Let’s cut right to the chase: Newark, New Jersey has had its problems over the years.
However, there is one major perk to living in this city: Manhattan
Let’s cut right to the chase: Newark, New Jersey has had its problems over the years.
However, there is one major perk to living in this city: Manhattan
Let’s cut right to the chase: Newark, New Jersey has had its problems over the years.
However, there is one major perk to living in this city: Manhattan. Yes, New York City is just eight miles away. If you want instant access to arguably the best city in the world, and you don’t mind mixing it up with a diverse population that’s jam-packed like, well, like jam is packed into a jam jar, read on for your guide to settling down in Jersey’s largest city.
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With a population around 280,000, Newark is the biggest city in the Garden State. But all those people are stuffed into just 24 square miles of land, making Newark more crowded than a box of golden seedless raisins. Neighboring Jersey City is also one of the most densely populated cities in the country, so yeah, expect to be pretty familiar with your neighbors. Statistics show about two-thirds of those neighbors will be renters, and with the vacancy rate usually in the single digits, you will have some competition as you look for a place.
The average 1-bedroom unit will run you about $1100 a month in Newark. Yes, that’s higher than the national norm, but it’s also less than half of what you’d be paying to live in NYC, which, again, is just eight miles away. Keep in mind that New Jersey is one of the costliest states in which to live, with CNBC recently ranking it the 5th most expensive state in the U.S. http://www.cnbc.com/id/43484111?slide=7
This is a key question to ask yourself, because downtown Newark is where you’ll find Newark Penn Station, a major transportation hub where you can catch a subway, Amtrak train, New Jersey Transit bus, Greyhound bus, and more. If you’re aiming to live here sans car – and this is a great city to be vehicle-free in – make sure you’re comfortable with the walk that’s needed to get you on a people-mover.
Newark has more than a dozen established neighborhoods, but it’s the city’s five political wards that are used to reference the primary geographical components of the city. Here’s a rundown:
North Ward: Home to many of Newark’s historical landmarks, this is also where you’ll find two of the city’s most populous neighborhoods, Forest Hill and Roseville; both on the pricier side. Some 55,000 people live in the North Ward, many of them Italian-American or Latino. Branch Brook Park, a 360-acre, cherry blossom-saturated public park is also located here, so the scenery is seldom lacking.
South Ward: Bordered to the east by the very busy Newark Liberty International Airport, the South Ward is home to the Clinton Hill, Dayton, South Broad Valley and Weequahic neighborhoods.
East Ward: Generally considered to be the best area for renters, the East Ward is home to the Ironbound neighborhood and Downtown. Ironbound is known for its huge working class Portuguese population. Finding a good deal here – say, a 3-BR unit for $1200 – is not uncommon, so you should dig a bit if you’re a savy deal seeker, you might be rewarded handsomely for your exploits. The East Ward is also where you’ll find Newark’s Downtown section - the center of the mass transit access – as well as the Prudential Center (home of the NHL’s Devils), but not many apartments. If you can find some, great, just don’t get too discouraged if your search starts to look a bit forlorn.
West Ward: Fairmount, Ivy Hill, Vailsburg, and West Side are the primary neighborhoods here that have been the focus of a concerted effort by city leaders to bring affordable and quality housing to the area. Point your search in that direction if living here is absolutely essential.
Central Ward: Rutgers and other notable universities are located in the Central Ward.
It’s reasonable to say that renting an apartment in Newark requires a certain kind of mindset. You have to be adventurous yet still plant your stake here. For a New York City commuter or a pair of rugged-and-ready-for-anything college roommates, the city can be a steal of a deal. Hey, if Paul Simon, Queen Latifah, Shaquille O’Neal and Whitney Houston can survive a Newark upbringing, you can too. Here are a few tips for anyone ready to rent in Newark:
Take Advantage of the Transit
Be sure to take advantage of the city’s dizzying array of public transportation options. Not having a car in Newark means thousands of dollars in insurance, upkeep and fuel savings, so if you can ditch the ride, do it. There are bus and train stops all over the city, so investigate a little and learn your best routes.
All right, we’ll be the first to admit that our critique of Newark wasn’t exactly brimming with enthusiasm. No matter what, we’re confident you can find yourself an awesome apartment here, so get to it! Happy hunting!
