Cheap Homes for Rent in Downtown Newark Neighborhood of Newark, NJ from $2,000 (6 Rentals)

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

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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 $1,800. 55 Union has the second lowest priced unit, which is a Studio apartment currently listed from $1,999. 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
55 UnionS-01.1Studio,1BA$1,999
The William HouseStudio 11Studio,1BA$2,050

Best Value Apartments for Rent in Downtown Newark, NJ

As of August 14, 2025 the best value apartment in the Downtown Newark area is the $0.78 price per square foot 8 Elm St Model at 8 Elm St, Unit Ground floor in the in the Central Business District neighborhood starting from $1,700. The second greatest value Downtown Newark apartment is the 2 Bed 1 Bath / 4 Line Model at 91 Halsey Street 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.
8 Elm St, Unit Ground floor8 Elm St1BR,1BA$0.78
91 Halsey Street2 Bed 1 Bath / 4 Line2BR,1BA$2.13
Clinton Street LoftsA Line2BR,1BA$2.45
Teachers Village - 17 William1 Bed 1 Bath1BR,1BA$2.33
289-293 Halsey StOne Bedroom1BR,1BA$2.76
111 Mulberry St, Unit 2F111 Mulberry St1BR,1BA$2.47
5 Elm St, Unit 35 Elm St2BR,1BA$2.44
Hoyt TowerOne Bed1BR,1BA$2.81
115BruenOne Bedroom 11BR,1BA$2.96
3 Prospect Row, Unit #13 Prospect Row1BR,1BA$2.85

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Frequently Asked Questions about Downtown Newark

What type of rentals are currently available in Downtown Newark?

There are currently 150 Apartments for Rent in Downtown Newark, NJ with pricing that ranges from $1,700 to $6,505. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Newark ranging from $2,000 to $2,700.

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 $2,000 to $2,700 with an average monthly rent of $2,350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.