1,458

Newark, NJ Homes for Rent

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  • /64

    Starting at $2,108 Per Month

    • Studio - 2 Beds

    1213-1221 Broad St, Newark, NJ 07114

    Step into a residence where space is perfected for luxury living. Expansive, open-concept design is bathed in natural light, magnified by soaring ceilings and walls of floor-to-ceiling glass. The brilliant layout ensures a seamless flow between rooms. Entertain guests who will be captivated by the stunning city views and delighted by the built-in luxury amenities.

    Nova by Gomes

    1213-1221 Broad St, Newark, NJ 07114
  • /13

    $2,000 Per Month

    • 3 Beds
    • 1 Bath
    • House for Rent

    45 Highland Ave Unit 2, Newark, NJ 07104

    Beautifully renovated 3-bedroom apartment available for rent in a very desirable section of Newark close to Branch Brook Park. 2nd floor apartment featuring renovated kitchen and bathroom, stainless steel appliances and central AC/ Heating system. Conveniently situated within walking distance to local business, parks, shopping, dining, and transportation to NYC. Won't miss it, schedule a tour

    Agent Photo

    Giselle Ortega

    KELLER WILLIAMS PARK VIEWS

    45 Highland Ave Unit 2, Newark, NJ 07104
  • /33

    Starting at $2,075 Per Month

    • 1 - 2 Beds

    58-84 Norfolk St, Newark, NJ 07103

    At Envy, you don't just live — you experience a lifestyle defined by unparalleled elegance and sophistication. From the moment you step inside, you can feel the difference. Every detail, from the rich, opulent finishes to the meticulously curated exclusive amenities, has been carefully chosen to provide you with an atmosphere of sumptuous comfort and refined luxury. Here, the art of living well

    Envy by Gomes

    58-84 Norfolk St, Newark, NJ 07103
  • /11

    $1,100 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    37 Mapes Ave Unit 11, Newark, NJ 07112

    Welcome to 37 Mapes Ave in Newark?s Weequahic section! This offering is for ONE PRIVATE BEDROOM within a shared first-floor residence, with ALL UTILITIES INCLUDED, INCLUDING Wi-Fi. Adding even more privacy and convenience, this particular room features its own private exterior entrance, allowing the tenant to enter and exit without walking through the main apartment. The room is also accessible

    Agent Photo

    Lamarr Robinson

    IDENTITY PROPERTIES

    37 Mapes Ave Unit 11, Newark, NJ 07112
  • /53

    Starting at $1,957 Per Month

    • Studio - 2 Beds

    50-54 Sussex Ave, Newark, NJ 07103

    Welcome to Hoyt Tower on the corner of luxury and sophistication!Spanning 15 stories, Hoyt Tower is located in one of Newark's most trending neighborhoods, University Heights. Offering unparalleled studio, one, and two-bedroom units, you are sure to find your urban sanctuary. Using contemporary craftsmanship, flowing floor plans, and enhanced Italian design finishes, Hoyt residences are the

    Hoyt Tower

    50-54 Sussex Ave, Newark, NJ 07103
  • /11

    $2,500 Per Month

    • 3 Beds
    • 1 Bath
    • Apartment for Rent

    86 Mapes Ave Unit 1, Newark, NJ 07112

    Spacious rental available at 86 Mapes Ave in Newark! This unit features three generously sized rooms, one full bathroom, and the convenience of in unit laundry. On street parking is available. Conveniently located near shopping, dining, public transportation, and major roadways, offering easy access to everyday essentials and commuting options. Schedule your showing today!

    Agent Photo

    Mario Aristizabal

    COLDWELL BANKER LIBERTY

    86 Mapes Ave Unit 1, Newark, NJ 07112
  • /46

    Starting at $2,366 Per Month

    • Studio - 2 Beds

    930 McCarter Hwy, Newark, NJ 07102

    PARQ930 isn’t just on Newark’s waterfront, it is Newark’s waterfront. This is where the tranquil rhythm of the Passaic meets the electric pulse of a city on the tipping point of its most extraordinary moment. And our 25-story oasis is the only place where you don’t just witness Newark’s finest hour—you make it happen. Where 30,000 square feet of amenities feels like a club—spaces to gather,

