Average Rent in Mercer, NJ

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Current Versus Historical Mercer, NJ Rents

Mercer rentals average $1,250 for a studio rental to $4,950 for a 4-bedroom rental. The median price of all currently available listings is $2,900, or roughly $2 per square feet.

For the apartment units and housing in November 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $150 (-10.71%) year-over-year from $1,400 to $1,250. 1-bedroom rentals prices have increased by $489 (32.43%) year-over-year from $1,508 to $1,998. 2-bedroom rentals prices have decreased by $881 (-26.06%) year-over-year from $3,381 to $2,500. 3-bedroom rentals prices have increased by $792 (27.70%) year-over-year from $2,858 to $3,650. 4-bedroom rentals prices have increased by $1,451 (46.81%) year-over-year from $3,099 to $4,550. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 10.29% this month. 1-bedroom rents have gone up by 10.31% this month. 2-bedroom rents have gone down by 19.02% this month. 3-bedroom rents have gone up by 5.04% this month. 4-bedroom rents have gone down by 6.67% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.54	$1,250	$1,400 (-10.71%)	$459 (172.48%)
1 BR	$2.01	$1,998	$1,508 (32.43%)	$1,100 (81.59%)
2 BR	$2.00	$2,500	$3,381 (-26.06%)	$3,381 (-26.06%)
3 BR	$1.93	$3,650	$2,858 (27.70%)	$1,808 (101.84%)
4+ BR	$2.06	$4,550	$3,099 (46.81%)	$2,938 (54.89%)

Historical Rents in Mercer, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Mercer

There are a total of 7 cities nearby Mercer. The average rent in Mercer is currently $3,100 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,795, is the most affordable city nearby. In contrast, the most expensive city near Mercer, NJ is Spring Lake, NJ. Monthly rents here are on average $8,500 per month.

Let's compare Mercer, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 2.50% more expensive. Two bedrooms in Mercer, NJ are about 11.00% more expensive. Finally, rent for three bedrooms are about 13.51% more expensive. Want more information? Check out the top 7 cities near Mercer, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,250	$1,675	$1,795	$1,795
Bethlehem, PA	$1,743	$1,498	$1,865	$1,813
Asbury Park, NJ	$1,725	$2,200	$2,700	$2,650
Point Pleasant Beach, NJ	N/A	$1,575	$2,225	$3,100
Belmar, NJ	N/A	$2,275	$2,800	$3,300
Manasquan, NJ	N/A	$2,150	$3,425	$4,500
Spring Lake, NJ	N/A	$1,950	N/A	$8,500

Top Neighborhoods Near Mercer

There are a total of 28 neighborhoods in or near Mercer. Some of these neighborhoods include Cobbs Creek, Germantown, and Kingsessing. We've included all of these top 28 neighborhoods in or near Mercer, NJ in the following chart.

The average rent for these 28 neighborhoods in or near Mercer, NJ is currently around $1,838 per month. A total of 27 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Mercer, Cobbs Creek has the most affordable average rent at $1,350 per month. Whereas, at $6,475 average rent per month, Battery Park City is the most expensive neighborhood in or near Mercer. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Cobbs Creek, Philadelphia, PA	$1,138	$1,193	$1,300	$1,350
Germantown, Philadelphia, PA	$952	$1,200	$1,595	$1,378
Kingsessing, Philadelphia, PA	$975	$1,225	$1,450	$1,450
West Powelton, Philadelphia, PA	$925	$1,265	$1,721	$1,500
Port Richmond, Philadelphia, PA	$1,500	$1,245	$1,450	$1,595
Roxborough, Philadelphia, PA	N/A	$1,550	$1,644	$1,600
South Philadelphia West, Philadelphia, PA	$1,125	$1,223	$1,500	$1,600
Avenue of the Arts North, Philadelphia, PA	N/A	$1,375	$1,550	$1,650
North Philadelphia West, Philadelphia, PA	$1,100	$1,200	$1,500	$1,650
North Philadelphia East, Philadelphia, PA	$1,103	$1,359	$1,688	$1,688
East Germantown, Philadelphia, PA	$895	$1,845	$1,450	$1,700
Spruce Hill, Philadelphia, PA	$1,345	$1,715	$2,000	$1,715
Kensington, Philadelphia, PA	$975	$1,600	$1,800	$1,750
Avenue of the Arts South, Philadelphia, PA	$1,055	$1,740	$2,850	$1,825
Queen Village - Pennsport, Philadelphia, PA	N/A	$1,650	$1,900	$1,850
Manayunk, Philadelphia, PA	$1,248	$1,475	$1,875	$1,875
Point Breeze, Philadelphia, PA	$1,080	$1,300	$1,725	$1,900
Rittenhouse Square, Philadelphia, PA	$1,398	$1,922	$2,781	$1,930
Center City West, Philadelphia, PA	$1,435	$1,950	$3,000	$1,945
Bella Vista - Southwark, Philadelphia, PA	$1,150	$1,350	$1,895	$1,970
Fairmount - Art Museum, Philadelphia, PA	$1,400	$1,550	$2,000	$1,980
Washington Square West, Philadelphia, PA	$1,750	$1,938	$2,523	$2,078
Center City East, Philadelphia, PA	$1,250	$1,860	$2,725	$2,095
Northern Liberties - Fishtown, Philadelphia, PA	$1,400	$1,700	$2,273	$2,100
Graduate Hospital, Philadelphia, PA	$1,242	$1,450	$2,150	$2,148
Logan Square, Philadelphia, PA	$1,796	$2,115	$3,295	$2,175
Fitler Square, Philadelphia, PA	$1,685	$2,219	$2,245	$2,241
Battery Park City, New York, NY	$3,950	$4,790	$8,695	$6,475

