Most Affordable Neighborhoods in Newark, NJ
Some of the cheapest neighborhoods in Newark are Weequahic, Forest Hill, and North Broadway. These neighborhoods offer some of the lowest rent prices in Newark, making them ideal for renters on a budget. As of August 4, 2025, the average rent in Newark is $1,547, which is 0.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Weequahic
Average Rent
$1,661/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
57/100
Units Available
12 Rentals
Weequahic is a top choice for budget-conscious renters for a variety of reasons. The average rent in Weequahic is $1,661 while the city average is $1,547. This is a -2% difference from last year. Residents enjoy convenient access to Kean University, Orange Street, and Stephen Gregg Park. The neighborhood is considered walkable with a WalkScore® of 74.
Forest Hill
Average Rent
$1,712/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
65/100
Units Available
22 Rentals
Forest Hill showcases a picturesque neighborhood known for its historic mansions and tree-lined streets. A key attraction is the Branch Brook Park, known for its annual cherry blossom festival. Renters will appreciate the quiet, upscale atmosphere and proximity to Branch Brook Park.
North Broadway
Average Rent
$1,734/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
56/100
Units Available
16 Rentals
North Broadway offers affordable housing and proximity to local businesses and schools. A key attraction is the Thomas Edison National Historical Park, where the inventor lived and flourished. Renters will enjoy the convenience of public transportation and the diverse range of dining and shopping options
Fairmount
Average Rent
$1,842/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
64/100
Units Available
23 Rentals
Fairmount is a charming historic neighborhood that blends residential homes with local shops and offers convenient access to public transportation. A notable attraction is the Fairmount Cemetery, a significant historical landmark in Newark. Renters will appreciate being close to Branch Brook Park and the beautiful downtown area.
Dayton-Weequahic Park
Average Rent
$1,864/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
49/100
Units Available
13 Rentals
Dayton-Weequahic Park is a quiet neighborhood offering spacious homes and easy access to Weequahic Park’s recreational facilities. A key attraction is the Weequahic Golf Course, the oldest public course in New Jersey. Renters will appreciate the peaceful atmosphere and proximity to local schools and shopping.
South Broad Street
Average Rent
$1,952/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
71/100
Units Available
16 Rentals
When you’re looking for a great Newark neighborhood on a budget, check out South Broad Street. The average rent is $1,952, compared to the city average of $1,547. Rent prices have decreased by 0.5%. South Broad Street is convenient to G. Thomas DiDomenico Park, Washington Street, and N.J. Inst. of Technology. The community is walkable with a WalkScore® of 80.
Springfield-Belmont
Average Rent
$2,104/Month
Year-Over-Year Rent Change
6.8%
TransitScore® Rating
76/100
Units Available
29 Rentals
Springfield-Belmont provides a diverse neighborhood offering a mix of residential homes and local businesses. A key attraction is the Newark Museum, the largest museum in New Jersey. Renters will appreciate the proximity to schools, parks, and shopping centers.
Lower Roseville
Average Rent
$2,108/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
70/100
Units Available
11 Rentals
Lower Roseville is an affordable neighborhood in Newark with an average rent price of $2,108. Compare this to the city average of $1,547. In the past year, rent prices have increased by 0.5%. Lower Roseville provides easy access to Norfolk Street, N.J. Inst. of Technology, and Kearny Marsh. It’s a walkable neighborhood with a WalkScore® of 78.
Spruce Hills
Average Rent
$2,146/Month
TransitScore® Rating
73/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Newark, Spruce Hills might be the perfect place! It has an average rent price of $2,146, while the city’s average stands at $1,547. Spruce Hills is near Stephen Gregg Park, Warren Street, and Newark Liberty International.
South Ironbound
Average Rent
$2,215/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
60/100
Units Available
13 Rentals
South Ironbound is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Ironbound is $2,215 while the city average is $1,547. This is a 0.5% difference from last year. Residents enjoy convenient access to Washington Street, Newark Liberty International, and G. Thomas DiDomenico Park. The neighborhood is considered walkable with a WalkScore® of 76.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.