    PARQ 930

    930 McCarter Hwy, Newark, NJ 07102
  • /41

    $3,000 Per Month

    • 3 Beds
    • 2 Baths
    • Apartment for Rent

    168 Johnson Ave Unit 2, Newark, NJ 07108

    Spacious 3-bedroom, 2-bathroom apartment for rent in the Lower Clinton Hill section of Newark. Features three bedrooms, a comfortable living room, dining room, kitchen, and two full bathrooms, offering a practical and spacious layout for everyday living.Conveniently located near Weequahic Park and Golf Course, Newark Liberty International Airport, Route 22, and Interstate 78, with easy access to

    Agent Photo

    Daniel Lynch

    RE/MAX FIRST REALTY

    168 Johnson Ave Unit 2, Newark, NJ 07108
  • /117

    Starting at $1,990 Per Month

    • 1 - 2 Beds

    2 Spring St, Newark, NJ 07104

    Amazing New Rents! Apply within 48 Hours to get a Waived Amenity Fee! One Month off Public Transportation!At Spring Street Commons, residents enjoy a lifestyle of convenience and luxury. Our rooftop lounge offers stunning city views, perfect for relaxation or social gatherings. The state-of-the-art fitness center is equipped to meet all your workout needs, while the modern business center

    Spring Street Commons

    2 Spring St, Newark, NJ 07104
  • /12

    $1,650 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    840 Mount Prospect Ave Unit 1, Newark, NJ 07104

    Charming 1-bedroom ground-floor apartment with one parking space included in the monthly rent. Ideally located in the desirable North section of Newark, with easy access to schools, public transportation, and local shopping. Tenant is responsible for electric, hot water, and cooking gas.

    Agent Photo

    Lionel Cruz

    COMPASS NEW JERSEY LLC

    840 Mount Prospect Ave Unit 1, Newark, NJ 07104
  • /79

    Starting at $2,225 Per Month

    • Studio - 2 Beds

    55 Union St, Newark, NJ 07105

    Welcome to 55 Union, Newark's premier luxury residential destination. Nestled in the heart of the iconic Ironbound, our collection of sophisticated studio, one-, and two-bedroom residences offers an elevated lifestyle inspired by modern design, exceptional hospitality, and effortless convenience. From floor-to-ceiling windows and designer finishes to rooftop lounges with Manhattan skyline views,

    55 Union

    55 Union St, Newark, NJ 07105
  • /16

    $2,100 Per Month

    • 3 Beds
    • 1 Bath
    • Apartment for Rent

    37 Mapes Ave Unit 2, Newark, NJ 07112

    Welcome to this bright and spacious second-floor apartment in Newark?s Weequahic section. The home offers a flexible three-bedroom layout, including a walk-through bedroom that may also serve as a home office, dressing room or bonus space. Fresh neutral finishes, attractive flooring, abundant windows and beautiful original details?including decorative millwork, bay windows and a coffered

    Agent Photo

    Lamarr Robinson

    IDENTITY PROPERTIES

    37 Mapes Ave Unit 2, Newark, NJ 07112
  • /39

    Starting at $2,058 Per Month

    • Studio - 2 Beds

    10 Prospect St, Newark, NJ 07105

    10Prospect

    10 Prospect St, Newark, NJ 07105
  • /29

    $2,800 Per Month

    • 4 Beds
    • 1 Bath
    • Apartment for Rent

    27 Cleveland Ave Unit 29, Newark, NJ 07106

    Huge 4-bedroom apartment spread across 2 floors with dedicated office, beautiful hardwood floors, freshly painted, gorgeous brand-new modern bathroom, separate living room, separate dining room, large kitchen, spacious pantry, and plenty of natural light throughout. Very comfortable living. The unit also comes with 2 assigned parking spaces, and cold water is included. Tenant is responsible for

    Agent Photo

    Yolie Dantel

    KELLER WILLIAMS CITY LIFE REALTY

    27 Cleveland Ave Unit 29, Newark, NJ 07106
  • /69

    Starting at $2,150 Per Month

    • 1 - 3 Beds

    440 Elizabeth Ave, Newark, NJ 07112

    MOVE IN BY OCTOBER 1ST & GET 2 MONTHS FREE RENT!* *Restrictions apply. Select Units only.Welcome home to Cosmo440, where sophisticated living meets the pinnacle of comfort and style in the heart of Newark, NJ. Just minutes from Newark Airport and completely pet friendly, this premier residential destination offers an unparalleled experience through its brand new, luxury apartments

