New Jersey Institute of Technology

Newark, NJ

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New Jersey Institute of Technology - Newark, NJ Area Guide

Welcome to Newark, home to the Highlanders

Urban Public STEM Walkable Mass Transit Sea Grant

Situated in the University Heights neighborhood of Newark roughly 20 minutes from Manhattan, the New Jersey Institute of Technology offers an urban setting that is walkable and has easy access to mass transit. With a history dating back to 1881, NJIT is a public university that began as a small college with 88 students. Today, this public research, sea-grant university is highly ranked, especially in the area of STEM graduates. NJIT is also fast-growing and has doubled in size in the past 10 years. NJIT is located near the intersection of Central Avenue and Lock Street, within walking distance of Downtown Newark. It is also about a block from Rutgers University. The University Heights neighborhood is ideal for accessing both university campuses, making it very popular with students looking for off-campus housing near NJIT. The brownstones in the neighborhood -- especially in the James Street Historic District -- are very popular with renters. University Heights contains some of Newark's most famous historic buildings, including the university's Eberhardt Hall, built in 1856 as the Newark Orphan Asylum.

Rent Trends

As of April 2026, the average apartment rent in Newark, NJ is $1,368 for a studio, $1,605 for one bedroom, $2,010 for two bedrooms, and $2,095 for three bedrooms. Apartment rent in Newark has increased by 0.4% in the past year.

  • Studio

  • 486 sq ft

    Average Sq Ft

  • $1,368/month

    Average Rent

  • 1 BR

  • 621 sq ft

    Average Sq Ft

  • $1,605/month

    Average Rent

  • 2 BR

  • 884 sq ft

    Average Sq Ft

  • $2,010/month

    Average Rent

  • 3 BR

  • 929 sq ft

    Average Sq Ft

  • $2,095/month

    Average Rent

Getting Around

Exceptionally Walkable

Walkability

90 / 100

Exceptional Public Transit

Transit

100 / 100

Fairly Drivable

Drivability

50 / 100

Fairly Bikeable

Bikeability

50 / 100

Daily Essentials

Supermarket Within a 5 Minute Walk

Groceries

90 / 100

Great Restaurant Variety Nearby

Restaurants

80 / 100

Good Café Variety Nearby

Cafes

60 / 100

Good Variety of Shops Nearby

Shopping

70 / 100

Recreation

Large Amount of Park Space Nearby

Parks

70 / 100

Good Wellness Amenity Variety Nearby

Wellness

60 / 100

Local Vibe

Vibrant Atmosphere

Vibrancy

60 / 100

Fair Nightlife Variety Nearby

Nightlife

40 / 100

Somewhat Noisy

Quiet Score

80 / 100

Schools

Robert Treat Academy Charter School

Public

Grades K-8

689 Students

New Park School

Public

Grades PK-8

810 Students

Ridge Street Elementary School

Public

Grades PK-8

578 Students

Newark Educators Charter School

Public

Grades PK-5

169 Students

Discovery Charter School

Public

Grades K-8

105 Students

Robert Treat Academy Charter School

Public

Grades K-8

689 Students

Science High School

Public

Grades 6-12

938 Students

New Park School

Public

Grades PK-8

810 Students

Ridge Street Elementary School

Public

Grades PK-8

578 Students

Discovery Charter School

Public

Grades K-8

105 Students

Technology High School

Public

Grades 9-12

665 Students

Science High School

Public

Grades 6-12

938 Students

Bard Early College High School

Public

Grades 9-12

381 Students

North Star Academy Charter School of Newark

Public

Grades K-12

6,352 Students

Points of Interest

Parks and Recreation

  • Newark Museum and Dreyfuss Planetarium
  • Branch Brook Park
  • Kearny Marsh
  • Edison National Historic Site
  • Richard W. DeKorte Park

Airports

  • Newark Liberty International
  • LaGuardia

Top Apartments Near New Jersey Institute of Technology

Houses Near New Jersey Institute of Technology

Property Management Companies

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Methodology

† 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.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.