Cheap Apartments for Rent in Newark, NJ from $500 (227 Rentals)

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Search the lowest-cost Apartments available for rent right now in Newark.

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51 Poe Ave
$1,200 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $2,400
Total Monthly Price
$1,200 - $2,400
1 to 2 Bedroom Apartment Available Now

51 Poe Ave

51 Poe AveNewark, NJ 07106
Cost Per Sq.Ft.
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 120 S 7th St

$1,300 - $2,300

1 To 3 Bedroom Rentals

Available Now

120 S 7th St

NewarkNJ07107

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Golden Brick
Studio to 2 Bedroom Apartments

Golden Brick

391-401 13th AveNewark, NJ 07103
  • Utilities Included
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292 Wainwright St
Studio to 2 Bedroom Apartments

292 Wainwright St

292 Wainwright StNewark, NJ 07112
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595 Elizabeth Ave
Studio to 2 Bedroom Apartments

595 Elizabeth Ave

595 Elizabeth AveNewark, NJ 07112
  • Utilities Included
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129 Chancellor Ave
Studio to 2 Bedroom Apartments

129 Chancellor Ave

129 Chancellor AveNewark, NJ 07112
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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University Court, Inc.
1 to 3 Bedroom Apartments

University Court, Inc.

419 Washington StNewark, NJ 07102
  • Utilities Included
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305 Osborne Ter
1 to 2 Bedroom Apartments

305 Osborne Ter

305 Osborne TerNewark, NJ 07112
  • Utilities Included
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Pavilion Towers
Studio to 2 Bedroom Apartments

Pavilion Towers

108 Dr Martin Luther King Jr BlvdNewark, NJ 07104
  • Utilities Included
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** Rooming House **
1 Bedroom Apartments

** Rooming House **

471 Washington StNewark, NJ 07102
Senior Living
  • Utilities Included
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103 Chancellor Ave
Studio to 3 Bedroom Apartments

103 Chancellor Ave

103 Chancellor AveNewark, NJ 07112
  • Utilities Included
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802 Broadway
1 to 2 Bedroom Apartments

802 Broadway

802-812 BroadwayNewark, NJ 07104
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96 Union St
Studio to 1 Bedroom Apartments

96 Union St

96 Union StNewark, NJ 07105
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Evelyn Arms
Studio to 1 Bedroom Apartments

Evelyn Arms

357 Lake StNewark, NJ 07104
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Newark, NJ Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Newark, NJ

Pricing Updated: 05/01/2026

Current apartment rentals in the Newark, NJ area range in price from $684 to $8,995 with an overall median price of $3,710. The three Newark neighborhoods with the lowest median rent pricing are Lower Roseville at $950, North Broadway at $900, and Weequahic at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Newark Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lower Roseville$2,400$95038
North Broadway$2,450$90028
Weequahic$2,475$90046
Dayton$2,500$90041
Fairmount$2,500$68489
Lower Vailsburg$2,550$1,20049
Springfield Belmont$2,550$1,28523
West Side$2,550$68456
Upper Clinton Hill$2,575$1,50053
Ward 2$2,598$1,289251

Cheapest Available Newark Apartments for Rent

 

The cheapest available apartment rental in Newark, NJ is a 2 Beds unit found at Fairmount Crossing in the Lower Clinton Hill neighborhood priced from $820. FOUND Study University Centre in the Central Business District neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $838. Here is today’s list of the most affordable Newark apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairmount Crossing29.98% AMI2BR,1BA$820
FOUND Study University CentreDouble in 3x3 - Newark 26-27 (12 Month)3BR,3BA$838
Garden Spires Apartments1 Bed, 1 bath1BR,1BA$950

Best Value Apartments for Rent in Newark, NJ

As of May 01, 2026 the best value apartment in the Newark area is the $0.21 price per square foot 534 Kearny Ave Model at 534 Kearny Ave, Unit 1L in the in the Arlington neighborhood starting from $2,100. The second greatest value Newark apartment is the 55 Schley St Model at 55 Schley St starting at $2,450 with a $0.25 price per square foot in the Upper Clinton Hill neighborhood. Here is today’s list of the best values for Newark apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
534 Kearny Ave, Unit 1L534 Kearny Ave2BR,1BA$0.21
55 Schley St55 Schley St3BR,2BA$0.25
37 6th St, Unit 237 6th St3BR,1BA$0.28
17 Norfolk St17 Norfolk St3BR,2BA$0.30
1 Shanley Ave, Unit 11 Shanley Ave2BR,1BA$0.22
81 Rose Ter, Unit 181 Rose Ter2BR,1BA$0.23
167 Davis Ave, Unit 2167 Davis Ave1BR,1BA$0.37
326 Field Pl, Unit #2L326 Field Pl3BR,1BA$0.52
102 Riggs Pl, Unit 1stfloor102 Riggs Pl2BR,1BA$0.57
75 Carolina Ave75 Carolina AveStudio ,1BA$0.51

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Newark Overview

Located just eight miles from the excitement of New York City, apartments in Newark have been beckoning east coast residents for decades. Offering a compelling mix of convenience, big city amenities and a solid and ever-growing job market base, this working class New Jersey destination might just be the place you are looking for to call home.

Why live in Newark, NJ?

One of the most dynamic cities in all of New Jersey, rentals in Newark have much to offer. From nightlife to a flourishing job market, this east coast hot spot is a winning combination of industry, public parks and world-class shopping. Families will undoubtedly love the wide range of school options, and the local infrastructure makes travel a breeze. With the Big Apple just a short commute away, Newark apartments make an ideal settlement for many traveling New Yorkers as well.

Best Local Schools in
Newark, NJ

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Newark, NJ Area Reviews

    Jamela • 1+ years in Newark

    August 30, 2025

    Hello. Looking. For. A. Studio. That. Is. Spacious.

    Frequently Asked Questions about Cheap Newark Apartments

    What is a cheap apartment in Newark?

    A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Newark is under $950.

    What is the price of a cheap apartment in Newark?

    The cheapest apartment in Newark is Garden Spires Apartments which is listed at $950, while the average apartment in Newark costs $3,710.

    What types of apartments are the cheapest in Newark?

    Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 210 regular apartments in Newark that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

    How do the prices of cheap apartments compare to the average apartment in Newark?

    Cheap apartments in Newark have an average cost of $293 which is $3,417 cheaper than the average rent for all rentals in Newark.

    Expert Rental Resources

    The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

    Articles, How-To's, and Tips

    decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

    A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

    Written by: Lauren Harrington

    I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

    decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

    Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

    Written by: Lauren Harrington

    This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

    decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

    What Does “Rent Burdened” Mean? How Much Rent Is Too Much

    Written by: Lauren Harrington

    This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

    decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

    Maximizing Your Refund: Essential Tax Tips for Renters

    Written by: Christine Leonard, Esq.

    Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.