Newark, NJ Rental Market
Newark is New Jersey's largest city and a critical hub in the NYC metro area, offering direct access to Manhattan via NJ Transit and PATH rail. Newark Liberty International Airport and Port Newark — one of the busiest cargo ports on the East Coast — anchor a massive logistics and transportation employment base. Prudential Financial's headquarters and a growing cluster of financial services, healthcare, and university employers (Rutgers Newark, NJIT) underpin consistent rental demand from a diverse professional and working-class tenant base. Newark represents some of the best value in the NYC commuter market.
Get a rent estimate for an address in NewarkAverage Rent in Newark, NJ
$1,850
per month · 2026-06
Market Score
Key Facts — Newark, NJ Rental Market
- Average rent in Newark, NJ:$1,850/mo
- Median rent:$1,702/mo
- Rent range:$925 – $4,050/mo
- Most common rental (2 bedrooms):$1,625/mo
- Active listings:920
- Avg days to lease:28 days
- Year-over-year change:+3.8%
- Median home value:$380,000
- Est. gross annual yield:5.8%
- Data as of:2026-06
Rent by Bedroom in Newark, NJ
Average monthly rent for each bedroom type based on current active listings in Newark.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,325/mo |
2 Bedrooms | $1,625/mo |
3 Bedrooms | $2,075/mo |
4 Bedrooms | $2,550/mo |
5 Bedrooms | $2,925/mo |
Newark Rental Market Statistics
Key indicators from the current Newark, NJ rental market.
920
Available now in Newark
28
From list to lease
$1.32
Average across listings
1,400 sq ft
Typical rental size
$925 – $4,050
Min to max active listings
+3.8%
Avg rent vs. prior year
Investing in Newark, NJ Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$380,000
Typical purchase price in Newark
Est. Gross Annual Yield
5.8%
Before expenses & vacancy
Avg Monthly Income
$1,850
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Newark for a full cash-flow breakdown including all costs.
Newark, NJ Rental Market FAQ
Common questions about renting and investing in Newark, NJ.
What is the average rent in Newark, NJ?
The average rent in Newark, NJ is $1,850 per month as of 2026. One-bedroom apartments average $1,325/mo, two-bedrooms $1,625/mo, and three-bedroom units $2,075/mo. Newark offers rents well below neighboring Jersey City while maintaining fast, direct transit connections to Manhattan via the PATH train and NJ Transit.
Is Newark, NJ a good place to invest in rental property?
Newark offers an estimated 5.8% gross annual yield with strong fundamentals rooted in its role as an NYC commuter hub and logistics center. Newark Liberty Airport, Port Newark, and Prudential Financial provide employment stability, while ongoing downtown revitalization near Prudential Center and the Ironbound district is supporting appreciation in addition to rental income.
How competitive is the Newark, NJ rental market?
Newark averages 28 days on market across 920+ active listings, making it one of the more competitive markets in New Jersey. The combination of affordable rents relative to Jersey City and Manhattan, strong transit access, and a large professional tenant base keeps demand consistently strong. The Ironbound neighborhood and areas near Rutgers and NJIT lease particularly quickly.
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