Rent trend data in Newark, New Jersey
Newark Average Rent
As of June 2020, average rent for an apartment in Newark, NJ is $1925 which is a 21.56% increase from last year when the average rent was $1510 , and a 1.56% increase from last month when the average rent was $1895.
One bedroom apartments in Newark rent for $1726 a month on average (a 18.6% increase from last year) and two bedroom apartment rents average $2415 (a 23.81% 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 $394 (25.7%)
One bedroom units have increased by $325 (23.2%) and two bedroom apartments have increased by $619 (34.5%)
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Newark Average Rent By Neighborhood
The most expensive Newark neighborhoods to rent apartments in are Central Business District, Springfield-Belmont, and Upper Vailsburg.
The cheapest Newark neignborhoods to rent apartments in are Upper Clinton Hill, Weequahic, and Fairmuont.
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| Central Business District Apartments Springfield-Belmont Apartments Upper Vailsburg Apartments Fairmuont Apartments | Weequahic Apartments Upper Clinton Hill Apartments |