Cheap Apartments for Rent in the Downtown Newark Neighborhood of Newark, NJ from $700 (49 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Read Article
property at 111 Mulberry St

$2,250

Total Monthly Price

Total Monthly Price

Base Rent
$2,250
Total Monthly Price
$2,250

1 Bedroom, 1 Bath Condo for Rent

Available Now

111 Mulberry St, Unit 8b, Unit 8b

111 Mulberry St
NewarkNJ07102

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.

Read Article
property at 111 Mulberry St

$2,250 - $2,450

1 To 2 Bedroom Rentals

Available Now

111 Mulberry St

NewarkNJ07102
close
View Me
University Court, Inc.
1 to 3 Bedroom Apartments

University Court, Inc.

419 Washington StNewark, NJ 07102
  • Utilities Included
close
View Me
96 Union St
Studio to 1 Bedroom Apartments

96 Union St

96 Union StNewark, NJ 07105
close
View Me
25 Prospect St
1 to 2 Bedroom Apartments

25 Prospect St

25 Prospect StNewark, NJ 07105

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.

Read Article
close
View Me
Building 6
Studio to 3 Bedroom Apartments

Building 6

245 Halsey StNewark, NJ 07102
  • Utilities Included
close
View Me
Lincoln Park Lofts
1 to 2 Bedroom Apartments

Lincoln Park Lofts

39-41 Lincoln ParkNewark, NJ 07102
  • Utilities Included
close
View Me
Hallmark House
Studio to 2 Bedroom Apartments

Hallmark House

10 Hill StNewark, NJ 07102
  • Utilities Included
close
View Me
186 Market St
Studio Apartments

186 Market St

186 Market StNewark, NJ 07102
  • Smoke Free
close
View Me
915 Broad
Studio to 2 Bedroom Apartments

915 Broad

915 Broad StNewark, NJ 07102
  • Utilities Included

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.

Read Article
close
View Me
15-17 Fulton St
2 Bedroom Apartments

15-17 Fulton St

15-17 Fulton StNewark, NJ 07102
close
View Me
118 Elm St
1 Bedroom Apartments

118 Elm St

118 Elm StNewark, NJ 07105
close
View Me
19 Fulton Street
Studio to 2 Bedroom Apartments

19 Fulton Street

19 Fulton StNewark, NJ 07102
close
View Me
The William House
Studio to 2 Bedroom Apartments

The William House

45-53 William StNewark, NJ 07102
  • Utilities Included
close
View Me
50 Rector Park
Studio to 2 Bedroom Apartments

50 Rector Park

50 Rector StNewark, NJ 07102
  • Utilities Included
close
View Me
Murphy Varnish Lofts
Studio to 2 Bedroom Apartments

Murphy Varnish Lofts

225-239 McWhorter StNewark, NJ 07105
  • Utilities Included
close
View Me
999 Broad
1 to 3 Bedroom Apartments

999 Broad

999 Broad StNewark, NJ 07102
  • Utilities Included
close
View Me
35 Mulberry St
1 Bedroom Apartments

35 Mulberry St

35 Mulberry StNewark, NJ 07102

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.

Read Article
Showing Results 1-49, Page 1 of 1

Downtown Newark, Newark, NJ Local Guide

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. Hoyt Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,850. Here are the most affordable Downtown Newark apartments for rent in Newark, NJ:

Apartment ListingModel NameBed/BathPriced From
Teachers Village - 17 William1 Jr Bed 1 Bath1BR,1BA$1,800
Hoyt TowerStudioStudio,1BA$1,850
Textile LoftsStudio - 2ndStudio,1BA$1,900
Clinton FlatsRegal1BR,1BA$1,990
The PrimeOne Bedroom1BR,1BA$1,995
120 Elm StOffice SpaceStudio,1BA$2,000
Eleven80S01Studio,1BA$2,053
Water`s EdgeLayout CStudio,1BA$2,065

Best Value Apartments for Rent in Downtown Newark, NJ

As of April 23, 2026 the best value apartment in the Downtown Newark area is the $2.00 price per square foot 130 Elm St Model at 130 Elm St, Unit 3 in the in the Central Business District neighborhood starting from $2,499. The second greatest value Downtown Newark apartment is the 30 Elm St Model at 30 Elm St, Unit 2 starting at $2,495 with a $2.27 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 ListingModel NameBed/BathPrice Per Sq.Ft.
130 Elm St, Unit 3130 Elm St3BR,1BA$2.00
30 Elm St, Unit 230 Elm St3BR,1BA$2.27
Halston FlatsAbbey2BR,1BA$2.61
Hahne and Co.1 Bedroom / 1 Bathroom1BR,1BA$2.73
Teachers Village - 17 William1 Bed 1 Bath1BR,1BA$2.33
120 Elm St2br 1 bath2BR,1BA$2.89
Clinton Street LoftsD Line2BR,1BA$2.64
The PrimeOne Bedroom1BR,1BA$2.66
Textile LoftsStudio - 2ndStudio ,1BA$2.81
26-28 Ferry St, Unit 126-28 Ferry St1BR,1BA$3.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Newark, Newark, NJ

Ranked #4

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Newark. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

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 Hoyt Tower listed at $1,850.

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 $2,250 at Clinton Street Lofts.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.