    Cosmo440 Luxury Apartments

    440 Elizabeth Ave, Newark, NJ 07112
  • /11

    $2,425 Per Month

    • 4 Beds
    • 2 Baths
    • Apartment for Rent

    383 Central Ave Unit 3, Newark, NJ 07103

    HUGE four-bedroom, two-bathroom apartment is now available on Central Avenue in North Newark/UNIVERSITY HEIGHTS. Located on one floor, this generously sized unit offers hardwood floor throughout, central air, forced hot air and best part of all 2 bathrooms. Just minutes from local bus routes, train stations, and key commuter roads, it's an ideal choice and a well-located home with a smooth and

    Agent Photo

    Jazmine Clausen-Soir

    BHGRE ELITE

    383 Central Ave Unit 3, Newark, NJ 07103
  • /81

    Starting at $2,353 Per Month

    • 1 - 2 Beds

    10 Commerce Ct, Newark, NJ 07102

    The Mercer is a newly renovated 110-unit residential building offering modern living with premium on-site amenities in a central Newark location. Designed to support both comfort and productivity, the building delivers a contemporary rental experience tailored to today’s urban lifestyle.Residents enjoy access to an on-site fitness center, a tenant lounge ideal for relaxing or socializing,

    The Mercer

    10 Commerce Ct, Newark, NJ 07102
  • /7

    $2,000 Per Month

    • 2 Beds
    • 1 Bath
    • 1,305 Sq Ft
    • Condo for Rent

    840 Mount Prospect Ave Unit 3, Newark, NJ 07104

    Charming 2-bedroom apartment located in Newark's desirable North Section, offering a convenient location with easy access to public transportation, local shopping, dining, and other neighborhood amenities. This inviting apartment provides comfortable living space at an attractive price point with convenient access to major roadways and surrounding areas. Don't miss this opportunity schedule your

    Agent Photo

    Lionel Cruz

    COMPASS NEW JERSEY LLC

    840 Mount Prospect Ave Unit 3, Newark, NJ 07104
  • /36

    Starting at $1,903 Per Month

    • Studio - 2 Beds

    24 Jones St, Newark, NJ 07103

    24 Jones offers an escape from the busy city life with quick access to public transportation and easy commute to NYC, Newark Airport, and Newark Penn Station. We offer studio, one, and two bedroom apartments in the University Heights section of Newark, NJ. Perfect for students too, we have a ROOMMATE Match-Making program for Off- Campus housing-- available for those University Students looking

    24 Jones

    24 Jones St, Newark, NJ 07103
  • /13

    $1,750 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    112 Chadwick Ave Unit 3, Newark, NJ 07108

    Discover your next home at 112 Chadwick Ave! This spacious third-floor apartment situated in a 3-Family home, features hardwood floors throughout, stainless steel appliances, and a pet friendly location! A commuters dream, the property is steps from mass transit, minutes from major highways, and moments from shopping and dining. Schedule your tour today!

    Agent Photo

    Tayllor Cooper

    COOPER MCKELVEY REAL ESTATE CO.

    112 Chadwick Ave Unit 3, Newark, NJ 07108
  • /2

    Starting at $2,000 Per Month

    • 1 - 2 Beds

    828 Summer Ave, Newark, NJ 07104

    Experience modern living in this beautiful new 5-story community offering spacious floor plans, competitive rates, and impressive square footage. Residents enjoy premium amenities including a fitness center, resident lounge, rooftop terrace, and secure garage parking. Select apartments feature private balconies, and every home includes in-unit laundry. Pet-friendly and thoughtfully designed, this

    Summer Avenue Apartments

    828 Summer Ave, Newark, NJ 07104
  • /16

    $1,350 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    53 2nd Ave Unit 3, Newark, NJ 07104

