1,561

Newark, NJ Homes for Rent

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  • /54

    Starting at $1,950 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
  • /15

    $3,100 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,465 Sq Ft
    • Condo for Rent

    9 Seton Hall Dr, Newark, NJ 07103

    This unit was renovated in 2020 with new windows, washer/dryer, tile, vanities, new plank flooring on the first floor. The spacious primary bedroom features walk in closet and private bathroom. Convenient laundry room located on same level as the bedrooms. Society Hill features amenities include outdoor swimming pool, tennis courts, 24 hour security, clubhouse and playground area. Great location

    Agent Photo

    Mary Ann Sgobba

    NJ REALTY CENTER

    9 Seton Hall Dr, Newark, NJ 07103
  • /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
  • /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
  • /117

    Starting at $2,190 Per Month

    • 1 - 2 Beds

    2 Spring St, Newark, NJ 07104

    1 Month Free on a 14-Month Lease on Select Units! Apply within 48 hours and get a waived amenity fee!1 Month Off Public Transportation - We will cover your 15-minute train ride to Manhattan!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

    Spring Street Commons

    2 Spring St, Newark, NJ 07104
  • /15

    $2,265 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    400 N 11th St, Newark, NJ 07107

    Spacious updated 2-bedroom apartment with an office space, living room and dining room. Available June 1st. Excellent location in North Newark, NJ. Featuring a bright and spacious layout, perfect for comfortable living and working from home. Heating included it. Washer included it Conveniently located close to schools, shopping, restaurants, and transportation. Great commuter location with easy

    Agent Photo

    Javier Gomez

    KELLER WILLIAMS PARK VIEWS

    400 N 11th St, Newark, NJ 07107
  • /79

    Starting at $2,199 Per Month

    • Studio - 3 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
  • /11

    $1,300 Per Month

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • House for Rent

    2 Noll Place Unit 8, Newark, NJ 07106

    One Bedroom Apartment with a spacious floor plan, great natural light, high ceilings, and good closet space. Convenient location in the Vailsburg section of Newark, close to Seton Hall, shopping, buses, parks and more. Street parking fairly easy to find. *Photos are of a similar unit.

    Agent Photo

    Alena Ciccarelli

    COMPASS NEW JERSEY, LLC

    2 Noll Place Unit 8, Newark, NJ 07106
  • /70

    Starting at $2,150 Per Month

    • 1 - 3 Beds

    440 Elizabeth Ave, Newark, NJ 07112

    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 that redefine modern living. Each of our 1,2 and 3 bedroom apartments feature upgraded amenities

    Cosmo440 Luxury Apartments

    440 Elizabeth Ave, Newark, NJ 07112
  • /9

    $2,300 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    139 Clifton Ave Unit 1, Newark, NJ 07104

    WELCOME TO THIS GREAT RENTAL OPPORTUNITY ! This 1st floor apartment offers you a kitchen, living room, 2 bedrooms and 1 full bathroom! Located just blocks from parks, cafes, shops, restaurants, and public transportation, including NJ Transit, the light rail, and more! Schedule a private tour today!

    Agent Photo

    Gustavo Santacruz

    ACCESS HOME REALTY

    139 Clifton Ave Unit 1, Newark, NJ 07104
  • /33

    Starting at $2,000 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
  • /13

    $2,400 Per Month

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

    24 Garibaldi Ave, 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, Newark, NJ 07114
  • /53

    Starting at $1,875 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
  • /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
  • /36

    Starting at $1,855 Per Month

    • Studio - 1 Bed

    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
  • /11

    $1,700 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    336 Madison Ave, Newark, NJ 07108

    Welcome to this newly renovated 2-bedroom, 1-bath second-floor unit offering modern finishes and comfortable living. Unit offers stainless steel appliances, updated fixtures, and abundant natural light throughout the entire space.Conveniently located near schools, public transportation, shopping centers, and grocery stores, making everyday living simple...

