Luxury 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 May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,280 |
| 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 |
Average Rent By Bedroom and Home Type
In May 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 | $1,800 | $2,200 | $2,500 | $2,150 |
| Townhomes | $1,350 | $2,500 | $2,350 | $2,200 | $2,200 |
| Apartments and Condos | $1,550 | $1,795 | $2,200 | $2,550 | $2,100 |
| Houses | $1,500 | — | $2,550 | $2,980 | $2,550 |
Frequently Asked Questions about Rentals in 07103
- What is the average rent in 07103?The average rent in 07103 is $2,150. Rent prices range from $800 to as much as $4,200, depending on the type of rental.
- How does the rent in 07103 compare to the national average?Average rent in 07103 is about 13% higher than the national average rent of $1,910. That means it is more expensive to rent in 07103 compared to the U.S. average.
- What is the average rent in 07103, by number of bedrooms?The average rent in 07103 is $1,500 for a studio, $1,550 for a 1 bedroom, $1,800 for a 2 bedroom, $2,200 for a 3 bedroom, and $2,500 for a 4 bedroom.
- How have rent prices in 07103 changed compared to last year?In the past year, the average rent price in 07103 has decreased by $50. That means the average rent is 2% lower than last year.
- How many available rental listings are in 07103?There are 446 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.
Copyright Garden State Multiple Listing Service, L.L.C. All rights reserved. Information is deemed reliable but not guaranteed.