Homes & Apartments for Rent in 07103

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What to Know About

Life in Newark & Beyond

Newark shares many of the great qualities that make New Jersey a desirable place to live.

New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Newark, NJ

As of October 2026, Newark's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Newark's average rent is 11.1% ($277) lower than the New Jersey average of $2,496 and 22.0% ($400) higher than the U.S. average of $1,819.

Average Rent
$2,219
Monthly ChangeMonth Over Month Change
Increased0.2% ($4)
Yearly ChangeYear Over Year Change
Decreased5.3% ($123)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,766 Increased1.4% ($24) Decreased8.1% ($156)
2 Beds $2,198 Increased2.2% ($47) Decreased11.3% ($279)
3 Beds $2,960 Increased5.4% ($152) Decreased20.7% ($773)
Nearby Cities Average Rent Avg. Rent vs. NewarkAverage Rent vs. Newark Avg. Days on MarketAverage Days on Market
Harrison $2,979 Increased34.2% ($760) 42 days
East Orange $2,108 Decreased5% ($111) 27 days
Irvington $1,972 Decreased11.1% ($247) 26 days
Kearny $2,286 Increased3% ($67) 42 days
Orange $2,317 Increased4.4% ($98) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Newark Rental Market FAQs

Explore rental prices, market trends, and availability in Newark, NJ.

The average rent in Newark, NJ is $2,219 per month.
Homes in Newark typically rent for between $1,236 and $3,848 per month, with an average of $2,219 per month.
In Newark, the average rent for a 1-bedroom home is $1,766 per month, for a 2-bedroom home, $2,198 per month, and a 3-bedroom home is $2,960 per month.
The average rent in Newark is 22% ($400) higher than the national average of $1,819 per month.
The average rent in Newark has increased by 0.2% ($4) in the last month and decreased by 5.3% ($123) over the past year.
The rental market in Newark, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Newark, NJ, the average rental stays on the market for approximately 30 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 238 rental properties available in Newark, NJ.
Based on the current averages, a household would need an annual income of $87,920 to comfortably afford a 2-bedroom home in Newark.
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