How to Rent Your Vacation Home or Condo in Newark, New Jersey

A growing trend in vacation rental (VR) is a growing number of people who are looking for alternatives to staying in a hotel. Hotels can be expensive and not always convenient, so many people are looking for other options. One of the options that is becoming more popular is renting out your home as a VR. This can be a great way to make extra money or even start your own business if you have the right property. When choosing an area to rent out, it’s important to keep some things in mind. Here are a few things to consider: There are a lot of different factors that go into choosing the right area to put your VR. It’s important to do your research and find an area that has good demand and supply, as well as accessibility. It can also be beneficial to look at the demographics of your surrounding area and what kind of people you’re likely to get as tenants.

Current Vacation Rental Trends in Newark

During the month of September, Newark is projected to generate over $188/night for a 2 bedroom vacation rental, on average! There were 872 vacation active rental properties in Newark.  427 are renting the entire place, and 445 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Newark is booked 75% of the time, and most hosts are projected to generate $2,568 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
tag

$188.00 Per Night*

calendar

75% Occupied*

gauge

$2,568.00 Per Month*

* Based on the median average of all vacation rentals in the Newark area.
Get a free estimate for your home or condo.

Featured Newark Vacation Rental Generating Record Profits with RedAwning

Halsey Haven 55- Upbeat Arts District close to NYC Starting at $115 to $295 per night!

Space is no object in this large two bedroom apartment located in the center of the Downtown Arts District. Restaurants, galleries, theater, NYC Express train, museums, and the Prudential Sports Arena are all within walking distance. Surrounded by colleges and universities with a great young vibe. Brand New Whole Foods Market directly across the street! Short rides to Newark Airport and Port Liberty! 

Whether you are here for business or pleasure, this large space is ideal for... Read More

This Newark vacation home is presented on every travel website, where travelers are looking to book accommodations (Airbnb, VRBO, Expedia, Google Travel, and hundreds more). And, with RedAwning's dynamic pricing, daily rates are adjusted based on seasonality and demand in Newark.

See how much your Newark vacation rental could earn:

Successful short-term vacation rentals in Newark, New Jersey

In recent years, there has been a growing trend in home-sharing. Short-term rentals have become very popular in urban areas where people are looking for affordable lodging options. While many people view short-term rentals as an opportunity to earn some extra money, others see them as a way to explore parts of the city they wouldn’t otherwise be able to experience. Some people just want to stay in a place that feels like home away from home. Whatever your reason for renting out your property, it’s important to take care of it so that guests have a positive experience. Here are some tips for making your Newark vacation rental feel like home:

Positive vacation rental trends in Newark, New Jersey when you considering renting out your Newark home as a short-term rental: One of the advantages of being a short-term rental property owner is that you can rent your property out on short term basis and earn money from it. It might be a great way to make extra cash if you need an extra income to pay for bills. There are several benefits of renting out your home as a short-term rental, such as: • You can have more flexibility with the time of year you choose to rent out your home. For example, if you want to rent out your property during the winter months, it is easier to do so because there are fewer people looking for rentals. • You can get more exposure by renting out your home to vacationers looking for a place to stay while they visit your city or area. • You can earn some extra money by charging guests a fee or fee per night they stay at your property while they are visiting the area.

Revenue Projections for Vacation Rentals in Newark, New Jersey during October, 2022

Based on a 2 bedroom, which is the most common Newark vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Newark vacation rental is available during these days.
 
$26285%1st
 
$25084%2nd
 
$24483%3rd
 
$24483%4th
 
$24583%5th
 
$25284%6th
 
$27085%7th
 
$26685%8th
 
$25385%9th
 
$24583%10th
 
$24283%11th
 
$24283%12th
 
$24583%13th
 
$25483%14th
 
$25783%15th
 
$24283%16th
 
$24083%17th
 
$23882%18th
 
$23983%19th
 
$24783%20th
 
$26284%21st
 
$25583%22nd
 
$24483%23rd
 
$23982%24th
 
$24182%25th
 
$24082%26th
 
$24983%27th
 
$25883%28th
 
$25883%29th
 
$24682%30th
 
$24082%31st
 

Average Daily Price & Percent Occupied Next Month In Newark

Note: These averages are based on a 2 bedroom home in Newark. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Newark, New Jersey?

If you are a speculative home buyer or have another home in New Jersey, check out our other New Jersey Vacation Rental Management reports in Atlantic City, New Jersey or view all of our vacation rental market reports

Request More Information