Cheap Apartments for Rent in the Downtown Newark Neighborhood of Newark, NJ from $783 (82 Rentals)

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

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69 Congress St
$1,700 - $2,500

Total Monthly Price

Base Rent$1,700 - $2,500
Total Monthly Price$1,700 - $2,500
1 to 2 Bedroom Apartment Available Now

69 Congress St

69 Congress StNewark, NJ 07105

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

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property at 300 Washington St
$2,264 - $3,777
Studio To 2 Bedroom Rentals
Available Now

300 Washington St

NewarkNJ07102

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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64 James St
$2,600 - $2,700

Total Monthly Price

Base Rent$2,600 - $2,700
Total Monthly Price$2,600 - $2,700
3 Bedroom Apartment Available Now

64 James St

64 James StNewark, NJ 07102
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74 Sussex Ave, Unit 2
$2,899

Total Monthly Price

Base Rent$2,899
Total Monthly Price$2,899
3 Bedroom Apartment Available Now

74 Sussex Ave, Unit 2

74 Sussex AveNewark, NJ 07103

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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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

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 $1,957. 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$1,957
Eleven80S01Studio,1BA$1,994
The MercerC - 1BD1BR,1BA$2,014
Walker HouseStudio / 1 BathroomStudio,1BA$2,075
Iron65121BR,1BA$2,079
The DistriktI StudioStudio,1BA$2,104
Dey & BergenS2-aStudio,1BA$2,180

Best Value Apartments for Rent in Downtown Newark, NJ

As of September 07, 2026 the best value apartment in the Downtown Newark area is the $2.08 price per square foot 130 Elm St Model at 130 Elm St, Unit 3 in the in the Central Business District neighborhood starting from $2,600. The second greatest value Downtown Newark apartment is the 2 Bed x 1 Bath Type-2 Model at 91 Halsey St starting at $2,650 with a $2.13 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$2.08
91 Halsey St2 Bed x 1 Bath Type-22BR,1BA$2.13
74 Sussex Ave, Unit 274 Sussex Ave3BR,2BA$2.41
64 James St64 James St3BR,1BA$2.45
69 Congress St69 Congress St2BR,1BA$2.38
510 Washington St, Unit 1L510 Washington StStudio ,1BA$2.33
Hahne and Co.1 Bedroom w/ Den / 1 Bathroom1BR,1BA$3.15
Textile Lofts1 Bed W/Den1BR,1BA$2.68
William FlatsCharleston II1BR,1BA$2.99
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 $1,957.

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 $3,495.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.