Cheap Apartments for Rent in the Greater Newark Neighborhood of Newark, NJ from $500 (206 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Greater 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.

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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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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.

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Golden Brick
Studio to 2 Bedroom Apartments

Golden Brick

391-401 13th AveNewark, NJ 07103
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292 Wainwright St
Studio to 2 Bedroom Apartments

292 Wainwright St

292 Wainwright StNewark, NJ 07112
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595 Elizabeth Ave
Studio to 2 Bedroom Apartments

595 Elizabeth Ave

595 Elizabeth AveNewark, NJ 07112
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129 Chancellor Ave
Studio to 2 Bedroom Apartments

129 Chancellor Ave

129 Chancellor AveNewark, NJ 07112
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University Court, Inc.
1 to 3 Bedroom Apartments

University Court, Inc.

419 Washington StNewark, NJ 07102
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305 Osborne Ter
1 to 2 Bedroom Apartments

305 Osborne Ter

305 Osborne TerNewark, NJ 07112
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Pavilion Towers
Studio to 2 Bedroom Apartments

Pavilion Towers

108 Dr Martin Luther King Jr BlvdNewark, NJ 07104
  • Utilities Included

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.

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** Rooming House **
1 Bedroom Apartments

** Rooming House **

471 Washington StNewark, NJ 07102
Senior Living
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103 Chancellor Ave
Studio to 3 Bedroom Apartments

103 Chancellor Ave

103 Chancellor AveNewark, NJ 07112
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802 Broadway
1 to 2 Bedroom Apartments

802 Broadway

802-812 BroadwayNewark, NJ 07104
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96 Union St
Studio to 1 Bedroom Apartments

96 Union St

96 Union StNewark, NJ 07105
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Evelyn Arms
Studio to 1 Bedroom Apartments

Evelyn Arms

357 Lake StNewark, NJ 07104
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17-21 Elwood Pl
1 to 3 Bedroom Apartments

17-21 Elwood Pl

17-21 Elwood PlNewark, NJ 07104
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Grafton Arms
Studio to 3 Bedroom Apartments

Grafton Arms

76-82 Grafton AveNewark, NJ 07104
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Wainwright Street Arms
1 to 2 Bedroom Apartments

Wainwright Street Arms

214-218 Wainwright StNewark, NJ 07112
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Greater Newark, Newark, NJ Local Guide

Cheapest Available Greater Newark Apartments for Rent

 

The cheapest available apartment rental in the Greater Newark area of Newark, NJ is a 3 Beds unit found at FOUND Study University Centre priced from $838. Garden Spires Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Greater Newark apartments for rent in Newark, NJ:

Apartment ListingModel NameBed/BathPriced From
FOUND Study University CentreDouble in 3x3 - Newark 26-27 (12 Month)3BR,3BA$838
Garden Spires Apartments1 Bed, 1 bath1BR,1BA$950
Parkwood Place ApartmentsStudioStudio,1BA$1,250

Best Value Apartments for Rent in Greater Newark, NJ

As of April 21, 2026 the best value apartment in the Greater Newark area is the $0.30 price per square foot 17 Norfolk St Model at 17 Norfolk St in the in the Central Business District neighborhood starting from $3,000. The second greatest value Greater Newark apartment is the 55 Schley St Model at 55 Schley St, Unit 3 starting at $2,550 with a $0.26 price per square foot in the Upper Clinton Hill neighborhood. Here is today’s list of the best values for Greater Newark apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
17 Norfolk St17 Norfolk St3BR,2BA$0.30
55 Schley St, Unit 355 Schley St3BR,2BA$0.26
37 6th St, Unit 237 6th St3BR,1BA$0.28
167 Davis Ave, Unit 2167 Davis Ave1BR,1BA$0.37
326 Field Pl, Unit #2L326 Field Pl3BR,1BA$0.52
96 S 12th St, Unit 396 S 12th St3BR,2BA$0.62
75 Carolina Ave75 Carolina AveStudio ,1BA$0.51
24 Grand Ave, Unit 124 Grand Ave3BR,1BA$0.98
575 Stuyvesant Ave, Unit 0575 Stuyvesant Ave1BR,1.5BA$0.70
113 Rhode Island Ave, Unit Basement for Storage Only113 Rhode Island AveStudio ,0.5BA$0.83

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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
Greater Newark, Newark, NJ

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Greater Newark, Newark, NJ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States and customized analysis for Central Newark. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, family-friendly amenities, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Greater Newark Apartments

What is a cheap apartment in Greater Newark?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Greater Newark is under $1,250.

What is the price of a cheap apartment in Greater Newark?

The cheapest apartment in Greater Newark is Garden Spires Apartments which is listed at $950, while the average apartment in Greater Newark costs $4,000.

What types of apartments are the cheapest in Greater Newark?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Greater Newark that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Greater Newark?

Cheap apartments in Greater Newark have an average cost of $134 which is $3,866 cheaper than the average rent for all rentals in Greater Newark.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.