Cheap Apartments for Rent in the Downtown Newark Neighborhood of Newark, NJ from $700 (71 Rentals)

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

property at 39 Bruen St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Aug 15

39 Bruen St, Unit Bruen Court Condos

39 Bruen St
NewarkNJ07105

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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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University Court, Inc.
1 to 3 Bedroom Apartments

University Court, Inc.

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

96 Union St

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

25 Prospect St

25 Prospect StNewark, NJ 07105
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Building 6
Studio to 3 Bedroom Apartments

Building 6

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

Lincoln Park Lofts

39-41 Lincoln ParkNewark, NJ 07102
  • Utilities Included

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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Hallmark House
Studio to 2 Bedroom Apartments

Hallmark House

10 Hill StNewark, NJ 07102
  • Utilities Included
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915 Broad
Studio to 2 Bedroom Apartments

915 Broad

915 Broad StNewark, NJ 07102
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115Bruen
Studio to 2 Bedroom Apartments

115Bruen

115 Bruen StNewark, NJ 07105
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15-17 Fulton St
2 Bedroom Apartments

15-17 Fulton St

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

118 Elm St

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

19 Fulton Street

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

The William House

45-53 William StNewark, NJ 07102
  • Utilities Included

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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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 $1,795. Hoyt Tower has the second lowest priced unit, which is a Studio apartment currently listed from $1,875. 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$1,795
Hoyt TowerStudioStudio,1BA$1,875
Iron6509Studio,1BA$1,949
The PrimeOne Bedroom1BR,1BA$1,995
120 Elm StOffice SpaceStudio,1BA$2,000
The MercerC - 1BD1BR,1BA$2,014
Water`s EdgeLayout CStudio,1BA$2,025
The EddyStudio BStudio,1BA$2,065
Textile LoftsStudio - 1st.Studio,1BA$2,100
Walker HouseStudio / 1 BathroomStudio,1BA$2,175

Best Value Apartments for Rent in Downtown Newark, NJ

As of July 24, 2026 the best value apartment in the Downtown Newark area is the $1.81 price per square foot 300 Model at 194 Market St in the in the Central Business District neighborhood starting from $2,400. The second greatest value Downtown Newark apartment is the 130 Elm St Model at 130 Elm St, Unit 3 starting at $2,399 with a $1.92 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.
194 Market St3001BR,1BA$1.81
130 Elm St, Unit 3130 Elm St3BR,1BA$1.92
74 Sussex Ave, Unit 274 Sussex Ave3BR,2BA$2.41
30 Elm St, Unit 230 Elm St3BR,1BA$2.27
110 Grant Ave, Unit 1F110 Grant Ave2BR,1BA$2.44
120 Elm St2br 1 bath2BR,1BA$2.89
William FlatsCharleston II1BR,1BA$2.99
The PrimeOne Bedroom1BR,1BA$2.66
Textile LoftsStudio - 1st.Studio ,1BA$3.07
Teachers Village - 17 William1 Jr Bed 1 Bath1BR,1BA$2.80

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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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

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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 $1,875.

How much is rent for a Cheap One Bedroom Downtown Newark Apartment?

The lowest price for a Cheap One Bedroom Downtown Newark Apartment is $1,795 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 $2,095 at Teachers Village - 17 William.

What is the most affordable Downtown Newark Three Bedroom Apartment?

The best deal on a cheap Downtown Newark Three Bedroom Apartment rental is at Newark Urby and starts from $3,446.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.