The Most and Least Expensive Areas to Rent in South Broad Street, Newark, NJ

South Broad Street 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.

 

South Broad Street, Newark, NJ of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in South Broad Street is about $1,005 per month. This puts it in the 14th percentile compared to the city average cost of rent, which is $1,170. Households in South Broad Street have a median income of $2,979 per month so the average renter in South Broad Street is spending roughly 34% of their earnings on housing.

Nationally, and in South Broad Street, home values are the data point most closely correlated with the cost of rent. The median price of a home in South Broad Street is $318,860 right now, which is higher than nearby neighborhoods, meaning that rents in South Broad Street also tend to be higher versus these nearby neighborhoods.

Higher rent prices are common in the central parts of South Broad Street while lower rent rates are often available in northern areas.

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