Average Rent in Mercer, NJ

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Current Versus Historical Mercer, NJ Rents

Mercer rentals average $2,000 for a 1-bedroom rental to $4,700 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $2 per square feet.

For the apartment units and housing in January 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $517 (45.59%) year-over-year from $1,133 to $1,650. 1-bedroom rentals prices have increased by $403 (27.04%) year-over-year from $1,492 to $1,895. 2-bedroom rentals prices have decreased by $956 (-28.28%) year-over-year from $3,381 to $2,425. 3-bedroom rentals prices have increased by $417 (14.45%) year-over-year from $2,883 to $3,300. 4-bedroom rentals prices have increased by $314 (9.14%) year-over-year from $3,436 to $3,750. 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 36.55% this month. 1-bedroom rents have gone up by 6.36% this month. 2-bedroom rents have gone down by 11.35% this month. 3-bedroom rents have gone down by 2.70% this month. 4-bedroom rents have gone down by 1.96% this month.

Beds	Price / Sqft	Jan 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.35	$1,895	$1,492 (27.04%)	$1,367 (38.66%)
2 BR	$2.03	$2,425	$3,381 (-28.28%)	$3,381 (-28.28%)
3 BR	$2.30	$3,300	$2,883 (14.45%)	$2,350 (40.43%)
4+ BR	$1.99	$3,750	$3,436 (9.14%)	$3,004 (24.83%)

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 $3,800 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,845, 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 15.00% more affordable. Two bedrooms in Mercer, NJ are about 31.09% more affordable. Finally, rent for three bedrooms are about 4.11% 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	$1,745	$1,825	$1,845
Bethlehem, PA	N/A	$1,350	$1,980	$1,850
Asbury Park, NJ	$1,888	$2,300	$3,015	$3,075
Oakhurst, NJ	N/A	N/A	N/A	$3,800
Belmar, NJ	N/A	$2,875	$15,000	$4,300
Manasquan, NJ	N/A	$2,875	$3,750	$5,500
Spring Lake, NJ	N/A	$2,700	$4,875	$8,500

Top Neighborhoods Near Mercer

There are a total of 14 neighborhoods in or near Mercer. Some of these neighborhoods include North Philadelphia East, Avenue of the Arts South, and Kensington. We've included all of these top 14 neighborhoods in or near Mercer, NJ in the following chart.

The average rent for these 14 neighborhoods in or near Mercer, NJ is currently around $2,075 per month. A total of 13 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, North Philadelphia East has the most affordable average rent at $1,600 per month. Whereas, at $6,241 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
North Philadelphia East, Philadelphia, PA	$1,100	$1,335	$1,700	$1,600
Avenue of the Arts South, Philadelphia, PA	$1,125	$1,665	$2,373	$1,723
Kensington, Philadelphia, PA	$1,092	$1,725	$1,818	$1,725
North Philadelphia West, Philadelphia, PA	$1,000	$1,300	$1,500	$1,800
Point Breeze, Philadelphia, PA	$992	$1,114	$1,670	$1,900
Center City East, Philadelphia, PA	$1,115	$1,800	$2,898	$2,030
Bella Vista - Southwark, Philadelphia, PA	$1,798	$1,495	$1,850	$2,050
Fairmount - Art Museum, Philadelphia, PA	$1,500	$1,575	$2,100	$2,100
Center City West, Philadelphia, PA	$1,474	$2,158	$3,280	$2,165
Northern Liberties - Fishtown, Philadelphia, PA	$1,512	$1,675	$2,375	$2,200
Rittenhouse Square, Philadelphia, PA	$1,438	$1,979	$2,835	$2,235
Washington Square West, Philadelphia, PA	$1,785	$2,435	$4,059	$2,420
Logan Square, Philadelphia, PA	$1,898	$2,265	$3,780	$2,470
Battery Park City, New York, NY	$5,100	$5,003	$8,325	$6,241

Top Counties Near Mercer

There are a total of 14 counties located by Mercer, NJ. Some of these counties include Philadelphia, PA, Lower Merion, PA, and Woodbridge, NJ. The average rent for rentals in these counties is $3,350. That's roughly around $2 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is Bethlehem, PA. It's average rent per month is $1,838. 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 5.91% more affordable than other counties nearby. Finally, rent for two bedrooms in Mercer, NJ is 11.96% more affordable 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	$1,745	$1,825	$1,845
Lower Merion, PA	$1,295	$2,237	$2,400	$2,363
Woodbridge, NJ	N/A	$1,950	$2,500	$2,775
Edison, NJ	N/A	$2,000	$2,500	$2,950
Howell, NJ	N/A	$2,550	$3,400	$3,300
Neptune, NJ	$1,500	$3,050	$2,884	$3,400
Toms River, NJ	N/A	N/A	$2,650	$3,500
Ocean, NJ	N/A	$1,775	$1,800	$3,600
Brick, NJ	N/A	$1,823	$2,298	$4,000
Belmar, NJ	N/A	$2,875	$15,000	$4,300

Top Zipcodes Near Mercer

There are a total of 2 zipcodes in or near Mercer, NJ. The average rent for all of these zipcodes is $3,508.

The following chart includes the top 2 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	$1,195	$2,223	$1,800	$1,950
10280, New York, NY	$3,600	$4,459	$6,462	$5,065

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 $3,000. 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 $0 and an average price per square feet of $0.00. There are a total of 0 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 $2.35. There are a total of 10 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 $2,300 and an average price per square feet of $2.03. There are a total of 29 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 0.46%, one bedroom rental prices have changed by 0.27%, two bedroom rental prices have changed by -0.28%, and three bedroom rental prices have changed by 0.14% year-over-year.

What is a reasonable rent price in Mercer, NJ?

A reasonable rent price in Mercer, NJ is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.