NEWARK (PIX11) — Forbes magazine on Monday released its list of best cities for renters.
No city in the tri-state area made the best list. However, one city in northern New Jersey is on the list of the worst cities for renters.
Newark ranked No. 1 as the worst place to rent an apartment.
Forbes cited Newark’s high percentage of rent-burdened households. The average price to rent a one-bedroom apartment is more than $1,300. More than 56% of Newark households are spending 30% of their income on rent, according to Forbes.
New York City came in at No. 6 on the worst list with 50% of households spending 30% of their income on housing.
Matthew Euzarraga is a multimedia journalist from El Paso, Texas. He has covered local news and LGBTQIA topics in the New York City Metro area since 2021. He joined the PIX11 Digital team in 2023. You can see more of his work here.