Cheap Apartments for Rent in 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 stayed about the same in Jun 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $2,200 |
| Aug 2025 | $2,100 |
| Sep 2025 | $2,250 |
| Oct 2025 | $2,163 |
| Nov 2025 | $2,150 |
| Dec 2025 | $2,150 |
| Jan 2026 | $2,195 |
| Feb 2026 | $2,100 |
| Mar 2026 | $2,100 |
| Apr 2026 | $2,150 |
| May 2026 | $2,150 |
| Jun 2026 | $2,150 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,550 | $1,875 | $2,200 | $2,550 | $2,150 |
| Townhomes | $1,250 | $2,400 | $2,500 | $2,300 | $2,280 |
| Apartments and Condos | $1,550 | $1,800 | $2,200 | $2,550 | $2,145 |
| Houses | $1,495 | $2,300 | $3,500 | $2,650 | $2,600 |
Frequently Asked Questions about Rentals in 07103
- What is the average rent of an apartment in 07103?The average rent of an apartment in 07103 is $2,214 per month. This is about 13% higher than the national average.
- What is the average rent of a house in 07103?The average rent of a house in 07103 is $2,600 per month. This is about 33% higher than the national average.
- What is the average rent of a townhome in 07103?The average rent of a townhome in 07103 is $2,280 per month. This is about 17% higher than the national average.
- When is the average rent cheapest in 07103?In the last year, the average rent in 07103 was lowest in Aug 2025 when it was $2,100 per month.
- When is the average rent most expensive in 07103?In the last year, the average rent in 07103 was highest in Feb 2025 when it was $2,300 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 $1,550 per month. That is about $250 more than the cost of a studio apartment.
- How many available rental listings are in 07103?There are 499 available rental listings 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.
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