Top Rated Cheap Apartments for Rent in Newark, NJ from $500 (15 Rentals)

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Top Rated Apartments in Newark.

Cheap Apartments in Newark.

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26-28 Elizabeth Ave
1 Bedroom Apartments

26-28 Elizabeth Ave

26-28 Elizabeth AveNewark, NJ 07108
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Grace West Manor
Studio to 4 Bedroom Apartments

Grace West Manor

301 Irvine Turner BlvdNewark, NJ 07108
Senior Living
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Hallmark House
Studio to 2 Bedroom Apartments

Hallmark House

10 Hill StNewark, NJ 07102
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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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Villager Apartments
Studio to 2 Bedroom Apartments

Villager Apartments

64-76 Myrtle AveIrvington, NJ 07111
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112 Westfield Ave
Studio to 1 Bedroom Apartments

112 Westfield Ave

112-118 Westfield AveElizabeth, NJ 07208
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Senior Horizon
1 to 2 Bedroom Apartments

Senior Horizon

74 Lexington AveBayonne, NJ 07002
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The Clinton Grand North
Studio to 2 Bedroom Apartments

The Clinton Grand North

14 N Clinton StEast Orange, NJ 07017
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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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Broad Street Apartments
1 to 2 Bedroom Apartments

Broad Street Apartments

1510 N Broad StHillside, NJ 07205
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Trefoil Manor
1 Bedroom Apartments

Trefoil Manor

23-25 W 33rd StBayonne, NJ 07002
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APEX Orange Crossing
Studio to 2 Bedroom Apartments

APEX Orange Crossing

276 Reock StOrange, NJ 07050
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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.

Newark, NJ Local Guide

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

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Newark, NJ Area Reviews

    Jamela1+ 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 $3,437.

    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 259 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 $413 which is $3,024 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 Pet-Friendly Renting: Everything You Need to Know Before You Move article

    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.

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    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.