Top Counties Near Mercer

There are a total of 28 counties located by Mercer, NJ. Some of these counties include Philadelphia, PA, Lower Merion, PA, and Asbury Park, NJ. The average rent for rentals in these counties is $3,100. That's roughly around $2 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,795. Vice versa, with an average rent of $8,500, Spring Lake, NJ is the most expensive county by Mercer, NJ.

In comparison, rent for one bedroom listings in Mercer, NJ is 3.81% more expensive than other counties nearby. Finally, rent for two bedrooms in Mercer, NJ is 2.00% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,250	$1,675	$1,795	$1,795
Lower Merion, PA	$1,350	$1,700	$2,450	$2,378
Asbury Park, NJ	$1,725	$2,200	$2,700	$2,650
Edison, NJ	N/A	$2,195	$2,625	$2,950
Neptune, NJ	$1,625	$2,249	$2,500	$3,100
Toms River, NJ	N/A	N/A	$2,450	$3,100
Ocean, NJ	N/A	$1,875	$2,000	$3,250
Howell, NJ	N/A	$2,550	$3,400	$3,300
Belmar, NJ	N/A	$2,275	$2,800	$3,300
Brick, NJ	$1,650	$1,898	$2,175	$3,500

Top Zipcodes Near Mercer

There are a total of 6 zipcodes in or near Mercer, NJ. The average rent for all of these zipcodes is $1,638. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19131, Philadelphia, PA at $1,450 per month. In comparison, the zipcode with the most expensive average rent of $4,790 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $1,163. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Mercer, NJ is $1,426 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,629 per month. Which comes out to $2 per sqft. The following chart includes the top 6 zipcodes in Mercer, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
19104, Philadelphia, PA	$1,200	$1,475	$1,800	$1,715
19144, Philadelphia, PA	$926	$1,377	$1,500	$1,495
19128, Philadelphia, PA	$1,363	$1,500	$1,707	$1,625
19145, Philadelphia, PA	$1,125	$1,195	$1,550	$1,650
10280, New York, NY	$3,880	$4,675	$6,700	$4,790
19131, Philadelphia, PA	$1,000	$1,085	$1,443	$1,450

Frequently Asked Questions - Mercer Average Rents

What is the average rent price in Mercer, NJ?

The average monthly rental price for Mercer, NJ apartments for rent is approximately $2,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Mercer, NJ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Mercer, NJ.

How much is a studio apartment in Mercer, NJ?

The average monthly rental price for studio apartments is $1,250 and an average price per square feet of $2.54. There are a total of 3 studio apartment listings currently available for rent in Mercer.

How much is a one bedroom apartment in Mercer, NJ?

The average monthly rental price for one bedroom apartments is $2,000 and an average price per square feet of $2.01. There are a total of 21 one bedroom apartment listings currently available for rent in Mercer.

How much is a two bedroom apartment in Mercer, NJ?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $2.00. There are a total of 72 two bedroom apartment listings currently available for rent in Mercer.

How have rent prices in Mercer, NJ changed this year?

Rent prices for rentals in Mercer, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.11%, one bedroom rental prices have changed by 0.32%, two bedroom rental prices have changed by -0.26%, and three bedroom rental prices have changed by 0.28% year-over-year.

What is a reasonable rent price in Mercer, NJ?

A reasonable rent price in Mercer, NJ is around $2,320/month. You can search for these reasonably priced rental listings on RentHop.