, NJ, as of June 2025, is approximately $2047 per month for all property types. Rent prices can vary depending on the neighborhood and the type of rental property. Rent prices are influenced by factors like neighborhood popularity, proximity to amenities, and the overall housing market trends in the city.

Market summary

Data is based on rental rates on sulekha.com. Last updated in June 2025.

Average Rental Price Over Time

How much has the average rent changed in Newark, NJ?

The average rent for all bedrooms and all property types is $2047,which is 0% increase compared to the previous year.

2023
2024

Occupied Housing Units in Newark, NJ

Property

Compare Average Rents Across Top Markets

Discover how rent prices in your selected city compare to those in other cities.

Newark, NJvs

$2047

Need a place to stay or have a rental to offer?

Answer a few questions, and we'll help you find the ideal match.

Get Matched Today

Post Your Space for Rent

Have a room or property to rent?

List it on Sulekha to connect with serious seekers quickly. Reach a focused audience and find the right tenant or roommate without hassle.

List Your Place

Share Your Requirements

Let us help you find the right place or roommate.

Submit your preferences - budget, location, and amenities - and we’ll provide tailored matches to suit your needs.

Get Started Now

Explore Listings & Discover Your Ideal MatchLet us help you find the right place or roommate.

Browse our extensive listings featuring rooms and rentals in popular neighborhoods across the city. Whether you're looking for a budget-friendly space, a fully furnished apartment, or the right person to share your home with, Sulekha has options tailored to every preference.

Find Rooms & Rentals

Neighborhood Rent Trends in Newark, NJ

Explore the rent ranges for different neighborhoods.

All beds

All types

Neighborhoods	Average rent
Ironbound, NJ	$2650
Downtown Newark, NJ	$2650
Central Business District, NJ	$2650
Government Center, NJ	$2650
Chinatown, NJ	$2650
Lower Broadway Neighborhood, NJ	$2650
Central Ward, NJ	$2650
Clinton Hill, NJ	$2650
Lower Clinton Hill, NJ	$2650
Four Corners, NJ	$2450

Average rent in Nearby cities

Explore rent trends in other markets.

FAQs

Answers to Your Rental Questions

We've got answers to your most common questions about rentals, from property listings to pricing trends and everything in between.

What is the average rent in Newark, NJ?

The average rent in Newark, NJ is around $2047 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Newark, NJ.
How many rentals are available in Newark, NJ?

Currently, there are 1 rental properties available in Newark, NJ. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Newark, NJ, you have plenty of choices to explore!
What are the best neighborhoods to rent in Newark, NJ?
If you're looking for budget-friendly neighborhoods in Newark, NJ, consider these options:
These neighborhoods offer rental rates lower than the city's overall average, making them attractive options for renters.
What are the most affordable neighborhoods in Newark, NJ?
The most expensive neighborhoods in Newark, NJ are:
How much has the average rent changed in Newark, NJ?

Over the past year, the average rent in Newark, NJ have increased by approximately 0%, which translates to $170 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.
How much has the rent in Newark, NJ increased or decreased in the last month?

The Average rent price in Newark, NJ for June 2025 is $2047, which is $133 less than in May.