    Agent Photo

    Mitchel Lafortune

    ESSENTIAL REAL ESTATE

    336 Madison Ave, Newark, NJ 07108
  • /36

    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
  • /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
  • /73

    Starting at $1,900 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
  • /17

    $2,600 Per Month

    • 3 Beds
    • 1.5 Baths
    • Apartment for Rent

    96-98 Goldsmith Ave Unit 2, Newark, NJ 07112

    This beautifully renovated eight-room apartment is on the second floor of a multi-family home in Newark. It features three bedrooms with closets, office, den, living room with a large brick fireplace and built-in shelving, dining room, kitchen, laundry closet, a lovely full bathroom, and powder room. The apartment boasts 12-foot ceilings throughout. Conveniently situated close to Beth Israel

    Agent Photo

    ANGELA FRITZ

    BHGRE ELITE

    96-98 Goldsmith Ave Unit 2, Newark, NJ 07112
  • /38

    Starting at $2,230 Per Month

    • Studio - 2 Beds

    1180 Raymond Blvd, Newark, NJ 07102

    First Month FREE!

    Eleven80

    1180 Raymond Blvd, Newark, NJ 07102
  • /18

    $2,450 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    111 Mulberry St Unit 3p, Newark, NJ 07102

    Available immediately, Well maintained, new hardwood flooring, new painting,2 Br 3rd floor condo with access by elevators . Club House.Car Valet Parking. Gym Facilities at no extra cost.across the street to enter for Newark Penn Station. Located next to Prudential Arena. Large corner Condo 1038sqft. Must have good credit. NO pets. Brand new refrigerator and washer/dryer. You MUST call Listing

    Agent Photo

    Mahesh Swali

    KELLER WILLIAMS ELITE REALTORS

    111 Mulberry St Unit 3p, Newark, NJ 07102
  • /57

    Starting at $2,500 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
  • /2

    $800 Per Month

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    108 4th Ave Unit B4, Newark, NJ 07104

    Private Room for Rent in Newark's Mount Pleasant/North Newark Area! This rental is for one private bedroom only and is not a full apartment. Tenant will enjoy access to a shared kitchen but private bathroom, offering an affordable and comfortable living arrangement.The room features ample natural light and convenient access to common living areas. Located in Newark's vibrant North Newark/Mount

    Agent Photo

    SYDNEY WHITE

    IDENTITY PROPERTIES

    108 4th Ave Unit B4, Newark, NJ 07104
  • /3

    Call for Price

    • Studio - 1 Bed

    303 Washington St, Newark, NJ 07102

    The Distrikt

    303 Washington St, Newark, NJ 07102
  • /8

    $2,100 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    437 7th Ave W Unit 1, Newark, NJ 07107

    Welcome to this renovated first floor 2 bedroom 1 bath unit in North Newark. The unit features a large living room, 2 large bedrooms, a kitchen with stainless steel appliances and access to the garage for storage space. Live close to transportation, parks, restaurants and much more. Unit is left side first floor.

    Agent Photo

    Fernando Leyva

    COMPASS NEW JERSEY LLC

    437 7th Ave W Unit 1, Newark, NJ 07107
  • /44

    Starting at $2,175 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
  • /2

    $1,950 Per Month

    • 3 Beds
    • 1 Bath
    • Apartment for Rent

    47 Milford Ave Unit 14, Newark, NJ 07108

    47 Milford Ave offers a roomy and bright renovated apartment featuring an open living area, 3 bedrooms with generously sized closets, and beautiful hardwood flooring throughout. The unit includes a newly updated kitchen with modern appliances and a renovated bathroom with clean, contemporary finishes. Conveniently located near NJ Transit bus lines, shopping centers, local amenities, universities,

    Agent Photo

    Jazmine Clausen-Soir

    BHGRE ELITE

    47 Milford Ave Unit 14, Newark, NJ 07108
  • /44

    Starting at $2,395 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

    $1,682 Per Month

    • 1 Bed
    • 1 Bath
    • Apartment for Rent

    475 Clinton Ave Unit 2, Newark, NJ 07108

    Clean, Updated, Ready now. Quality and Convenience, with Safety in mind . Granite counters, tile bath, newer appliances. Location- Across from the City of Newark 5th Precinct, near all shopping, transit lines, good restaurants, this is the placeAccessible to yard, pet space. Professional management, nice super, Caring Manager. Affordable, all subsidies considered.

    Agent Photo

    Stephen Buch

    YALE KENT, LLC.

