34 Grant St
NewarkNJ07104
Cheap Apartments for Rent in the Downtown Newark Neighborhood of Newark, NJ from $700 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Newark area of Newark.
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from $1,690Studio to 2 Bedroom Apartments Contact Us For Availability
Hoyt Tower
50-54 Sussex AveNewark, NJ 07103
58 New St
NewarkNJ07102
50-54-54 Sussex Ave
NewarkNJ07103
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from $1,7951 to 2 Bedroom Apartments Available Now
Teachers Village - 17 William
17 William StNewark, NJ 07102
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Showing Results 1-16, Page 1 of 1
Downtown Newark, Newark, NJ Local Guide
How much does it cost to rent an apartment in Downtown Newark?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Newark Studio Apartments | $2,323 | $1,690 | $3,465 |
| Downtown Newark 1 Bedroom Apartments | $2,674 | $1,600 | $4,150 |
| Downtown Newark 2 Bedroom Apartments | $3,016 | $1,850 | $6,916 |
| Downtown Newark 3 Bedroom Apartments | $3,148 | $2,570 | $5,199 |
| Downtown Newark 4 Bedroom Apartments | $2,931 | $2,840 | $3,160 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Newark Neighborhood of Newark, NJ.
See all Apartments in NewarkExplore Newark
Downtown Newark, Newark, NJ Local Guide
- Nearby Newark neighborhoods
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Cheapest Available Downtown Newark Apartments for Rent
The cheapest available apartment rental in the Downtown Newark area of Newark, NJ is a 1 Bed unit found at Teachers Village - 17 William priced from $1,795. Indigo Residence has the second lowest priced unit, which is a Studio apartment currently listed from $1,950. Here are the most affordable Downtown Newark apartments for rent in Newark, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Teachers Village - 17 William | 1 Jr Bed 1 Bath | 1BR,1BA | $1,795 |
| Indigo Residence | Studio | Studio,1BA | $1,950 |
| Clinton Flats | Regal | 1BR,1BA | $1,975 |
| The William House | Studio 11 | Studio,1BA | $2,050 |
| The Eddy | Studio A | Studio,1BA | $2,070 |
Best Value Apartments for Rent in Downtown Newark, NJ
As of March 29, 2025 the best value apartment in the Downtown Newark area is the $3.13 price per square foot B13 Model at Eleven80 in the in the Central Business District neighborhood starting from $4,391. The second greatest value Downtown Newark apartment is the 68 Prospect St Model at 68 Prospect St, Unit 2 starting at $3,000 with a $2.14 price per square foot in the Central Business District neighborhood. Here is today’s list of the best values for Downtown Newark apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eleven80 | B13 | 2BR,2BA | $3.13 |
| 68 Prospect St, Unit 2 | 68 Prospect St | 3BR,2BA | $2.14 |
| Walker House | 2 Bedroom / 1.5 Bathroom | 2BR,1.5BA | $2.41 |
| The William House | 2 Bed/2 Bath | 2BR,2BA | $2.74 |
| Teachers Village - 17 William | 1 Bed 1 Bath | 1BR,1BA | $2.33 |
| 25 Cottage St, Unit 2 | 25 Cottage St | 2BR,1BA | $2.71 |
| 5 Elm St, Unit 3 | 5 Elm St | 2BR,1BA | $2.44 |
| William Flats | Jackson | 1BR,1BA | $2.86 |
| 160-164 University Ave | 3 Bedroom | 3BR,1BA | $3.23 |
| Water`s Edge | Layout M | 1BR,1BA | $3.37 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Newark, Newark, NJ
Ranked #10
Among neighborhoods in Newark, NJ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Newark. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Downtown Newark Neighborhood in Newark, NJ
Walk Score®
97 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
64 / 100
Bikeable
Some bike infrastructure
Transit Score®
95 / 100
Rider’s Paradise
World-class public transportation
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 Downtown Newark Apartments
What is a cheap apartment in Downtown Newark?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Newark is under $2,195.
What is the price of a cheap apartment in Downtown Newark?
The cheapest apartment in Downtown Newark is Teachers Village - 17 William which is listed at $1,795, while the average apartment in Downtown Newark costs $2,850.
What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown 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 Downtown Newark?
Cheap apartments in Downtown Newark have an average cost of $134 which is $2,716 cheaper than the average rent for all rentals in Downtown 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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
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.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.