The Mercer
10 Commerce Ct,
Newark, NJ 07102
$2,088 - $3,350
1-2 Beds
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 2026, the average apartment rent in Downtown Newark is $1,702 for a studio, $2,111 for one bedroom, $2,719 for two bedrooms, and $3,095 for three bedrooms. Apartment rent in Downtown Newark has decreased by -0.5% in the past year.
Studio
521 sq ft
Average Sq Ft
$1,702/month
Average Rent
1 BR
708 sq ft
Average Sq Ft
$2,111/month
Average Rent
2 BR
1,024 sq ft
Average Sq Ft
$2,719/month
Average Rent
3 BR
1,012 sq ft
Average Sq Ft
$3,095/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Newark - Newark, NJ is for everyday living.
Walker's Paradise
Lace up your walking shoes because this area is considered a walker’s paradise.
Rider's Paradise
Living in this area is considered a rider’s paradise, with world-class transportation.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Niche User
11 years and 7 months ago•Niche Review
As of late, there have been numerous businesses that have opened. With new businesses comes more jobs for people. Eateries are probably the main things opening.
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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 2026.