Best Affordable Neighborhoods in Newark, NJ
Some of the cheapest neighborhoods in Newark are North Broadway, Forest Hill, and Dayton-Weequahic Park. These neighborhoods offer some of the lowest rent prices in Newark, making them ideal for renters on a budget. As of March 30, 2026, the average rent in Newark is $1,603, which is 0.2% 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
$1,631/Month
Year-Over-Year Rent Change
1.5%
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
Forest Hill
Average Rent
$1,707/Month
Year-Over-Year Rent Change
0.3%
Units Available
20 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.
Dayton-Weequahic Park
Average Rent
$1,889/Month
Year-Over-Year Rent Change
3.7%
Units Available
16 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
$1,899/Month
Year-Over-Year Rent Change
1.1%
Units Available
19 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.
Weequahic
Average Rent
$1,949/Month
Year-Over-Year Rent Change
1.5%
Units Available
10 Rentals
Weequahic is an affordable neighborhood in Newark with an average rent price of $1,949. Compare this to the city average of $1,603. In the past year, rent prices have decreased by 1.5%. Weequahic provides easy access to Maple Spring Commons, Branch Brook Park, and Edison National Historic Site.
Fairmount
Average Rent
$2,027/Month
Year-Over-Year Rent Change
0.7%
Units Available
20 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.
South Broad Street
Average Rent
$2,196/Month
Year-Over-Year Rent Change
0.1%
Units Available
51 Rentals
If you’re looking for a great, affordable neighborhood in Newark, South Broad Street might be the perfect place! It has an average rent price of $2,196, while the city’s average stands at $1,603. In the last year, prices have decreased by 0.1%. South Broad Street is near Kearny Marsh, Seton Hall University, and Arwin Plaza.
South Ironbound
Average Rent
$2,302/Month
Year-Over-Year Rent Change
5.5%
Units Available
48 Rentals
South Ironbound is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Ironbound is $2,302 while the city average is $1,603. This is a 5.5% difference from last year. Residents enjoy convenient access to Njpac/Center Street, The Shoppes on Broad, and New Jersey City University.
University Heights
Average Rent
$2,420/Month
Year-Over-Year Rent Change
2.5%
Units Available
105 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.
Greater Newark
Average Rent
$2,435/Month
Year-Over-Year Rent Change
0.3%
Units Available
694 Rentals
When you’re looking for a great Newark neighborhood on a budget, check out Greater Newark. The average rent is $2,435, compared to the city average of $1,603. Rent prices have increased by 0.3%. Greater Newark is convenient to N.J. Inst. of Technology, Branch Brook Park, and Norfolk Street.
Ready to make your move to Newark? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.