To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Mv by bedroom type below.
2 Bedroom
Suggested income:
$34,200
per year
Rent report
Mv Rent vs. Newark Average
Mv
Newark Average
2BR
$950
$1,474
$0
$500
$1,000
$1,500
$2,000
Mv is asking 36%
less than the average 2 bedroom apartment in
Newark.
If you upsized to an average priced Newark 3 bedroom apartment, you would pay
9% less per month.
If you downsized to an average priced Newark 1 bedroom apartment,
you would pay 22% less per month.
Mv provides 17%
less square footage than the average
Newark 2 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
Mv
2BR
$950
$1.20
$2,850
Newark Average
1BR
$1,206
$1.80
$3,617
2BR
$1,474
$1.50
$4,423
3BR
$1,355
$1.10
$4,066
4BR
$1,492
$1.00
$4,475
Availability in Newark
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 71 2BR
units on the market in Newark. If you're looking to negotiate, this may be your best option.