Apartments in 07103
350 rentals
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INCOME RESTRICTED$1,690 - $1,952/mo
2-3 Beds
1-2 BathsMontgomery Heights | 671 Martin Luther King Blvd,
Newark, NJ 07103
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Average Rent Trends in 07103
Rent in 07103 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,123 |
| Nov 2025 | $2,225 |
| Dec 2025 | $2,213 |
| Jan 2026 | $2,313 |
| Feb 2026 | $2,275 |
| Mar 2026 | $2,223 |
| Apr 2026 | $2,202 |
| May 2026 | $2,250 |
| Jun 2026 | $2,227 |
| Jul 2026 | $2,210 |
| Aug 2026 | $2,228 |
| Sep 2026 | $2,122 |
Average Rent By Bedroom and Home Type
In September 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,600 | $1,895 | $2,100 | $2,500 | $2,000 |
| Townhomes | $1,350 | $2,450 | $2,250 | $2,600 | $2,000 |
| Apartments and Condos | $1,600 | $1,895 | $2,100 | $2,495 | $2,000 |
| Houses | $1,500 | — | $3,500 | $2,600 | $2,600 |
Frequently Asked Questions about Apartments and Condos for rent in 07103
- What is the average rent of an apartment in 07103?The average rent of an apartment in 07103 is $2,094 per month. This is about 7% higher than the national average.
- When is the average rent for an apartment cheapest in 07103?In the last year, the average rent in 07103 was lowest in Aug 2025 when it was $2,051 per month.
- When is the average rent for an apartment most expensive in 07103?In the last year, the average rent in 07103 was highest in Jun 2025 when it was $2,363 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 07103?The average rent of a 1 bedroom apartment in 07103 is $1,906 per month. That is about $493 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 07103?There are 368 available apartments or condos to rent in 07103.
- What are some cities near 07103?Some nearby cities include: Newark, East Newark, East Orange, Irvington, Harrison, Orange. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 07103 - 463 Apartamentos | Trulia