Newark, NJ Fair Market Rent (FY2026)
Newark, NJ HUD Metro FMR Area · NJ · 4 counties · pop. 2,079,077 (2023)
The FY2026 Fair Market Rent for a 2-bedroom in Newark, NJ is $2,205/month. Across bedroom sizes the HUD FMR runs from $1,612 (studio) to $3,137 (4-bedroom). That 2-bedroom figure is $1,230 above the US national median FMR of $975 — far above the national median FMR — and ranks #22 of 75 among the largest metros (1 = most expensive). FMR is the federal voucher rent standard, not the market median.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Newark, NJ FMR by bedroom size
| Unit size | Monthly FMR | ≈ Weekly | Annual |
|---|---|---|---|
| Studio / efficiency | $1,612 | $372 | $19,344 |
| 1-bedroom | $1,822 | $421 | $21,864 |
| 2-bedroom | $2,205 | $509 | $26,460 |
| 3-bedroom | $2,761 | $638 | $33,132 |
| 4-bedroom | $3,137 | $724 | $37,644 |
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Weekly and annual figures are simple conversions of the monthly FMR (÷4.33 and ×12). The monthly FMR is HUD's published value. Verify on huduser.gov.
What this FMR means
Fair Market Rent is HUD's estimate of the 40th-percentile gross rent — contract rent plus tenant-paid utilities — for a modest, non-luxury unit in Newark, NJ. It is recalculated each fiscal year from American Community Survey rent data and a current-year inflation factor. Public housing agencies use the FMR to set Housing Choice Voucher (Section 8) payment standards, typically 90–110% of the FMR. A higher FMR means the program will cover a higher rent in this area; it does not mean landlords charge exactly this much.
Newark, NJ vs its state and the US
| Benchmark | 2-bedroom FMR |
|---|---|
| Newark, NJ | $2,205 |
| New Jersey state median | $1,950 |
| US national median | $975 |
Newark, NJ sits in New Jersey, where the median area's 2-bedroom FMR is $1,950 and areas range from $1,673 to $2,763.
Metro areas with a similar FMR
The five areas closest to Newark, NJ on the 2-bedroom FMR scale:
| Metro area | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Newark, NJ (this area) | $1,612 | $1,822 | $2,205 | $2,761 | $3,137 |
| Riverside-San Bernardino-Ontario, CA | $1,692 | $1,777 | $2,201 | $2,912 | $3,514 |
| Washington-Arlington-Alexandria, DC-VA-MD | $1,953 | $2,015 | $2,246 | $2,835 | $3,332 |
| West Palm Beach-Boca Raton, FL | $1,788 | $1,901 | $2,254 | $2,920 | $3,388 |
| Sacramento--Roseville--Arden-Arcade, CA | $1,748 | $1,832 | $2,255 | $3,002 | $3,460 |
| Denver-Aurora-Centennial, CO | $1,643 | $1,754 | $2,089 | $2,734 | $3,049 |
Frequently asked questions
What is the FY2026 Fair Market Rent for a 2-bedroom in Newark, NJ?
The FY2026 HUD Fair Market Rent for a two-bedroom unit in the Newark, NJ HUD Metro FMR Area is $2,205 per month. FMR is the 40th-percentile gross rent (including utilities) HUD uses to set Housing Choice Voucher payment standards — it is not the local market median. Verify the current figure at huduser.gov.
What are the FMRs for other bedroom sizes in Newark, NJ?
In FY2026 the FMRs are $1,612 (studio), $1,822 (1-bedroom), $2,205 (2-bedroom), $2,761 (3-bedroom) and $3,137 (4-bedroom) per month. Larger units have higher FMRs because they assume more bedrooms and occupants.
Is rent in Newark, NJ high compared with the rest of the US?
Its 2-bedroom FMR of $2,205 is $1,230 above the national median FMR of $975 (+126%) — far above the national median FMR. Among the 75 largest metros it ranks #22 of 75 by 2-bedroom FMR (1 = most expensive).
Does the FMR mean my voucher will cover that much rent?
Not exactly. The local public housing agency (PHA) sets a "payment standard" usually between 90% and 110% of the FMR, and your subsidy is based on that standard minus roughly 30% of your adjusted income. The FMR is the benchmark, not a guaranteed amount — check with the PHA that serves Newark, NJ.
Keep exploring
Source & accuracy
FY2026 Fair Market Rents, U.S. Dept. of Housing & Urban Development — HUD USER (public domain). FMR is the federal voucher rent standard, not the market median. Figures are a June 2026 snapshot of HUD's revised final FY2026 file; verify the current value on huduser.gov before relying on it.
Last updated: 2026-06-20