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So from Newark did you just rent a car? Or how did you get into the actual city?
And I am guessing that you had to depart from Newark as well? Was that price including hotels and for how many days?
If you don't mind me asking
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No, definitely don't rent a car for a trip to NYC
If you really want to save a lot of $$$, you might want to look into hotels outside of Manhattan (hotels in Manhattan are $150-$200/night for anything remotely half decent)
I've heard that a good place to stay is in Cranford, NJ (15 min drive from Newark). Apparently they have a lot of quick buses into the city, or you can take the train. And your hotel will be a lot cheaper. Of course, then you don't get the experience of 'staying in Manhattan', so it depends how much that's worth to you.