Cheap Apartments for Rent in Newark, NJ from $500 (333 Rentals)

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

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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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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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

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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: 06/23/2025

Current apartment rentals in the Newark, NJ area range in price from $775 to $13,043 with an overall median price of $3,189. The three Newark neighborhoods with the lowest median rent pricing are South Broad Street at $1,450, South Ironbound at $1,450, and Lower Vailsburg at $1,200. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Newark Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Broad Street$2,200$1,45039
South Ironbound$2,425$1,45035
Lower Vailsburg$2,475$1,20050
Upper Vailsburg$2,537$1,27522
Upper Irvington$2,600$1,25080
Lower Clinton Hill$2,600$775378
Weequahic$2,600$77544
Upper Roseville$2,700$1,20047
Springfield Belmont$2,725$90043
Fairmount$2,745$1,30078

Cheapest Available Newark Apartments for Rent

 

The cheapest available apartment rental in Newark, NJ is a 1 Bed unit found at The Residences at Clinton Hill in the Upper Clinton Hill neighborhood priced from $932. Garden Spires Apartments in the Lower Broadway neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Newark apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Residences at Clinton Hill1BR/1BA1BR,1BA$932
Garden Spires Apartments1 Bed, 1 bath1BR,1BA$950
Heritage EstatesStudio1BR,1BA$1,175
Senior Horizon2 Bedrooms 1 Bathroom2BR,1BA$1,205
Sheridan GardensStudioStudio,1BA$1,250
Parkwood Place ApartmentsStudioStudio,1BA$1,250

Best Value Apartments for Rent in Newark, NJ

As of June 23, 2025 the best value apartment in the Newark area is the $0.74 price per square foot 126 Main St Model at 126 Main St, Unit 2 in the in the North Ironbound neighborhood starting from $2,350. The second greatest value Newark apartment is the 19 Chapman Pl Model at 19 Chapman Pl, Unit 19 Chapman Place starting at $2,600 with a $1.04 price per square foot in the Upper Irvington 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.
126 Main St, Unit 2126 Main St3BR,1BA$0.74
19 Chapman Pl, Unit 19 Chapman Place19 Chapman Pl4BR,2BA$1.04
101 Parker St, Unit 1 st Floor101 Parker St3BR,1BA$0.88
7 Sager Pl, Unit 2R7 Sager Pl3BR,1BA$1.12
275 Linden Ave, Unit 275 Linden Ave Floor 2275 Linden Ave3BR,1.5BA$1.41
245 Mount Prospect Ave, Unit 1st Floor245 Mount Prospect Ave3BR,1BA$1.38
86 Hawthorne Ave, Unit 186 Hawthorne Ave3BR,1BA$1.31
Garden Spires Apartments3 Beds, 1.5 baths3BR,1.5BA$1.26
The Residences at Clinton Hill2BR/1BA2BR,1BA$1.05
165 Winfield Ave, Unit 128 sqft Bedroom165 Winfield Ave2BR,1BA$1.41

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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!

Explore Newark, NJ Rentals by Map

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See the most popular apartments and homes in Newark, NJ

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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 The Residences at Clinton Hill which is listed at $932, while the average apartment in Newark costs $3,189.

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 86 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 $363 which is $2,826 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.

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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.

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

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.

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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.

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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.