East Newark renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in East Newark is about $1,305 per month. This puts it in the 24th percentile compared to the state average cost of rent, which is $1,647. Households in East Newark have a median income of $5,091 per month so the average renter in East Newark is spending roughly 26% of their earnings on housing.
Nationally, and in East Newark, home values are the data point most closely correlated with the cost of rent. The median price of a home in East Newark is $308,293 right now, which is lower than nearby cities, meaning that rents in East Newark also tend to be lower versus these nearby cities.
Higher rent prices are common in the northeastern parts of East Newark while lower rent rates are often available in southeastern areas.
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