Cheap Homes for Rent in Downtown Newark Neighborhood of Newark, NJ from $2,200 (9 Rentals)

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

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.

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.

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 Studio unit found at 186 Market St priced from $1,700. Teachers Village - 17 William has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here are the most affordable Downtown Newark apartments for rent in Newark, NJ:

Apartment ListingModel NameBed/BathPriced From
186 Market St302Studio,1BA$1,700
Teachers Village - 17 William1 Jr Bed 1 Bath1BR,1BA$1,800
Walker HouseStudio / 1 BathroomStudio,1BA$1,843

Best Value Apartments for Rent in Downtown Newark, NJ

As of January 29, 2026 the best value apartment in the Downtown Newark area is the $2.76 price per square foot Layout W Model at Water`s Edge in the in the Central Business District neighborhood starting from $2,980. The second greatest value Downtown Newark apartment is the 130 Elm St Model at 130 Elm St, Unit 2 starting at $2,199 with a $2.20 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.
Water`s EdgeLayout W2BR,2BA$2.76
130 Elm St, Unit 2130 Elm St2BR,1BA$2.20
William FlatsCharleston1BR,1BA$2.63
392 Broad St, Unit 2392 Broad St2BR,1BA$2.47
Teachers Village - 17 William1 Bed 1 Bath1BR,1BA$2.33
Clinton Street LoftsD Line2BR,1BA$2.64
289-293 Halsey StOne Bedroom1BR,1BA$2.30
Hahne and Co.2 Bedroom / 1 Bathroom2BR,1BA$2.95
Walker HouseStudio w/ HO / 1 BathroomStudio ,1BA$2.67
Textile LoftsStudio with DenStudio ,1BA$2.82

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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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.

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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 #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown Newark

What type of rentals are currently available in Downtown Newark?

There are currently 159 Apartments for Rent in Downtown Newark, NJ with pricing that ranges from $1,700 to $4,964. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Newark ranging from $2,350 to $3,950.

What is the current price range for Rental Homes in Downtown Newark?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Newark ranges from $2,350 to $3,950 with an average monthly rent of $2,679.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.