55 Union
55 Union St,
Newark, NJ 07105
$2,195 - $3,125 | Studio - 1 Bed
The largest city in New Jersey and the second biggest in the New York metro area, Newark has undergone an artistic and cultural renaissance in recent decades. A major international airport and shipping port, several institutions of higher learning, including two Rutgers campuses and the New Jersey Institute of Technology, and the headquarters of Prudential Financial, Panasonic, and PSEG all call Newark home, making it one of the busiest areas in the Garden State. With a melting pot of residents represented across the city's five distinct wards, Newark (which is Essex County's urban center) never fails to stimulate its residents with a diverse, urban landscape. Sitting just eight miles west of Manhattan, Newark allows its residents to easily commute to one of the world's most cosmopolitan destinations, which is just a short drive or train ride away.
As of March 2025, the average apartment rent in Downtown Newark is $1,655 for a studio, $2,103 for one bedroom, $2,764 for two bedrooms, and $2,962 for three bedrooms. Apartment rent in Downtown Newark has increased by 1.8% in the past year.
Studio
515 sq ft
Average Sq Ft
$1,655/month
Average Rent
1 BR
708 sq ft
Average Sq Ft
$2,103/month
Average Rent
2 BR
1,048 sq ft
Average Sq Ft
$2,764/month
Average Rent
3 BR
999 sq ft
Average Sq Ft
$2,962/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Rider's Paradise
out of 100 TransitScore® Rating
Living in this area is considered a rider’s paradise, with world-class transportation.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Niche User
9 years and 4 months ago•Niche Review
Everyone is friendly and welcoming. I love hearing their advice.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.