    475 Clinton Ave Unit 2, Newark, NJ 07108
  • /71

    Starting at $2,100 Per Month

    • 1 - 2 Beds

    10 Commerce Ct, Newark, NJ 07102

    Experience Elevated Urban Living at Newark's Newest Luxury Mid-Rise. Welcome to The Mercer: a refined blend of industrial chic & modern comfort in the heart of Newark, NJ. This luxury mid-rise community redefines city living with spacious layouts, soaring ceilings, & striking exposed concrete accents that create an unmistakably upscale, urban aesthetic. Each beautifully designed residence

    The Mercer

    10 Commerce Ct, Newark, NJ 07102
  • /10

    $3,250 Per Month

    • 4 Beds
    • 1 Bath
    • Apartment for Rent

    439 7th Ave Unit R2, Newark, NJ 07107

    Welcome to this renovate oversized apartment in North Newark. Unit R2 is a second and third floor duplex unit with 4 bedrooms and 1 bath. The first level has a large living room, kitchen with stainless steel appliances, 2 large bedrooms and the bathroom. The second level has 2 additional large bedrooms. The unit comes with a garage space for storage.

    Agent Photo

    Fernando Leyva

    COMPASS NEW JERSEY LLC

    439 7th Ave Unit R2, Newark, NJ 07107
  • /55

    Starting at $1,995 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
  • /11

    $2,600 Per Month

    • 4 Beds
    • 2 Baths
    • Apartment for Rent

    149 - 151 Scheerer Ave Unit 2, Newark City, 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 REALTY

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

    Starting at $1,956 Per Month

    • Studio - 2 Beds

    349-377 Broad St, Newark, NJ 07104

    Energized. Elevated. Vermella. Prepare yourself for homes made to impress, with vast, open layouts, chef-inspired kitchens, in-home laundry and state-of-the-art finishes…all crafted to provide the comfort and convenience your daily life demands. Green space, rooftop views, and a clubroom that opens to a lavishly landscaped courtyard and pool are only the beginning. A lifestyle of luxury awaits in

    Vermella Broad Street

    349-377 Broad St, Newark, NJ 07104
  • /9

    $2,099 Per Month

    • 3 Beds
    • 1 Bath
    • Apartment for Rent

    482 Irvine Turner Blvd, Newark, NJ 07108

    3 BEDROOMS FOR $2,099 NO SECURITY DEPOSIT REQUIRED! This spacious second-floor apartment offers an affordable opportunity with comfortable room sizes, abundant natural light, and plenty of storage. The home features three bedrooms, one full bathroom, a generously sized living room, and an eat-in kitchen equipped with a gas range, refrigerator, and updated cabinetry. Multiple closets and a

    Agent Photo

    SYDNEY WHITE

    IDENTITY PROPERTIES

    482 Irvine Turner Blvd, Newark, NJ 07108
  • /48

    Starting at $1,400 Per Month

    • Studio - 1 Bed

    325 Grafton Ave, Newark, NJ 07104

    Welcome to Forest Hill Terrace, where classic architecture blends with modern upgrades in the heart of Newark’s prestigious Forest Hill neighborhood. This beautifully renovated apartment offers an unbeatable combination of style, comfort, and convenience—just steps from Branch Brook Park and easy transit access.?? 1 Bedroom | ?? 1 Bath | ?? Modern Kitchen | ?? Near Light Rail?

    Forest Hill Terrace

    325 Grafton Ave, 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
  • /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
  • /27

    Starting at $1,795 Per Month

    • 1 - 3 Beds

    17 William St, Newark, NJ 07102

    Teachers Village Hartford residences are unlike anything today. Every apartment enjoys thoughtful layouts and abundant light and air. In many of the units, views from Bushnell Park, transforming your living room into a virtual park. Combine this with details like light-filled living spaces, beautiful flooring, stainless steel appliances and ceiling heights that are over 9 feet, and you have homes

    Teachers Village - 17 William

    17 William St, Newark, NJ 07102

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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 $2,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes 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 $84,000 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 $2,100 per month in Newark, NJ, renters typically need to show $6,300 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 16.5, 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
1,051
Median Rent
$2,100
Median Single Family Home Rent
$2,400
Median Townhouse Rent
$2,300
Median Condo Rent
$2,000
How to Rent a Home