Cheap Apartments for Rent in Newark, NJ from $500 (356 Rentals)

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

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 311 Clinton Ave

$1,250 - $1,600

Studio To 1 Bedroom Rentals

Available Now

311 Clinton Ave

NewarkNJ07108
property at 120 S 7th St

$1,300 - $2,300

Studio 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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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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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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339 Lafayette St, Unit 3
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600
1 Bedroom Apartment Available Now

339 Lafayette St, Unit 3

339 Lafayette StNewark, NJ 07105
Cost Per Sq.Ft.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Newark, NJ Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Newark, NJ

Pricing Updated: 06/15/2026

Current apartment rentals in the Newark, NJ area range in price from $684 to $8,770 with an overall median price of $3,331. The three Newark neighborhoods with the lowest median rent pricing are Springfield Belmont at $1,225, Dayton Weequahic Park at $925, and South Broad Street at $1,250. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Newark Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Springfield Belmont$2,400$1,22522
Dayton Weequahic Park$2,500$92561
South Broad Street$2,500$1,25017
West Side$2,525$68468
Ward 2$2,630$1,275191
Lower Roseville$2,750$95031
Ward 3$2,775$1,200157
Lower Vailsburg$2,800$1,20042
Fairmount$2,847$68479
Upper Vailsburg$2,850$1,20013

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. The Residences at Clinton Hill in the Upper Clinton Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $932. Here is today’s list of the most affordable Newark apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairmount Crossing29.98% AMI2BR,1BA$820
The Residences at Clinton Hill1BR/1BA1BR,1BA$932
Garden Spires Apartments1 Bed, 1 bath1BR,1BA$950

Best Value Apartments for Rent in Newark, NJ

As of June 15, 2026 the best value apartment in the Newark area is the $0.26 price per square foot 37 6th St Model at 37 6th St, Unit 2 in the in the Central Business District neighborhood starting from $2,600. The second greatest value Newark apartment is the 15 Vernon Ave Model at 15 Vernon Ave starting at $2,700 with a $0.27 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.
37 6th St, Unit 237 6th St3BR,1BA$0.26
15 Vernon Ave15 Vernon Ave3BR,1BA$0.27
167 Davis Ave, Unit 2167 Davis Ave1BR,1BA$0.37
69 N 13th St69 N 13th StStudio ,1BA$0.63
326 Field Pl, Unit #2L326 Field Pl3BR,1BA$0.51
229 21st St, Unit 229 21st Street229 21st St3BR,1BA$1.00
46 1/2 3rd St46 1/2 3rd St4BR,2BA$0.95
42 McAdoo Ave, Unit 242 McAdoo Ave2BR,1BA$0.90
575 Stuyvesant Ave, Unit 0575 Stuyvesant Ave1BR,1BA$0.70
The Residences at Clinton Hill2BR/1BA2BR,1BA$1.05

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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

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

Explore Newark, NJ Rentals by Map

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See the most popular apartments and homes in Newark, NJ

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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 The Residences at Clinton Hill which is listed at $932, while the average apartment in Newark costs $3,331.

    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 239 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 $419 which is $2,912 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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

    How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

    Written by: Robin Stewart

    Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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    Pet-Friendly Renting: Everything You Need to Know Before You Move

    Written by: Christine Leonard, Esq.

    For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

    decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

    Creative Ways Developers Reimagine Retail Spaces as Residential Units

    Written by: Robin Stewart

    Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

    decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

    Neighborhood and Market Insights: How to Choose the Right Area to Rent

    Written by: Robin Stewart

    Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.