Short Term Rental Management in Newark, New Jersey

Short Term Rental Management in Newark

Awning offers full-service vacation rental property management for busy vacation rental owners and Airbnb hosts in Newark, New Jersey. Starts at 15% of revenue.

Best Airbnb Management in Newark, New Jersey

Awning offers local Airbnb management for short-term rental owners. Get management starting at 10%.

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Awning’s Airbnb Calculator estimates the annual revenue for any address as a short-term rental.

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Newark, New Jersey

Newark, New Jersey is an ideal location for Airbnb hosts because of its proximity to New York City, diverse cultural scene, and thriving business community. People stay at Airbnb's here to explore the city's attractions, attend events and conferences, and visit family and friends.

Newark experienced significant growth in guest arrivals, with its proximity to New York City being a key factor driving appeal as it's located just a short train ride from Manhattan. The market benefits from consistent business travel due to Newark Liberty International Airport and corporate presence, creating steady year-round demand. Peak periods align with major NYC events, conventions, and tourist seasons when visitors seek more affordable accommodations than Manhattan hotels. Holiday seasons and summer months see increased leisure travel, while the airport location drives continuous business traveler demand. The market experiences less seasonal variation than pure tourist destinations due to its business travel foundation and transportation hub status.

STRs allowed only in qualifying principal residences (e.g., condos), and require an annual permit ($250) from Department of Engineering under Chapter 18:14. Fire & safety compliance also mandated.(eCode360, Newark City Government, BNB Calc, newarknjstr.munirevs.com, Airbtics | Airbnb Analytics)

Managing an Airbnb in Newark can be challenging due to the competition in the market and the need to comply with local and state regulations. A professional Airbnb management company can help by providing services such as marketing, guest communication, and property maintenance. They can also ensure that hosts stay in compliance with all regulations and laws.

The most sought-after amenities in Newark include proximity to public transportation to New York City, access to cultural events and attractions such as the Newark Museum of Art and the New Jersey Performing Arts Center, and convenient parking. Prime locations for Airbnb properties include those in the downtown area, which offers a variety of shops and restaurants, and those close to public transportation.

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Market overview
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Airbnb seasonality
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Short-term rental regulations
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Airbnb property management
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Locations and amenities
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Newark, New Jersey

Newark is New Jersey's largest city with a population of approximately 311,000 and serves as a major transportation hub and cultural center in the New York metropolitan area. Located just eight miles from Manhattan, Newark offers visitors access to world-class cultural institutions, diverse neighborhoods, and significant historical sites while providing a more affordable alternative to New York City. The city has a rich history dating back to 1666 and has been home to many notable figures in business, arts, and politics. Newark's economy is built around transportation (including Newark Liberty International Airport), healthcare, education (Rutgers University), and finance, while recent revitalization efforts have brought new investment, cultural venues, and residential development to the downtown area.

Rental Seasonality

Newark experienced significant growth in guest arrivals, with its proximity to New York City being a key factor driving appeal as it's located just a short train ride from Manhattan. The market benefits from consistent business travel due to Newark Liberty International Airport and corporate presence, creating steady year-round demand. Peak periods align with major NYC events, conventions, and tourist seasons when visitors seek more affordable accommodations than Manhattan hotels. Holiday seasons and summer months see increased leisure travel, while the airport location drives continuous business traveler demand. The market experiences less seasonal variation than pure tourist destinations due to its business travel foundation and transportation hub status.

Top Neighborhoods & Attractions

The downtown area features the New Jersey Performing Arts Center and Prudential Center, while the Ironbound district (also known as Down Neck) offers authentic Portuguese and Brazilian culture with excellent restaurants and markets. The University Heights area surrounding Rutgers University provides collegiate atmosphere, while neighborhoods like Forest Hill showcase beautiful early 20th-century architecture. Key attractions include the New Jersey Performing Arts Center (NJPAC), one of the largest performing arts centers in the United States, the Prudential Center (home to the NHL's New Jersey Devils), and the Newark Museum of Art, which houses an impressive collection including American art, decorative arts, and a planetarium. The Cathedral Basilica of the Sacred Heart is considered one of the finest examples of Gothic Revival architecture in America, while Branch Brook Park features the largest collection of cherry blossom trees in the United States, creating spectacular spring displays. Newark's proximity to New York City via multiple transportation options makes it an excellent base for exploring the broader region while experiencing authentic urban culture and diverse communities.

Average Daily Rate

$205

Average Occupancy Rate

68%

Property Management Fees

15% to 30%

Average Annual Revenue

$30,683

Taxes & Regulations in Newark, New Jersey

Short Term Rental Regulations

STRs allowed only in qualifying principal residences (e.g., condos), and require an annual permit ($250) from Department of Engineering under Chapter 18:14. Fire & safety compliance also mandated.(eCode360, Newark City Government, BNB Calc, newarknjstr.munirevs.com, Airbtics | Airbnb Analytics)

Taxes

Hosts must register/supply taxes; platforms may remit on hosts’ behalf if applicable.(Avalara, RedAwning)

Ease of Regulation

Difficult | Permit, safety compliance, combined with state and local tax obligations, make regulation stringent.

