Cheapest Neighborhoods in Newark, NJ
Some of the cheapest neighborhoods in Newark are North Broadway, Forest Hill, and Fairmount. These neighborhoods offer some of the lowest rent prices in Newark, making them ideal for renters on a budget. As of June 28, 2026, the average rent in Newark is $1,612, which is 0.6% 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.
North Broadway
Average Rent
$1,610/Month
Year-Over-Year Rent Change
0.6%
Units Available
18 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
Forest Hill
Average Rent
$1,652/Month
Year-Over-Year Rent Change
0.4%
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.
Fairmount
Average Rent
$1,739/Month
Year-Over-Year Rent Change
1%
Units Available
28 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.
West Side
Average Rent
$1,764/Month
Year-Over-Year Rent Change
3.8%
Units Available
28 Rentals
If you’re looking for a great, affordable neighborhood in Newark, West Side might be the perfect place! It has an average rent price of $1,764, while the city’s average stands at $1,612. In the last year, prices have increased by 3.8%. West Side is near Home Depot Center, Seton Hall University, and Warren Street.
Dayton-Weequahic Park
Average Rent
$1,947/Month
Year-Over-Year Rent Change
6.5%
Units Available
11 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.
Springfield-Belmont
Average Rent
$2,069/Month
Year-Over-Year Rent Change
0.8%
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.
South Broad Street
Average Rent
$2,093/Month
Year-Over-Year Rent Change
0.5%
Units Available
39 Rentals
South Broad Street is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Broad Street is $2,093 while the city average is $1,612. This is a -0.5% difference from last year. Residents enjoy convenient access to LaGuardia, Njpac/Center Street, and Newark Museum and Dreyfuss Planetarium.
Greater Newark
Average Rent
$2,200/Month
Year-Over-Year Rent Change
0.6%
Units Available
376 Rentals
When you’re looking for a great Newark neighborhood on a budget, check out Greater Newark. The average rent is $2,200, compared to the city average of $1,612. Rent prices have increased by 0.6%. Greater Newark is convenient to Springfield Avenue Marketplace, Newark Liberty International, and Military Park.
South Ironbound
Average Rent
$2,253/Month
Year-Over-Year Rent Change
4.6%
Units Available
36 Rentals
South Ironbound is an affordable neighborhood in Newark with an average rent price of $2,253. Compare this to the city average of $1,612. In the past year, rent prices have increased by 4.6%. South Ironbound provides easy access to G. Thomas DiDomenico Park, New Jersey City University, and Njpac/Center Street.
University Heights
Average Rent
$2,476/Month
Year-Over-Year Rent Change
4.2%
Units Available
81 Rentals
University Heights is a lively neighborhood known for its proximity to several universities, including Rutgers and NJIT. No matter who you are as a renter, you will enjoy the fun atmosphere, with plenty of cafes, restaurants, and cultural attractions nearby.
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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.