Average Rent in Mercer, NJ

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Current Versus Historical Mercer, NJ Rents

Mercer rentals average $1,650 for a studio rental to $4,550 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 December 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $233 (-20.59%) year-over-year from $1,133 to $900. 1-bedroom rentals prices have increased by $283 (18.99%) year-over-year from $1,492 to $1,775. 2-bedroom rentals prices have decreased by $981 (-29.02%) year-over-year from $3,381 to $2,400. 3-bedroom rentals prices have increased by $700 (25.00%) year-over-year from $2,800 to $3,500. 4-bedroom rentals prices have increased by $643 (19.88%) year-over-year from $3,233 to $3,875. 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 down by 6.09% this month. 1-bedroom rents have gone up by 3.20% this month. 2-bedroom rents have gone down by 21.41% this month. 3-bedroom rents have gone up by 2.94% this month. 4-bedroom rents have gone down by 7.19% this month.

Beds	Price / Sqft	Dec 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.55	$900	$1,133 (-20.59%)	$455 (97.80%)
1 BR	$0.89	$1,775	$1,492 (18.99%)	$1,150 (54.35%)
2 BR	$2.06	$2,400	$3,381 (-29.02%)	$3,381 (-29.02%)
3 BR	$2.03	$3,500	$2,800 (25.00%)	$2,025 (72.84%)
4+ BR	$2.13	$3,875	$3,233 (19.88%)	$3,538 (9.54%)

Historical Rents in Mercer, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Mercer

There are a total of 6 cities nearby Mercer. The average rent in Mercer is currently $3,363 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Bethlehem, 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 $10,000 per month.

Let's compare Mercer, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 7.89% more affordable. Two bedrooms in Mercer, NJ are about 34.38% more affordable. Finally, rent for three bedrooms are about 3.21% more expensive. Want more information? Check out the top 6 cities near Mercer, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Bethlehem, PA	N/A	$1,350	$1,875	$1,795
Philadelphia, PA	$1,250	$1,681	$1,800	$1,800
Asbury Park, NJ	$1,750	$2,200	$2,800	$2,750
Belmar, NJ	N/A	$2,800	$15,000	$3,975
Manasquan, NJ	N/A	$2,875	$3,650	$5,500
Spring Lake, NJ	N/A	$1,900	$5,750	$10,000

Top Neighborhoods Near Mercer

There are a total of 26 neighborhoods in or near Mercer. Some of these neighborhoods include Cobbs Creek, Germantown, and Roxborough. We've included all of these top 26 neighborhoods in or near Mercer, NJ in the following chart.

The average rent for these 26 neighborhoods in or near Mercer, NJ is currently around $1,921 per month. A total of 24 neighborhoods have a lower average rent. Meaning, only two neighborhoods have a higher average rent than $1,921. Out of all the neighborhoods in or near Mercer, Cobbs Creek has the most affordable average rent at $1,350 per month. Whereas, at $5,550 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	N/A	$1,193	$1,338	$1,350
Germantown, Philadelphia, PA	$1,023	$1,275	$1,644	$1,450
Roxborough, Philadelphia, PA	$1,425	$1,570	$1,675	$1,600
Port Richmond, Philadelphia, PA	$1,500	$1,245	$1,400	$1,600
South Philadelphia West, Philadelphia, PA	$1,125	$1,198	$1,500	$1,613
North Philadelphia East, Philadelphia, PA	$1,236	$1,400	$1,700	$1,632
North Philadelphia West, Philadelphia, PA	$1,100	$1,395	$1,500	$1,650
Kensington, Philadelphia, PA	$1,037	$1,495	$1,750	$1,734
East Germantown, Philadelphia, PA	$863	$1,850	$1,450	$1,800
Manayunk, Philadelphia, PA	$1,175	$1,500	$1,800	$1,838
Point Breeze, Philadelphia, PA	$1,080	$1,243	$1,700	$1,850
Spruce Hill, Philadelphia, PA	$1,050	$1,699	$2,000	$1,850
Queen Village - Pennsport, Philadelphia, PA	N/A	$1,497	$1,895	$1,895
Rittenhouse Square, Philadelphia, PA	$1,463	$1,901	$2,951	$1,947
Avenue of the Arts South, Philadelphia, PA	$1,100	$1,718	$2,912	$1,960
Avenue of the Arts North, Philadelphia, PA	N/A	$1,456	$1,388	$1,985
Bella Vista - Southwark, Philadelphia, PA	$1,798	$1,550	$1,900	$1,997
Graduate Hospital, Philadelphia, PA	$1,065	$1,450	$2,175	$1,998
Fairmount - Art Museum, Philadelphia, PA	$1,656	$1,600	$2,100	$2,000
Center City West, Philadelphia, PA	$1,386	$2,095	$3,151	$2,075
Center City East, Philadelphia, PA	$1,125	$1,910	$2,800	$2,095
Washington Square West, Philadelphia, PA	$1,650	$1,915	$3,123	$2,100
Northern Liberties - Fishtown, Philadelphia, PA	$1,400	$1,715	$2,450	$2,100
Logan Square, Philadelphia, PA	$1,796	$2,275	$3,800	$2,528
University City, Philadelphia, PA	$1,368	$3,500	$3,975	$3,295
Battery Park City, New York, NY	$3,902	$4,566	$8,098	$5,550

Top Counties Near Mercer

There are a total of 26 counties located by Mercer, NJ. Some of these counties include Philadelphia, PA, Lower Merion, PA, and Edison, NJ. The average rent for rentals in these counties is $3,322. 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 $1,788. Vice versa, with an average rent of $10,000, Spring Lake, NJ is the most expensive county by Mercer, NJ.

In comparison, rent for one bedroom listings in Mercer, NJ is 7.71% more affordable than other counties nearby. Finally, rent for two bedrooms in Mercer, NJ is 6.25% 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	$1,681	$1,800	$1,800
Lower Merion, PA	$1,350	$2,047	$2,380	$2,444
Edison, NJ	N/A	$2,125	$2,550	$2,750
Asbury Park, NJ	$1,750	$2,200	$2,800	$2,750
Howell, NJ	N/A	$2,550	$3,400	$3,300
Neptune, NJ	N/A	$2,825	$2,817	$3,322
Ocean, NJ	N/A	$1,925	$2,500	$3,325
Toms River, NJ	N/A	$1,650	$2,500	$3,500
Brick, NJ	N/A	$1,875	$2,200	$3,700
Belmar, NJ	N/A	$2,800	$15,000	$3,975

Top Zipcodes Near Mercer

There are a total of 5 zipcodes in or near Mercer, NJ. The average rent for all of these zipcodes is $1,675. 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 $1,796 per month is 19104, Philadelphia, PA.

Studios in these zipcodes have an average rent of $1,125. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Mercer, NJ is $1,550 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,604 per month. Which comes out to $2 per sqft. The following chart includes the top 5 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	$1,575	$1,781	$1,796
19144, Philadelphia, PA	$985	$1,637	$1,604	$1,675
19128, Philadelphia, PA	$1,363	$1,550	$1,698	$1,625
19145, Philadelphia, PA	$1,125	$1,198	$1,550	$1,700
19131, Philadelphia, PA	N/A	$1,135	$1,373	$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 $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 $1,650 and an average price per square feet of $4.55. There are a total of 2 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 $1,900 and an average price per square feet of $0.89. There are a total of 12 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 $2,400 and an average price per square feet of $2.06. There are a total of 85 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 -0.21%, one bedroom rental prices have changed by 0.19%, two bedroom rental prices have changed by -0.29%, and three bedroom rental prices have changed by 0.25% 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.