Cheap Apartments for Rent in Newark, NJ from $500 (329 Rentals)

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

property at 2 Beaumont Pl

2 Beaumont Pl

NewarkNJ07104
Showing Results 1-50, Page 1 of 7

Newark, NJ Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Newark, NJ

Pricing Updated: 03/21/2025

Current apartment rentals in the Newark, NJ area range in price from $850 to $12,129 with an overall median price of $3,489. The three Newark neighborhoods with the lowest median rent pricing are Ward 5 at $1,136, Ward 3 at $1,100, and Lower Vailsburg at $1,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Newark Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ward 5$2,400$1,1362310
Ward 3$2,475$1,1001562
Lower Vailsburg$2,600$1,100529
Upper Vailsburg$2,600$1,250242
Lower Broadway$2,700$1,2091517
Ward 4$2,850$1,0002185
Fairmount$2,850$1,0003006
West Side$2,850$932763
Ward 2$2,900$1,1361680
Upper Irvington$2,900$1,1002011

Cheapest Available Newark Apartments for Rent

 

The cheapest available apartment rental in Newark, NJ is a 1 Bed unit found at The Residences at Clinton Hill in the Upper Clinton Hill neighborhood priced from $932. Senior Horizon in the Bergen Point neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,141. Here is today’s list of the most affordable Newark apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Residences at Clinton Hill1BR/1BA1BR,1BA$932
Senior Horizon1 Bedroom 1 Bathroom1BR,1BA$1,141
Garden Spires Apartments1 Bed, 1 bath1BR,1BA$1,209
Sheridan GardensStudioStudio,1BA$1,250
Parkwood Place ApartmentsStudioStudio,1BA$1,250

Best Value Apartments for Rent in Newark, NJ

As of March 21, 2025 the best value apartment in the Newark area is the $0.28 price per square foot 237 Peshine Ave Model at 237 Peshine Ave, Unit 2 in the in the Upper Clinton Hill neighborhood starting from $2,800. The second greatest value Newark apartment is the 467-469 Summer Ave Model at 467-469 Summer Ave, Unit 2 starting at $2,000 with a $0.82 price per square foot in the Lower Broadway neighborhood. Here is today’s list of the best values for Newark apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
237 Peshine Ave, Unit 2237 Peshine Ave4BR,1BA$0.28
467-469 Summer Ave, Unit 2467-469 Summer Ave2BR,1BA$0.82
147 Brookside Ave, Unit IRVINGTON BOOKING ROOM B147 Brookside Ave1BR,1BA$0.82
708 Broadway, Unit 3708 Broadway2BR,1BA$1.10
767 Broadway, Unit 1767 Broadway3BR,1BA$1.39
96 King St96 King St1BR,1BA$1.11
158 South Harrison3 Bed 1 Bath3BR,1BA$1.12
The Residences at Clinton Hill2BR/1BA2BR,1BA$1.05
4 Rose Ave, Unit 2 R4 Rose Ave1BR,1BA$1.32
115 Rutgers Ave, Unit 1115 Rutgers Ave3BR,2BA$1.38

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Newark Overview

Located just eight miles from the excitement of New York City, apartments in Newark have been beckoning east coast residents for decades. Offering a compelling mix of convenience, big city amenities and a solid and ever-growing job market base, this working class New Jersey destination might just be the place you are looking for to call home.

Why live in Newark, NJ?

One of the most dynamic cities in all of New Jersey, rentals in Newark have much to offer. From nightlife to a flourishing job market, this east coast hot spot is a winning combination of industry, public parks and world-class shopping. Families will undoubtedly love the wide range of school options, and the local infrastructure makes travel a breeze. With the Big Apple just a short commute away, Newark apartments make an ideal settlement for many traveling New Yorkers as well.

Best Local Schools in
Newark, NJ

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Newark, NJ Rentals by Map

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See the most popular apartments and homes in Newark, NJ

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Getting Around Newark, NJ

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

69 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Newark Apartments

What is a cheap apartment in Newark?

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

What is the price of a cheap apartment in Newark?

The cheapest apartment in Newark is The Residences at Clinton Hill which is listed at $932, while the average apartment in Newark costs $3,489.

What types of apartments are the cheapest in 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 920 regular apartments in 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 Newark?

Cheap apartments in Newark have an average cost of $142 which is $3,347 cheaper than the average rent for all rentals in Newark.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

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While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

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