Cheapest 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 September 27, 2026, the average rent in Newark is $1,661, 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.
North Broadway
Average Rent
$1,735/Month
Year-Over-Year Rent Change
1.6%
Units Available
20 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
$1,738/Month
Year-Over-Year Rent Change
1%
Units Available
25 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
$1,776/Month
Year-Over-Year Rent Change
5.8%
Units Available
10 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
$2,085/Month
Year-Over-Year Rent Change
0.8%
Units Available
42 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
$2,137/Month
Year-Over-Year Rent Change
5.6%
Units Available
20 Rentals
When you’re looking for a great Newark neighborhood on a budget, check out West Side. The average rent is $2,137, compared to the city average of $1,661. Rent prices have increased by 5.6%. West Side is convenient to Military Park, N.J. Inst. of Technology, and Norfolk Street.
South Broad Street
Average Rent
$2,145/Month
Year-Over-Year Rent Change
0.7%
Units Available
32 Rentals
South Broad Street is an affordable neighborhood in Newark with an average rent price of $2,145. Compare this to the city average of $1,661. In the past year, rent prices have decreased by 0.7%. South Broad Street provides easy access to Home Depot Center, Norfolk Street, and Essex County College.
South Ironbound
Average Rent
$2,254/Month
Year-Over-Year Rent Change
3.5%
Units Available
34 Rentals
If you’re looking for a great, affordable neighborhood in Newark, South Ironbound might be the perfect place! It has an average rent price of $2,254, while the city’s average stands at $1,661. In the last year, prices have increased by 3.5%. South Ironbound is near Newark Museum and Dreyfuss Planetarium, IRONBOUND PLAZA, and Njpac/Center Street.
Greater Newark
Average Rent
$2,463/Month
Year-Over-Year Rent Change
0.8%
Units Available
703 Rentals
Greater Newark is a top choice for budget-conscious renters for a variety of reasons. The average rent in Greater Newark is $2,463 while the city average is $1,661. This is a 0.8% difference from last year. Residents enjoy convenient access to Warren Street, Washington Street, and Branch Brook Park.
North Ironbound
Average Rent
$2,551/Month
Year-Over-Year Rent Change
0.4%
Units Available
113 Rentals
When you’re looking for a great Newark neighborhood on a budget, check out North Ironbound. The average rent is $2,551, compared to the city average of $1,661. Rent prices have decreased by 0.4%. North Ironbound is convenient to Stephen Gregg Park, Washington Street, and G. Thomas DiDomenico Park.
University Heights
Average Rent
$2,554/Month
Year-Over-Year Rent Change
0.8%
Units Available
76 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.
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.