Cheap Apartments for Rent in the Lower Broadway Neighborhood of Newark, NJ from $800 (59 Rentals)

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

property at 96-98 Peabody Pl

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

96-98 Peabody Pl

NewarkNJ07104

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

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Pavilion Towers
Studio to 2 Bedroom Apartments

Pavilion Towers

108 Dr Martin Luther King Jr BlvdNewark, NJ 07104
  • Utilities Included
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Evelyn Arms
Studio to 1 Bedroom Apartments

Evelyn Arms

357 Lake StNewark, NJ 07104
  • Utilities Included

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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330 Mount Prospect Ave
2 to 3 Bedroom Apartments

330 Mount Prospect Ave

330 Mount Prospect AveNewark, NJ 07104
  • Utilities Included
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289 Orange St
1 Bedroom Apartments

289 Orange St

289 Orange StNewark, NJ 07103
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Lantana
1 to 3 Bedroom Apartments

Lantana

109 Broad StNewark, NJ 07102
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Forest Hill House
Studio to 2 Bedroom Apartments

Forest Hill House

505 Mount Prospect AveNewark, NJ 07104
Senior Living
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Lobsang Apartments
Studio to 1 Bedroom Apartments

Lobsang Apartments

161-167 Lincoln AveNewark, NJ 07104
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The Colonnade
1 to 3 Bedroom Apartments

The Colonnade

25 Clifton AveNewark, 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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Bloomfield Plaza
Studio to 3 Bedroom Apartments

Bloomfield Plaza

95 BroadwayNewark, NJ 07104

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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Lower Broadway, Newark, NJ Local Guide

Cheapest Available Lower Broadway Apartments for Rent

 

The cheapest available apartment rental in the Lower Broadway 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 Lower Broadway 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
Addison Towers402 FStudio,1BA$1,275
Forest Hill TowersOne Bedroom1BR,1BA$1,600
125-133 Kearny Avenue1 Bedroom1BR,1BA$1,770

Best Value Apartments for Rent in Lower Broadway, NJ

As of April 18, 2026 the best value apartment in the Lower Broadway 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 Lower Broadway apartment is the 37 6th St Model at 37 6th St, Unit 2 starting at $2,800 with a $0.28 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Lower Broadway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
17 Norfolk St17 Norfolk St3BR,2BA$0.30
37 6th St, Unit 237 6th St3BR,1BA$0.28
30 Mount Pleasant Ave, Unit 2nd Floor30 Mount Pleasant Ave3BR,2BA$1.05
Garden Spires Apartments3 Beds, 1.5 baths3BR,1.5BA$1.26
130 Ridge St, Unit 3rd Floor130 Ridge St3BR,1BA$1.83
123 Highland Ave, Unit 1st Floor123 Highland Ave3BR,1BA$1.70
44 Washington St44 Washington St3BR,1BA$2.20
288 2nd Ave W, Unit 1A288 2nd Ave W2BR,1BA$2.19
Forest Hill TowersOne Bedroom1BR,1BA$1.78
Addison Towers380 BStudio ,1BA$2.19

10 Hidden Costs of Renting You Should Budget for Before Signing 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
Lower Broadway, Newark, NJ

Ranked #8

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
Lower Broadway, Newark, NJ

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Lower Broadway, Newark, and the greater New York City area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Lower Broadway Apartments

What is a cheap apartment in Lower Broadway?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lower Broadway is under $1,770.

What is the price of a cheap apartment in Lower Broadway?

The cheapest apartment in Lower Broadway is Garden Spires Apartments which is listed at $950, while the average apartment in Lower Broadway costs $4,500.

What types of apartments are the cheapest in Lower Broadway?

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 23 regular apartments in Lower Broadway 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 Lower Broadway?

Cheap apartments in Lower Broadway have an average cost of $245 which is $4,255 cheaper than the average rent for all rentals in Lower Broadway.

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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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.