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Cheap Apartments for Rent in Newark, NJ from $500 (220 Rentals)
Search the lowest-cost Apartments available for rent right now in Newark.
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43 Hedden Terrace
NewarkNJ07108
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$932 - $1,1571 to 2 Bedroom Apartments Available Now
The Residences at Clinton Hill
2 Osborne TerNewark, NJ 07108
6 Barbara St
NewarkNJ07105
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Rent Specials
$950 - $1,5691 to 3 Bedroom Apartments Available Now
Garden Spires Apartments
175-199 1st StNewark, NJ 07107
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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.
160 Huntington Terrace
NewarkNJ07112
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Rent Specials
$1,250 - $1,850Studio to 2 Bedroom Apartments Available Now
Parkwood Place Apartments
352-376 Mount Prospect AveNewark, NJ 07104
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$1,275 - $2,500Studio to 2 Bedroom Apartments Available Now
Addison Towers
402 Mount Prospect AveNewark, NJ 07104
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$1,350Studio Apartment Available Now
439 Mount Prospect Ave, Unit 44
439 Mount Prospect AveNewark, NJ 07104
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$1,350 - $2,100Studio to 2 Bedroom Apartments Available Now
Forest Hill Terrace
325 Grafton AveNewark, NJ 07104
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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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$1,5001 Bedroom Apartment Available Aug 1
41 Montrose St, Unit 41 Montrose Street
41 Montrose StNewark, NJ 07106
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Rent Specials
$1,500 - $2,1501 to 3 Bedroom Apartments Available Now
High Park Terrace
36 Muhammad Ali AveNewark, NJ 07108
77 Chambers St
NewarkNJ07105
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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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Newark, NJ Local Guide
How much does it cost to rent an apartment in Newark?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Newark Studio Apartments | $2,270 | $850 | $7,066 |
| Cheap Newark 1 Bedroom Apartments | $2,503 | $700 | $9,193 |
| Cheap Newark 2 Bedroom Apartments | $2,996 | $1,050 | $9,490 |
| Cheap Newark 3 Bedroom Apartments | $2,635 | $1,569 | $9,765 |
| Cheap Newark 4 Bedroom Apartments | $3,086 | $2,100 | $10,000+ |
| Newark 5 Bedroom Apartments | $3,880 | $3,300 | $4,700 |
| Newark 6 Bedroom Apartments | $7,672 | $3,700 | $10,000+ |
Browse Top Apartments in Newark
See all Apartments in NewarkExplore Newark
Newark, NJ Local Guide
Written By:
Justin HabersaatEditing Staff
- Newark Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Newark, NJ
Pricing Updated: 07/25/2025Current apartment rentals in the Newark, NJ area range in price from $700 to $9,765 with an overall median price of $3,371. The three Newark neighborhoods with the lowest median rent pricing are Springfield Belmont at $1,450, Lower Vailsburg at $750, and South Ironbound at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Newark Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Springfield Belmont | $2,150 | $1,450 | 48 |
| Lower Vailsburg | $2,450 | $750 | 60 |
| South Ironbound | $2,450 | $950 | 35 |
| Upper Vailsburg | $2,500 | $1,200 | 25 |
| Lower Roseville | $2,585 | $950 | 37 |
| Upper Clinton Hill | $2,600 | $850 | 62 |
| Fairmount | $2,622 | $950 | 78 |
| University Heights | $2,650 | $1,525 | 42 |
| Dayton Weequahic Park | $2,675 | $825 | 54 |
| Seventh Avenue | $2,700 | $950 | 50 |
Cheapest Available Newark Apartments for Rent
The cheapest available apartment rental in Newark, NJ is a 1 Bed unit found at Garden Spires Apartments in the Lower Broadway neighborhood priced from $950. The Twin Oaks in the Ward 2 neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Newark apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garden Spires Apartments | 1 Bed, 1 bath | 1BR,1BA | $950 |
| The Twin Oaks | 0BR/1.0BA | Studio,1BA | $950 |
| The Residences at Clinton Hill | 2BR/1BA | 2BR,1BA | $1,157 |
| Senior Horizon | 2 Bedrooms 1 Bathroom | 2BR,1BA | $1,205 |
| Sheridan Gardens | Studio | Studio,1BA | $1,250 |
| Parkwood Place Apartments | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Newark, NJ
As of July 25, 2025 the best value apartment in the Newark area is the $1.15 price per square foot 566 Pennsylvania Ave Model at 566 Pennsylvania Ave, Unit D2 in the in the Westminster neighborhood starting from $3,000. The second greatest value Newark apartment is the 539 Central Ave Model at 539 Central Ave, Unit 1F starting at $3,500 with a $1.40 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Newark apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 566 Pennsylvania Ave, Unit D2 | 566 Pennsylvania Ave | 3BR,2.5BA | $1.15 |
| 539 Central Ave, Unit 1F | 539 Central Ave | 3BR,3BA | $1.40 |
| 19 Chapman Pl, Unit 19 Chapman Place | 19 Chapman Pl | 3BR,2BA | $1.04 |
| 42 Maple Ave, Unit 42 Maple Ave Unit 2 | 42 Maple Ave | 3BR,1BA | $1.04 |
| 150 Brookdale Ave, Unit 1 | 150 Brookdale Ave | 3BR,1BA | $1.20 |
| Tiffany Manor | 2 Beds, 1.5 baths | 2BR,1.5BA | $1.10 |
| 45 Watson Ave, Unit 3 | 45 Watson Ave | 3BR,1BA | $1.21 |
| Garden Spires Apartments | 3 Beds, 1.5 baths | 3BR,1.5BA | $1.26 |
| The Residences at Clinton Hill | 2BR/1BA | 2BR,1BA | $1.05 |
| 53 Park Pl, Unit One room | 53 Park Pl | 1BR,0.5BA | $1.17 |
Quick Rent Budget Calculator
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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
Oliver Street Elementary School
The Newark Public School District
Public School - Grades PK-8 (1045)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Newark, NJ Rentals by Map
See the most popular apartments and homes in Newark, NJ
Getting Around Newark, NJ
Walk Score®
80 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
69 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,250.
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 $3,371.
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 63 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 $410 which is $2,961 cheaper than the average rent for all rentals in Newark.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.