Overview of Newark
There's no shortage of things to do while living in Newark apartments for rent. Considered the cultural capital of New Jersey, Newark is home to world-class dining, top-notch attractions, beautiful scenery and a rich history – it is one of America's oldest destinations. But there is more to Newark than just a great place to travel. The city is just 8 miles west of New York City, but is home to only about 277,000 people, making it much more livable. Family-friendly neighborhoods, diverse options for people of any age and close proximity to transportation options make Newark one of the best places to call home in the Garden State.
Living in Newark
While looking at Newark apartments for rent, you'll quickly notice the deeply rooted past of the city that is still embraced today. The city was founded in 1966, and although it went through some tumultuous times, it is now known as "The Renaissance City" for its renewal efforts in the 1990s and early 2000s. Today you'll find this town has an abundance of amenities, a stable housing market and high income per capita.
People living in Newark apartments can take advantage of the African American Music Expo, the New York International Salsa Congress Dance & Music Festival or the Newark Bears Baseball games.
Newark Apartments and Cost of Living
One of the most attractive features of Newark apartments for rent are their low price tags. According to AreaVibes, the median rental rate is 27 percent less than the rest of New Jersey; however, the overall cost of living is 2 percent more than the state's average. Renters will be able to take advantage of a low cost of transportation as well, because the typical cost of gas is on par with the state's average and the commute time is only 9 percent longer than the rest of the state.
Renters in apartments in Newark will enjoy the walkability of the community, as most errands can be accomplished on foot. If you're looking for a neighborhood where you can ditch the four wheels, consider the Central Business District, North Ironbound, University Heights and Seventh Avenue. All of these neighborhoods are rated the highest for pedestrians.
Apartments in Newark Work and Study
Since apartments for rent in Newark are so close to New York City, renters will have endless opportunities for education and employment. Newark is also home to the Prudential Financial, Public Service Enterprise Group, Celegne and several Fortune 500 companies. Students can attend Essex County College, University of Medicine and Dentistry of New Jersey or Rutgers University.