Types of Short Term Rental Properties in Newark, New Jersey

Newark's short-term rental market serves business travelers and budget-conscious NYC visitors with a mix of modern apartments near transportation hubs, converted historic properties in revitalized neighborhoods, and business-friendly accommodations near the airport and corporate centers. The inventory includes high-rise apartments with Manhattan views, practical accommodations designed for extended business stays, and family-sized units for travelers needing multiple bedrooms. Many properties emphasize convenience to public transportation, with features like early check-in for airport travelers, business amenities for corporate visitors, and easy access to NYC while offering significant cost savings over Manhattan accommodations.

Bedrooms
Average daily rate
1 bed

$104

2 bed

$138

3 bed

$186

4+ bed

$249

Why choose Awning

We have an experienced team and a suite of technology dedicated to providing the best service possible.

Awning logo
Other property managers
Cost
Starting at 10%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
Pricing
Communication
Management
Maintenance
Reporting
Value

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Awning logo
Other
Cost
Starts at 5%
25-40%
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Average guest rating

No cancellation fees
No contract lock-in
Just 90 days notice to cancel

Annual contracts with cancellation penalties

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.

+10-30%

in gross revenue

4.8 stars

guest rating

5+ years

managing STRs

What you get with Awning in Newark, New Jersey

Taking care of your home

Awning’s team ensures your home is maintained and stocked well and always ready for its next booking.

Making guests happy

With an always available operations and support team, we’re available to take the 2am call about the toilet to make your guest happy.

Attract the most guests

We use our data and best practices to ensure your listing performs as well as possible and makes you the most money.

Unlock your home’s potential

Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.

Connect with a property manager

Get in touch about full-service vacation rental management.

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FAQ

What is vacation rental management?

Vacation rental management is the full operation of a short-term rental property, including listing optimization, booking coordination, guest communication, cleaning, and maintenance to maximize revenue and satisfaction. It’s ideal for owners who want a hands-off income stream. Learn how it works with Awning’s vacation rental management services.

How does Airbnb management work?

Airbnb management covers optimizing your listing, managing bookings and calendars, messaging guests, coordinating cleaning and repairs, and adjusting pricing to drive revenue. A professional manager handles these tasks so owners can stay passive.

What are the benefits of hiring a professional Airbnb manager?

Professional Airbnb managers handle everything from guest inquiries and pricing to maintenance and compliance, resulting in higher efficiency, more consistent occupancy, and better reviews—even while you focus on other priorities. Explore more at Awning’s owner resources.

What is full-service vs half-service vacation rental management?

Full-service management covers everything from listing creation and pricing to guest support, cleaning, and maintenance. Half-service plans handle fewer operational tasks, often leaving cleaning and guest messaging to the owner. See full-service benefits.

Are there restrictions on personal use for properties under Awning management?

Owners can block dates on the calendar for personal use as long as it doesn’t conflict with existing bookings. Discuss your calendar preferences directly with your Awning advisor. Start with Awning contact & advisor scheduling.

How much are Awning property management fees?

Awning’s full-service vacation rental management fees start at 10% of monthly revenue, depending on property type, location, and services needed. This competitive pricing includes core management but may vary with additional offerings. See the full breakdown at Airbnb management fees explained.

What services does Awning vacation rental management offer?

Awning handles all key short-term rental management services, including:

  • Listing optimization & marketing
  • Dynamic pricing models
  • Guest communication & calendar management
  • Cleaning, linen, and restocking
  • Pool, hot tub & lawn maintenance
  • Smart home automation & guidebooks

Explore the full services list at Awning vacation rental management services.

Can Awning help me convert a rental property or home into an Airbnb?

Yes — Awning assists owners from property selection and furnishing to final setup and ongoing management so your home is optimized for revenue on Airbnb and other platforms. Start with Awning’s get started page.

How does Awning compare to Vacasa?

Awning delivers full-service management at a lower starting percentage and greater fee transparency than Vacasa, which typically charges higher rates with additional service costs. See Vaasa Fees explained.

How does Awning compare to Evolve?

Unlike Evolve’s half-service model, Awning provides full operational support including cleaning, pricing, and guest communication for a truly hands-off experience. More on full vs half service.

Does Awning offer insurance for hosts and their properties?

Awning provides tailored insurance options that cover property and income risks related to short-term rental activity. Ask your advisor for a tailored quote.

Will Awning maintain amenities like pools and hot tubs?

Yes — Awning coordinates maintenance for features like pools, hot tubs, and outdoor areas so amenities remain guest-ready and compliant. These are part of Awning’s property maintenance services.

What is the pet policy for properties under Awning management?

Pet policies are set by the property owner. Awning supports owner-defined pet rules and can assist with additional cleaning or maintenance plans as needed. Link to your preferences via Awning support.

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