Rent in Newark, NJ
Across Newark's 11 ZIP codes, a 2-bedroom typically rents for about $1,348 a month, with figures from $1,172–$2,233. The highest typical rent is in 07175 ($2,233) and the lowest in 07114 ($1,172). 9 ZIPs have ZIP-level figures from HUD or Census; the other 2 use the county Fair Market Rent. Owner-occupied homes in Essex County pay about 1.91% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,309 | $915–$1,637 | 11 |
| 1 bed | $1,209 | $326–$1,850 | 11 |
| 2 beds | $1,348 | $1,172–$2,233 | 11 |
| 3 beds | $1,769 | $1,558–$2,785 | 11 |
| 4 beds | $2,185 | $1,798–$3,188 | 11 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Newark ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Newark, NJ?
- About $1,348 a month: the median of the typical rents in 11 ZIP codes, which range from $1,172–$2,233. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Newark, NJ?
- About $1,209 a month: the median of the typical rents in 11 ZIP codes, which range from $326–$1,850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Newark, NJ?
- About $1,769 a month: the median of the typical rents in 11 ZIP codes, which range from $1,558–$2,785. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Newark, NJ?
- About $1,309 a month: the median of the typical rents in 11 ZIP codes, which range from $915–$1,637. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Newark, NJ?
- About $2,185 a month: the median of the typical rents in 11 ZIP codes, which range from $1,798–$3,188. Figures are gross rent (rent plus tenant-paid utilities).
- Which Newark ZIP code has the highest rent?
- For a 2-bedroom, 07175 has the highest typical rent at $2,233 a month, and 07114 the lowest at $1,172.
- What is the property tax rate in Newark, NJ?
- Owner-occupied homes in Essex County pay a typical 1.91% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Newark rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).