Rent trend data in Newark, New Jersey
Newark Average Rent
As of November 2018, average rent for an apartment in Newark, NJ is $1470 which is a 2.72% increase from last year when the average rent was $1430 , and a 2.99% decrease from last month when the average rent was $1514.
One bedroom apartments in Newark rent for $1396 a month on average (a 0.36% increase from last year) and two bedroom apartment rents average $1722 (a 9.93% increase from last year).
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Newark Rent Trends
The average apartment rent over the prior 6 months in Newark has decreased by $194 (-11.7%)
One bedroom units have decreased by $193 (-12.1%) and two bedroom apartments have decreased by $217 (-11.2%)
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Newark Average Rent By Neighborhood
The most expensive Newark neighborhoods to rent apartments in are Fairmuont, West Side, and Upper Vailsburg.
The cheapest Newark neignborhoods to rent apartments in are North Broadway, Weequahic, and Upper Clinton Hill.
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| Fairmuont Apartments West Side Apartments Upper Vailsburg Apartments Upper Clinton Hill Apartments | Weequahic Apartments North Broadway Apartments |