    **THIS IS A PRIVATE, FULLY FURNISHED ROOM FOR RENT WITHIN A SHARED APARTMENT** NOT AN ENTIRE APARTMENT. Enjoy a comfortable, stylish, and convenient living experience in this beautifully furnished third-floor residence. Each private bedroom is thoughtfully appointed with a bed, attractive d cor, comfortable seating, storage space, and a smart TV.Tenants will share the beautifully designed common

    Agent Photo

    SYDNEY WHITE

    IDENTITY PROPERTIES

    53 2nd Ave Unit 3, Newark, NJ 07104
  • /41

    Starting at $2,000 Per Month

    • 1 - 2 Beds

    448-452 S Orange Ave, Newark, NJ 07103

    Welcome to 448-452 S Orange Ave, a brand-new luxury apartment community in Newark, NJ. Built in 2026, this modern 5-story building offers thoughtfully designed residences with contemporary finishes and convenient amenities tailored to today's lifestyle. Residents enjoy access to a community room, a fitness center, bicycle storage room, elevator service, and secure controlled access featuring

    The Unity at S Orange Ave

    448-452 S Orange Ave, Newark, NJ 07103
  • /14

    $2,950 Per Month

    • 3 Beds
    • 2 Baths
    • Apartment for Rent

    453-455 Washington St Unit 2, Newark, NJ 07102

    Spacious 3-Bedroom Apartment for Rent " Newark, NJ. Available now, this beautifully updated 3-bedroom, 2-bathroom apartment features nice finishes throughout, in-unit laundry for added convenience, and 1 garage space included. Tenants have the flexibility to choose a furnished or vacant unit upon lease signing, and are responsible for gas and electric.

    Agent Photo

    Carlie Carreira

    EXP REALTY, LLC

    453-455 Washington St Unit 2, Newark, NJ 07102
  • /75

    Starting at $1,750 Per Month

    • Studio - 2 Beds

    44 Irvine Turner Blvd, Newark, NJ 07103

    Luxury Living at its Finest in the Heart of Newark!Discover an exceptional living experience at The Art of Newark, our newest and most exquisite luxury rental building in the heart of the city. Immerse yourself in a world of modern elegance and artistic flair as we redefine urban living with our thoughtfully designed studios, one-bedroom, and two-bedroom apartments.

    Art Of Newark

    44 Irvine Turner Blvd, Newark, NJ 07103
  • /12

    $1,650 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    840 Mount Prospect Ave Unit 1, Newark, NJ 07104

    Charming 1-bedroom ground-floor apartment with one parking space included in the monthly rent. Ideally located in the desirable North section of Newark, with easy access to schools, public transportation, and local shopping. Tenant is responsible for electric, hot water, and cooking gas.

    Agent Photo

    Lionel Cruz

    Compass New Jersey, LLC-Jersey City

    840 Mount Prospect Ave Unit 1, Newark, NJ 07104
  • /38

    Starting at $1,964 Per Month

    • Studio - 2 Beds

    1180 Raymond Blvd, Newark, NJ 07102

    First Month FREE!

    Eleven80

    1180 Raymond Blvd, Newark, NJ 07102
  • /17

    $2,000 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    322 New St Unit 2ND FLOOR, Newark, NJ 07103

    Newly renovated rental located close to University heights! Prime location close to campus, public transit, and downtown amenities. Walking distance to NJIT, Rutgers Law, and 20 mins to NYC by train, close to major highways, shopping, restaurants, parks, and schools, this home provides easy access to everything you need. Schedule your private showing today! Application Link: NTN also accepted.

    Agent Photo

    Karla Roman

    Weichert Realtors-Princeton Junction

    322 New St Unit 2ND FLOOR, Newark, NJ 07103
  • /67

    Starting at $2,800 Per Month

    • 2 Beds

    209-213 Mount Pleasant Ave, Newark, NJ 07104

    Welcome to 209 Mount Pleasant, a brand new building located in the heart of Newark, NJ. Enjoy modern living with an amazing rooftop offering stunning city views and a fully-equipped gym for your fitness needs. Experience luxury and convenience in this stylish, newly constructed property, designed to provide comfort and ease. Make this your new home today! Promotions for selected units* -

    209-213 Mount Pleasant Ave, Newark, NJ 07104
  • /12

    $2,200 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Apartment for Rent

    24 Garibaldi Ave Unit 1, Newark, NJ 07114

    Elegant first-floor 2 bed 1 bath apartment in a brand-new construction building. This bright open-concept home features a beautifully designed kitchen with marble countertops and stainless-steel appliances. Enjoy the comfort of an in-unit washer and dryer, central air, and a private parking space. Ideally located just minutes from Newark Airport and offering a seamless commute to NYC.

