Most Affordable Neighborhoods in Newark, NJ
Some of the cheapest neighborhoods in Newark are North Broadway, Forest Hill, and Weequahic. These neighborhoods offer some of the lowest rent prices in Newark, making them ideal for renters on a budget. As of September 29, 2025, the average rent in Newark is $1,556, which is 0.7% 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
$1,682/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
56/100
Units Available
21 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
$1,709/Month
Year-Over-Year Rent Change
1.8%
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.
Weequahic
Average Rent
$1,848/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
57/100
Units Available
10 Rentals
Weequahic is an affordable neighborhood in Newark with an average rent price of $1,848. Compare this to the city average of $1,556. In the past year, rent prices have decreased by 1.6%. Weequahic provides easy access to Orange Street, Warren Street, and Branch Brook Park. It’s a walkable neighborhood with a WalkScore® of 74.
Dayton-Weequahic Park
Average Rent
$1,965/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
49/100
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.
Spruce Hills
Average Rent
$2,012/Month
TransitScore® Rating
73/100
Units Available
10 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 $2,012, while the city’s average stands at $1,556. Spruce Hills is near Kearny Marsh, Warren Street, and Seton Hall University.
Springfield-Belmont
Average Rent
$2,018/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
77/100
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.
Fairmount
Average Rent
$2,034/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
64/100
Units Available
16 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.
Greater Newark
Average Rent
$2,456/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
60/100
Units Available
602 Rentals
Greater Newark is a top choice for budget-conscious renters for a variety of reasons. The average rent in Greater Newark is $2,456 while the city average is $1,556. This is a 0.8% difference from last year. Residents enjoy convenient access to Seton Hall University, N.J. Inst. of Technology, and LaGuardia. The neighborhood is considered walkable with a WalkScore® of 79.
University Heights
Average Rent
$2,509/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
80/100
Units Available
73 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.
Mount Pleasant-Lower Broad
Average Rent
$2,627/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
70/100
Units Available
41 Rentals
Mount Pleasant-Lower Broad is a quiet, residential neighborhood offering affordable housing and easy access to local amenities. Plus, renters will appreciate the proximity to parks, schools, and public transportation.
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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.