Homes for Rent in Newark, NJ

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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 March 2026, Newark's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Newark's average rent is 9.4% ($230) lower than the New Jersey average of $2,458 and 25.9% ($459) higher than the U.S. average of $1,769.

Average Rent
$2,228
Monthly ChangeMonth Over Month Change
Decreased4.3% ($99)
Yearly ChangeYear Over Year Change
Decreased9.9% ($244)
Avg. Days on MarketAverage Days on Market
21
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,808 Decreased5.4% ($104) Decreased13.6% ($285)
2 Beds $2,245 Decreased7.5% ($181) Decreased16.2% ($433)
3 Beds $3,128 Decreased8% ($271) Decreased21.2% ($842)
Nearby Cities Average Rent Avg. Rent vs. NewarkAverage Rent vs. Newark Avg. Days on MarketAverage Days on Market
Harrison $3,020 Increased35.5% ($792) 29 days
East Orange $2,067 Decreased7.2% ($161) 26 days
Irvington $1,689 Decreased24.2% ($539) 26 days
Kearny $2,551 Increased14.5% ($323) 28 days
Orange $2,104 Decreased5.6% ($124) 26 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 $2,228 per month.
Homes in Newark typically rent for between $1,266 and $4,066 per month, with an average of $2,228 per month.
In Newark, the average rent for a 1-bedroom home is $1,808 per month, for a 2-bedroom home, $2,245 per month, and a 3-bedroom home is $3,128 per month.
The average rent in Newark is 25.9% ($459) higher than the national average of $1,769 per month.
The average rent in Newark has decreased by 4.3% ($99) in the last month and decreased by 9.9% ($244) over the past year.
The rental market in Newark, NJ, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Newark, NJ, the average rental stays on the market for approximately 21 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 183 rental properties available in Newark, NJ.
Based on the current averages, a household would need an annual income of $89,800 to comfortably afford a 2-bedroom home in Newark.
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