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ZIP Code · NJ

ZIP 07103

Part of Newark, NJ
Pop. 37,293·Essex County·161st most expensive ZIP in New Jersey
Median rent (all units)
$2,183/mo
Year-over-Year
+0.5%
Month-over-Month
-1.2%
vs US Median
+$218
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07103 · $2,183
More expensive than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,600
2 BR
$1,930
3 BR
$2,430
4 BR+
$2,760
Research median
$1,930/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,196/yr
At $2,183/mo median
Location
CityNewark
StateNJ
CountyEssex County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 0.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.5% YoY, -1.2% MoM), not inventory.
Demographics

Who lives here

ZIP 07103 (Newark, NJ) is majority renter-occupied, has a median income below the national average, 23.4% of residents hold a bachelor's degree or higher.

Population
37,293
Median income
$51,534
Median age
32.4
Renters
75.4%
Age distribution
25%
28.8%
24.5%
Under 1825%
18–3428.8%
35–5424.5%
55–6411%
65+10.7%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
65.8%
22.6%
White6.3%
Black65.8%
Hispanic22.6%
Asian4.5%
Other0.8%
Education (25+)
19.4%
33.9%
23.4%
23.4%
No HS diploma19.4%
HS diploma33.9%
Some college23.4%
Bachelor's+23.4%
Housing tenure
24.6%
75.4%
Owner24.6%
Renter75.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 07103 in Newark, NJ has changed in 5 years

Income
$35,043 → $51,534
up 47.1%
Population
36,025 → 37,293
up 3.5%
Renter share
77.5% → 75.4%
-2.1 pts
Bachelor's+
19.9% → 23.4%
+3.5 pts
Median age
31.2 → 32.4
+1.2 yrs

Household income in the area moved from $35,043 to $51,534 across the same window, up 47.1% versus 2021. The population has grown by 3.5% since 2021, moving from about 36,025 residents to roughly 37,293. Renters now make up 75.4% of households, compared with 77.5% five years ago. College-educated residents now make up 23.4% of adults here, versus 19.9% in 2021.

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Local insights

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About renting in ZIP 07103

Last updated: July 20, 2026

ZIP code 07103 covers Newark, NJ. The median rent here is $2,183/mo as of July 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,930/mo.

At 51% of local median household income ($51,534/yr), ZIP 07103 ranks as expensive compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07103?

As of July 20, 2026, the median monthly rent in ZIP 07103 (Newark, NJ) is $2,183. This is based on aggregated data from public sources and community submissions.

How does ZIP 07103 rent compare to the US average?

ZIP 07103's median rent of $2,183/mo is $218 (11%) above the US national median of $1,965/mo.

How does ZIP 07103 compare to other ZIPs in New Jersey?

ZIP 07103 is among the more affordable ZIP codes in New Jersey, ranking #161 out of 212 ZIPs at $2,183/mo.

How much income do you need to rent in ZIP 07103?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,183/mo in ZIP 07103. The local median household income is $51,534/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07103?

Rent in ZIP 07103 has been relatively stable over the past year, with a 0.5% change year over year as of July 20, 2026.

Is ZIP 07103 an affordable place to rent?

ZIP 07103 is considered expensive for renters. At $2,183/mo, rent takes approximately 51% of the local median household income ($51,534/yr). The standard benchmark is 30%. ZIP 07103 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 07103 residents rent vs. own?

According to Census data, approximately 75.4% of ZIP 07103 households are renters, while 24.6% are owner-occupied. With a majority renter population, ZIP 07103 has a strong rental market.

How does ZIP 07103 compare to the rest of Newark?

ZIP 07103 is pricier than Newark as a whole. At $2,183/mo, it's $53 above the Newark citywide median of $2,130/mo.

When was rent data for ZIP 07103 last updated?

Rent data for ZIP 07103 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
51%
EXPENSIVE

At $2,183/mo, rent takes ~51% of ZIP 07103's median household income ($51,534/yr). The standard benchmark is 30%.

ZIP 07103 51%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

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