Cheap Apartments for Rent in the Downtown Newark Neighborhood of Newark, NJ from $700 (48 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

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150
Total Monthly Price
$2,150

1 Bedroom, 1 Bath Condo for Rent

Available Now

111 Mulberry St, 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
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
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

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
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
close
View Me
115Bruen
Studio to 2 Bedroom Apartments

115Bruen

115 Bruen StNewark, NJ 07105
  • Utilities Included
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

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
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
William Flats
Studio to 2 Bedroom Apartments

William Flats

15 William StNewark, NJ 07102
  • Utilities Included
close
View Me
Griffith Building
Studio to 2 Bedroom Apartments

Griffith Building

605-607 Broad StNewark, NJ 07102
close
View Me
Clinton Street Lofts
1 to 2 Bedroom Apartments

Clinton Street Lofts

11-15 Clinton StNewark, NJ 07102
  • Utilities Included
close
View Me
35 Mulberry St
1 Bedroom Apartments

35 Mulberry St

35 Mulberry StNewark, NJ 07102

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
Showing Results 1-48, 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 $1,795. Iron65 has the second lowest priced unit, which is a Studio apartment currently listed from $1,819. 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
Iron6500Studio,1BA$1,819
120 Elm St1br 1bath1BR,1BA$1,850
Hoyt TowerStudioStudio,1BA$1,850
Newark UrbyM4A1BR,1BA$1,907
Clinton FlatsWooster1BR,1BA$1,990
The PrimeOne Bedroom1BR,1BA$1,995
Walker HouseStudio / 1 BathroomStudio,1BA$2,063
Eleven80A021BR,1BA$2,064
Textile LoftsStudio - 5thStudio,1BA$2,075

Best Value Apartments for Rent in Downtown Newark, NJ

As of June 08, 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 $2,499 with a $2.00 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$2.00
74 Sussex Ave, Unit 274 Sussex Ave3BR,2BA$2.33
30 Elm St, Unit 230 Elm St3BR,1BA$2.27
Hahne and Co.1 Bedroom / 1 Bathroom1BR,1BA$3.05
120 Elm St2br 1 bath2BR,1BA$2.89
William FlatsCharleston II1BR,1BA$2.99
The PrimeOne Bedroom1BR,1BA$2.66
Textile LoftsStudio - 5thStudio ,1BA$3.03
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.

Read Article
Decorative image

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.

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 Iron65 listed at $1,819.

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.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.