Rent trend data in Newark, New Jersey
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As of March 2018, average rent for an apartment in Newark, NJ is $1415 which is a 5.44% increase from last year when the average rent was $1338 , and a 0.07% decrease from last month when the average rent was $1416.
One bedroom apartments in Newark rent for $1344 a month on average (a 9.6% increase from last year) and two bedroom apartment rents average $1602 (a 0.94% increase from last year).
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Newark Rent Trends
The average apartment rent over the prior 6 months in Newark has increased by $27 (1.9%)
One bedroom units have increased by $26 (2%) and two bedroom apartments have increased by $58 (3.8%)
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Newark Average Rent By Neighborhood
The most expensive Newark neighborhoods to rent apartments in are University Heights, Central Business District, and South Broad Street.
The cheapest Newark neignborhoods to rent apartments in are Lower Roseville, Lower Vailsburg, and Upper Vailsburg.
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