124 Union St
NewarkNJ07105
Cheap Apartments for Rent in the Downtown Newark Neighborhood of Newark, NJ from $700 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Newark area of Newark.
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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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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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Downtown Newark, Newark, NJ Local Guide
How much does it cost to rent an apartment in Downtown Newark?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Newark Studio Apartments | $2,179 | $1,750 | $2,764 |
| Downtown Newark 1 Bedroom Apartments | $2,491 | $1,350 | $3,600 |
| Downtown Newark 2 Bedroom Apartments | $3,136 | $1,950 | $4,545 |
| Downtown Newark 3 Bedroom Apartments | $2,875 | $2,450 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Newark Neighborhood of Newark, NJ.
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Downtown Newark, Newark, NJ Local Guide
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Cheapest Available Downtown Newark Apartments for Rent
The cheapest available apartment rental in the Downtown Newark area of Newark, NJ is a 1 Bed unit found at Teachers Village - 17 William priced from $1,800. 915 Broad has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,810. Here are the most affordable Downtown Newark apartments for rent in Newark, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Teachers Village - 17 William | 1 Jr Bed 1 Bath | 1BR,1BA | $1,800 |
| 915 Broad | 1 BR | 1BR,1BA | $1,810 |
| Walker House | Studio / 1 Bathroom | Studio,1BA | $1,917 |
Best Value Apartments for Rent in Downtown Newark, NJ
As of October 19, 2025 the best value apartment in the Downtown Newark area is the $2.04 price per square foot 68 Prospect St Model at 68 Prospect St, Unit 2 in the in the Central Business District neighborhood starting from $2,850. The second greatest value Downtown Newark apartment is the Abbey Model at Halston Flats starting at $2,650 with a $2.57 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Downtown Newark apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 68 Prospect St, Unit 2 | 68 Prospect St | 3BR,2BA | $2.04 |
| Halston Flats | Abbey | 2BR,1BA | $2.57 |
| 51 New St, Unit 3 | 51 New St | 3BR,1BA | $2.45 |
| 8 Elm St, Unit 2 | 8 Elm St | 3BR,1BA | $2.65 |
| Teachers Village - 17 William | 1 Bed 1 Bath | 1BR,1BA | $2.33 |
| 289-293 Halsey St | One Bedroom | 1BR,1BA | $2.29 |
| 5 Elm St, Unit 3 | 5 Elm St | 2BR,1BA | $2.44 |
| 915 Broad | 1 BR | 1BR,1BA | $2.48 |
| Hoyt Tower | One Bed/ One Bath | 1BR,1BA | $3.01 |
| 115Bruen | One Bedroom 1 | 1BR,1BA | $2.96 |
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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Pet Friendly LifestyleDowntown Newark, Newark, NJ
Ranked #1
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Downtown Newark Neighborhood in Newark, NJ
Walk Score®
97 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
64 / 100
Bikeable
Some bike infrastructure
Transit Score®
94 / 100
Rider’s Paradise
World-class public transportation
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 Downtown Newark Apartments
What is the Cheapest Studio apartment in Downtown Newark?
Currently the most affordable Cheap Studio Apartment in Downtown Newark is at Walker House listed at $1,917.
How much is rent for a Cheap One Bedroom Downtown Newark Apartment?
The lowest price for a Cheap One Bedroom Downtown Newark Apartment is $1,800 at Teachers Village - 17 William.
What is the lowest price for a Cheap Two Bedroom Downtown Newark Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Newark is starting from $2,395 at Teachers Village - 17 William.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.