Most Affordable Neighborhoods in Newark, NJ
Some of the cheapest neighborhoods in Newark are Lower Vailsburg, Weequahic, and Forest Hill. These neighborhoods offer some of the lowest rent prices in Newark, making them ideal for renters on a budget. As of June 18, 2025, the average rent in Newark is $1,539, which is 0.8% 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.
Lower Vailsburg
Average Rent
$1,618/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
51/100
Units Available
12 Rentals
Lower Vailsburg is a diverse neighborhood offering a mix of single-family homes and apartments, with easy access to local parks and schools. A key attraction is the Ivy Hill Park, a large recreational area. Renters will enjoy the suburban feel while being close to shopping and dining along South Orange Avenue.
Weequahic
Average Rent
$1,675/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
57/100
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Newark, Weequahic might be the perfect place! It has an average rent price of $1,675, while the city’s average stands at $1,539. In the last year, prices have increased by 0.3%. Weequahic is near Warren Street, Essex County College, and Washington Street.
Forest Hill
Average Rent
$1,680/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
65/100
Units Available
24 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
$1,720/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
56/100
Units Available
17 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
Dayton-Weequahic Park
Average Rent
$1,781/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
49/100
Units Available
17 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.
Fairmount
Average Rent
$1,927/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
64/100
Units Available
34 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.
Lower Roseville
Average Rent
$1,937/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
70/100
Units Available
16 Rentals
Lower Roseville is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lower Roseville is $1,937 while the city average is $1,539. This is a 0.5% difference from last year. Residents enjoy convenient access to Rutgers, Newark Campus, Orange Street, and Central Avenue Plaza. The neighborhood is considered walkable with a WalkScore® of 78.
South Broad Street
Average Rent
$2,001/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
71/100
Units Available
23 Rentals
When you’re looking for a great Newark neighborhood on a budget, check out South Broad Street. The average rent is $2,001, compared to the city average of $1,539. Rent prices have increased by 0.7%. South Broad Street is convenient to Newark Liberty International, Stephen Gregg Park, and G. Thomas DiDomenico Park. The community is walkable with a WalkScore® of 80.
Springfield-Belmont
Average Rent
$2,123/Month
Year-Over-Year Rent Change
6.1%
TransitScore® Rating
77/100
Units Available
18 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.
South Ironbound
Average Rent
$2,133/Month
TransitScore® Rating
60/100
Units Available
21 Rentals
South Ironbound is an affordable neighborhood in Newark with an average rent price of $2,133. Compare this to the city average of $1,539. In the past year, rent prices have increased by 0%. South Ironbound provides easy access to Stephen Gregg Park, Washington Park, and LaGuardia. It’s a walkable neighborhood 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.