Newark Rent Report: October 2026
Welcome to the Apartment List October 2026 Rent Report for Newark, NJ. Currently, the overall median rent in the city stands at $1,666, after falling 1.3% last month. Prices are now down 2.6% 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 1.3% over the course of September, and has now decreased by a total of 2.6% over the past 12 months. Newark’s rent growth over the past year has has fallen behind both the state (0.8%) and national averages (-0.4%).
Nine months into the year, rents in Newark have risen 0.2%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to September 2025 rents had increased 0.4%.
Newark rents went down 1.3% in the past month, compared to the national rate of -0.1%. Among the nation's 100 largest cities, this ranks #97. Similar monthly rent growth took place in Madison, WI (-1.2%) and Pittsburgh, PA (-1.4%).
Citywide, the median rent currently stands at $1,249 for a 1-bedroom apartment and $1,718 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,666. That ranks #29 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,220 for a 1-bedroom, $1,374 for a 2-bedroom, and $1,388 overall. The median rent in Newark is 20.0% higher than the national, and is similar to the prices you would find in Scottsdale, AZ ($1,692) and Norfolk, VA ($1,664).
If we expand our view to the wider New York metro area, the median rent is $2,344 meaning that the median price in Newark ($1,666) is 28.9% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at 1.9%, above the rate of rent growth within just the city.
The table below shows the latest rent stats for 11 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 $3,757. Newark is the metro’s most affordable city, with a median rent of $1,666. The metro's fastest annual rent growth is occurring in Hoboken (5.0%) while the slowest is in Newark (-2.6%).
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.