The representation of ethnic minorities in Newark is higher than the national average. The eight main ethnic groups that make up the population of Newark are Black Or African American (46.4%), Hispanic Or Latino (36.2%), White (7.5%), Other (4.6%), Two Or More (2.7%), Asian (2.5%), American Indian Or Alaska Native (0.2%), and Native Hawaiian Or Other Pacific Islander (0%).
The representation of ethnic minorities in Newark is higher than the national average. The eight main ethnic groups that make up the population of Newark are Black Or African American (46.4%), Hispanic Or Latino (36.2%), White (7.5%), Other (4.6%), Two Or More (2.7%), Asian (2.5%), American Indian Or Alaska Native (0.2%), and Native Hawaiian Or Other Pacific Islander (0%).
Apartment List has released the results for Newark from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
These Newark neighborhoods are insanely popular right now! Renters are hunting down properties in these places.
Searching for an apartment for rent in Newark, NJ? Look no further! Apartment List will help you find a perfect apartment near you. There are 147 available rental units listed on Apartment List in Newark. Click on listings to see photos, floorplans, amenities, prices and availability, and much more!
The average rent in Newark is $1,922 for a studio, $2,472 for a one-bedroom apartment, and $2,847 for a two-bedroom apartment. If you are looking for a deal, keep an eye out for a red pulsing icon that indicates rent specials.
Tired of browsing? Take our personalized quiz. You’ll answer a couple of simple questions and we’ll put together a list of Newark apartments that are best for you. We’ll also factor in your commute, budget, and preferred amenities. Looking for a pet-friendly rental, or an apartment with in-unit washer and dryer? No problem, we’ll provide you with apartments that match that criteria.
You can trust Apartment List to help you find your next Newark, NJ apartment rental! After all, everyone deserves a home they love.
Welcome to the Apartment List December 2024 Rent Report for Newark, NJ. Currently, the overall median rent in the city stands at $1,654, after falling 1.0% last month. Prices remain up 1.9% year-over-year. Read on to learn more about what’s been happening in the Newark rental market and how it compares to trends throughout the broader New York metro area and the nation as a whole.
The median rent in Newark fell by 1.0% over the course of November, and has now increased by a total of 1.9% over the past 12 months. Newark’s rent growth over the past year has has outpaced both state (0.3%) and national (-0.6%) averages.
Eleven months into the year, rents in Newark have risen 0.7%. This is a faster rate of growth compared to what the city was experiencing at this point last year: from January to November 2023 rents had decreased 0.7%.
Newark rents went down 1.0% in the past month, compared to the national rate of -0.8%. Among the nation's 100 largest cities, this ranks #61. Similar monthly rent growth took place in Charlotte, NC (-1.0%) and Spokane, WA (-1.0%).
Citywide, the median rent currently stands at $1,240 for a 1-bedroom apartment and $1,706 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,654. That ranks #31 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,214 for a 1-bedroom, $1,368 for a 2-bedroom, and $1,382 overall. The median rent in Newark is 19.7% higher than the national, and is similar to the prices you would find in Chicago, IL ($1,662) and Chesapeake, VA ($1,653).
If we expand our view to the wider New York metro area, the median rent is $2,194 meaning that the median price in Newark ($1,654) is 24.6% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at 0.2%, below the rate of rent growth within just the city.
The table below shows the latest rent stats for 13 cities in the New York metro area that are included in our database. Among them, Hoboken is currently the most expensive, with a median rent of $3,406. Newark is the metro’s most affordable city, with a median rent of $1,654. The metro's fastest annual rent growth is occurring in New Brunswick (5.1%) while the slowest is in West New York (-6.3%).
You can also use the map below to explore the latest rent trends in the New York metropolitan area.
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.
Welcome to the Apartment List December 2024 Rent Report for Newark, NJ. Currently, the overall median rent in the city stands at $1,654, after falling 1.0% last month. Prices remain up 1.9% year-over-year. Read on to learn more about what’s been happening in the Newark rental market and how it compares to trends throughout the broader New York metro area and the nation as a whole.
Apartment List has released Newark’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Newark renters expressed general dissatisfaction with the city overall," according to Apartment List. "They gave most categories below average scores."
Key Findings in Newark include the following:
Renters say:
"I love living close to New York and Philadelphia, but crime has gotten worse." -Raymond Q.
"Unfortunately the cost of living is too expensive." -Anon.
"I love the access to available transportation, but not much else." -Erika E.
For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.
Let’s cut right to the chase: Newark, New Jersey has had its problems over the years.
However, there is one major perk to living in this city: Manhattan
View Newark City Guide