    Agent Photo

    Masha Landkof

    REAL

    24 Garibaldi Ave Unit 1, Newark, NJ 07114
  • /46

    Starting at $2,104 Per Month

    • Studio - 2 Beds

    303 Washington St, Newark, NJ 07102

    NOW LEASING | UP TO 2 MONTHS FREE + 6 MONTHS OF AMENITY FEES WAIVEDWelcome to The Distrikt, a new luxury rental community in Downtown Newark offering studios, one-bedroom and two-bedroom residences with an exceptional collection of wellness, fitness, entertainment and work-from-home amenities.CURRENT LEASING SPECIALS• 1 month free on a 13-month lease• 2 months free on

    The Distrikt

    303 Washington St, Newark, NJ 07102
  • /15

    $1,900 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    17 Hazelwood Ave, Newark, NJ 07106

    Welcome home to this spacious 3rd-floor 2-bedroom, 1-bath apartment located on a quiet, one-way street at 17 Hazelwood Ave, Newark, NJ. Offering a comfortable layout and an unbeatable commuter-friendly location, this apartment is perfect for anyone looking to enjoy both convenience and neighborhood charm. Inside, you'll find brand new wall-to-wall carpeting throughout, brand-new kitchen

    Agent Photo

    Tayllor Cooper

    COOPER MCKELVEY REAL ESTATE CO.

    17 Hazelwood Ave, Newark, NJ 07106
  • /43

    Starting at $2,075 Per Month

    • Studio - 2 Beds

    540 Broad St, Newark, NJ 07102

    Schedule a virtual or in-person presentation with us today to experience a world of simple elegance and timeless design. The residences at Walker House are a cultivated blend of sophistication and serenity offering spacious studio, 1, 2, and 3-bedroom layouts built to inspire and delight. Expansive windows, designer kitchens, custom appointments and an unsurpassed attention to the creature

    Walker House

    540 Broad St, Newark, NJ 07102
  • /15

    $2,800 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    53 2nd Ave Unit 2, Newark, NJ 07104

    THIS IS A FULLY FURNISHED APARTMENT. A rare opportunity to enjoy a beautifully appointed home where comfort, style, and convenience are already in place. This spacious second-floor 2-bedroom, 1-bath residence is offered complete with attractive furniture, tasteful d cor, beds, seating, smart TVs, and everything needed for comfortable everyday living.The bright open-concept layout creates a warm,

    Agent Photo

    SYDNEY WHITE

    IDENTITY PROPERTIES

    53 2nd Ave Unit 2, Newark, NJ 07104
  • /45

    Starting at $2,475 Per Month

    • 1 - 2 Beds

    42-50 Vesey St, Newark, NJ 07105

    Welcome to CENTURION IRONBOUND, where luxury living meets the vibrant spirit of revitalized Newark. Discover our brand-new residences with beautifully finished interiors, lofty nine-foot ceilings, spacious walk-in closets, and more.This brand-new home comes fitted with a gas range stove, slate appliances, an in-home washer and dryer, and smart technology keyless doors.Step inside

    CENTURION IRONBOUND

    42-50 Vesey St, Newark, NJ 07105
  • /9

    $1,300 Per Month

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Apartment for Rent

    2 Noll Place Unit 14, Newark, NJ 07106

    Agent Photo

    Alena Ciccarelli

    COMPASS NEW JERSEY, LLC

    2 Noll Place Unit 14, Newark, NJ 07106
  • /54

    Starting at $1,500 Per Month

    • 1 - 3 Beds

    36 Muhammad Ali Ave, Newark, NJ 07108

    Affordable, garden-style living within a gated community in sought-after Central Newark. Each apartment features modern renovations with updated bathrooms and kitchens equipped with high-quality stainless-steel appliances. We welcome pets, making our community perfect for families and individuals alike.

