Discover Newark Short-Term Rentals with the Best Local Attractions
Newark short-term rentals are surging, thanks to proximity to the Prudential Center and the Newark Museum of Art. Travelers and professionals are fueling demand for flexible lodging, making Newark vacation rentals a quick favorite among STR investors.
Quick Takeaways
- 2,150 active vacation rentals in Newark as of April 2025
- Average daily rate (ADR) is $164
- Occupancy sits at 72%, up from last year
- YOY revenue growth exceeds 11%
- Average cancellation rate is 15%
- Focus on walkability; offer flexible check-in for best results
Market Growth and Demand Patterns
Newark’s STR market now supports over 2,150 active listings this spring. This sharp growth is fueled by increased business travel, the city’s arts scene, and international airport traffic. Newark’s unique blend of history and urban energy fuels a steady traveler pipeline.
Strong Revenue and Rising Rates
Average daily rates for vacation rentals in Newark hit $164, up from $147 last year. Occupancy also climbed, now averaging 72%. These STR investing in Newark stats indicate sustained guest demand and stable pricing power for investors.
AirDNA Insights: Higher YOY Revenue
Year-over-year revenue for Newark short-term rentals jumped 11%. Local hosts are leveraging tech tools and offering premium amenities to drive listings. More investors are joining the market due to higher returns versus traditional leases.
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Managing Cancellations and Stay Trends
Cancellation rates in Newark hover at 15%, a slight decline from last year. Flexible cancellation policies and instant booking features attract more guests. Listings near NJPAC and Rutgers University are top performers—proximity matters.
Investor Tips and Outbound STR Platform
Focus your STR investing in Newark near local attractions like Branch Brook Park and the Newark Museum of Art. List on Airbnb for maximum booking exposure. Consider upgrades to stand out in Newark’s competitive short-term rental landscape.
Newark is quickly becoming an STR hotspot for investors seeking solid growth, reliable occupancy, and access to a vibrant city. Curious about your property’s potential? Get in touch or try the StaySTRa Analyzer free.