    High Park Terrace

    36 Muhammad Ali Ave, Newark, NJ 07108
  • /11

    $2,600 Per Month

    • 4 Beds
    • 2 Baths
    • Apartment for Rent

    149-151 Scheerer Ave Unit 2, Newark, NJ 07112

    Spacious and inviting, this second-floor apartment offers the perfect blend of comfort and functionality. Featuring four generously sized bedrooms and two full bathrooms, the layout provides ample space for both everyday living and entertaining. Sunlight fills the home through well-placed windows, creating a bright and welcoming atmosphere throughout.The apartment boasts a thoughtfully designed

    Agent Photo

    Cinthia Barton

    Coldwell Banker, Summit

    149-151 Scheerer Ave Unit 2, Newark, NJ 07112
  • /55

    Starting at $2,080 Per Month

    • Studio - 2 Beds

    80 Freeman St, Newark, NJ 07105

    The Ballantine name pays homage to the famous Ballantine Brewery that once operated where our new residential collection stands today. Meticulously designed with only the best finishes and fixtures, our residences provide all the creature comforts of contemporary living with plenty of space to live, work, and play. Discover an amenity collection with tailored conveniences and luxurious

    The Ballantine

    80 Freeman St, Newark, NJ 07105
  • /10

    $1,900 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Apartment for Rent

    45 Highland Ave Unit 1, Newark, NJ 07104

    Beautifully renovated 2-bedroom apartment available for rent in a very desirable section of Newark close to Branch Brook Park. This first-floor unit features a convenient layout with beautiful finishes. The kitchen features stainless steel appliances and a granite countertop. Conveniently situated within walking distance to local business, parks, shopping, dining, and transportation to NYC. Won't

    Agent Photo

    Giselle Ortega

    KELLER WILLIAMS PARK VIEWS

    45 Highland Ave Unit 1, Newark, NJ 07104

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Why Live in Newark

Newark's cultural scene thrives at the New Jersey Performing Arts Center, which hosts Broadway-caliber shows, while the Prudential Center brings NHL action with the New Jersey Devils and major concert events. The Newark Museum of Art showcases diverse collections including Tibetan art within the historic Ballantine House. Branch Brook Park contains the largest collection of cherry blossom trees in the United States, creating spectacular spring displays. The Cathedral Basilica of the Sacred Heart stands as an architectural marvel, while the revitalized Riverfront Park provides scenic walks along the Passaic River. The dining scene features standout restaurants like Fornos of Spain serving traditional Spanish cuisine and Adega Grill offering Portuguese seafood specialties.

The housing market presents diverse options across neighborhoods. The median sale price in Newark is $415,600. Single-family homes in Forest Hill command a median price of $575,000, while similar homes in the Ironbound area have a median price of $416,000. Downtown Newark single-family homes reach a median of $834,400. Condominiums provide more affordable options, with one-bedroom units at a median price of $239,000 and two-bedroom units at $337,500.

The cost of living in Newark runs 13.9% above the national average. A family with school-age children needs approximately $120,000 annually to live comfortably, while renters should aim for $73,000. Property taxes in Essex County stand at 2.02%, slightly higher than nearby Jersey City at 1.85%. Transportation options include NJ Transit trains, PATH service to Manhattan, and Newark Light Rail. The city houses prestigious institutions including Rutgers University-Newark and New Jersey Institute of Technology. Science Park High School stands out among public schools with an A rating, while private institutions like St. Benedict's Preparatory School serve multiple neighborhoods with A-rated education.

Frequently Asked Questions

How much does it cost to rent a home in Newark, NJ?
The median rent for a home in Newark, NJ is $2,200 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Newark, NJ?
To comfortably afford the median rent in Newark, NJ, a household needs to earn roughly $88,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,200 per month in Newark, NJ, renters typically need to show $6,600 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Newark, NJ?
In Newark, NJ, the price-to-rent ratio is 15.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Newark, NJ are best for renting a home?
The best neighborhood for renting in Newark, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include South Ironbound, South Broad Valley, Downtown Newark, Springfield-Belmont and North Ironbound, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
966
Median Rent
$2,200
Median Single Family Home Rent
$2,350
Median Townhouse Rent
$2,600
Median Condo Rent
$2,100
How to Rent a Home