Average Rent in Mercer, NJ

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Current Versus Historical Mercer, NJ Rents

Mercer rentals average $1,075 for a studio rental to $4,200 for a 4-bedroom rental. The median price of all currently available listings is $2,875, 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 $325 (-23.21%) year-over-year from $1,400 to $1,075. 1-bedroom rentals prices have increased by $367 (24.31%) year-over-year from $1,508 to $1,875. 2-bedroom rentals prices have decreased by $34 (-1.01%) year-over-year from $3,381 to $3,347. 3-bedroom rentals prices have increased by $692 (24.20%) year-over-year from $2,858 to $3,550. 4-bedroom rentals prices have increased by $1,101 (35.52%) year-over-year from $3,099 to $4,200. 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 0.00% this month. 1-bedroom rents have gone up by 5.93% this month. 2-bedroom rents have gone down by 0.67% this month. 3-bedroom rents have gone up by 3.40% this month. 4-bedroom rents have gone down by 10.95% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.96	$1,075	$1,400 (-23.21%)	$459 (134.33%)
1 BR	$1.15	$1,875	$1,508 (24.31%)	$1,100 (70.45%)
2 BR	$2.02	$3,347	$3,381 (-1.01%)	$3,381 (-1.01%)
3 BR	$1.93	$3,550	$2,858 (24.20%)	$1,808 (96.31%)
4+ BR	$1.98	$4,200	$3,099 (35.52%)	$2,938 (42.98%)

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 $3,100 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 $1,800, 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 $9,000 per month.

Let's compare Mercer, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Mercer, NJ is 42.44% more expensive than other cities nearby. One bedrooms are about 2.63% more affordable. Two bedrooms in Mercer, NJ are about 2.34% more expensive. Finally, rent for three bedrooms are about 11.82% 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
Philadelphia, PA	$1,238	$1,691	$1,800	$1,800
Bethlehem, PA	$1,545	$1,475	$1,888	$1,800
Asbury Park, NJ	$1,650	$2,150	$2,800	$2,650
Belmar, NJ	N/A	$2,200	$2,850	$3,550
Manasquan, NJ	N/A	$2,500	$3,950	$5,000
Spring Lake, NJ	N/A	$1,950	N/A	$9,000

Top Neighborhoods Near Mercer

There are a total of 26 neighborhoods in or near Mercer. Some of these neighborhoods include Cobbs Creek, Kingsessing, and Germantown. 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 $1,850 per month. A total of 25 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 $1,351 per month. Whereas, at $6,000 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	$1,185	$1,300	$1,351
Kingsessing, Philadelphia, PA	N/A	$1,213	$1,450	$1,413
Germantown, Philadelphia, PA	$985	$1,225	$1,700	$1,450
Roxborough, Philadelphia, PA	N/A	$1,545	$1,632	$1,585
Port Richmond, Philadelphia, PA	$1,500	$1,290	$1,499	$1,600
North Philadelphia West, Philadelphia, PA	$850	$1,320	$1,475	$1,650
North Philadelphia East, Philadelphia, PA	$1,264	$1,372	$1,700	$1,675
South Philadelphia West, Philadelphia, PA	$1,125	$1,195	$1,550	$1,680
Spruce Hill, Philadelphia, PA	$1,195	$1,575	$2,000	$1,700
Kensington, Philadelphia, PA	$950	$1,545	$1,800	$1,750
East Germantown, Philadelphia, PA	$875	$1,825	$1,450	$1,785
Avenue of the Arts South, Philadelphia, PA	$1,100	$1,750	$2,915	$1,825
Queen Village - Pennsport, Philadelphia, PA	$988	$1,500	$1,895	$1,850
Point Breeze, Philadelphia, PA	$1,092	$1,281	$1,750	$1,850
Manayunk, Philadelphia, PA	$1,149	$1,495	$1,833	$1,875
Fairmount - Art Museum, Philadelphia, PA	$1,395	$1,525	$1,982	$1,917
Rittenhouse Square, Philadelphia, PA	$1,463	$1,922	$2,778	$1,932
Center City West, Philadelphia, PA	$1,382	$1,973	$3,000	$1,973
Avenue of the Arts North, Philadelphia, PA	N/A	$1,413	$1,600	$1,975
Bella Vista - Southwark, Philadelphia, PA	$1,395	$1,498	$1,895	$1,995
Washington Square West, Philadelphia, PA	$1,750	$1,898	$2,495	$2,078
Graduate Hospital, Philadelphia, PA	$1,246	$1,450	$2,150	$2,095
Center City East, Philadelphia, PA	$1,235	$1,895	$2,655	$2,098
Northern Liberties - Fishtown, Philadelphia, PA	$1,500	$1,750	$2,338	$2,150
Logan Square, Philadelphia, PA	$1,795	$2,275	$3,745	$2,395
Battery Park City, New York, NY	$3,877	$4,605	$8,595	$6,000

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 Asbury Park, NJ. The average rent for rentals in these counties is $3,163. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Bethlehem, PA. It's average rent per month is $1,795. Vice versa, with an average rent of $9,000, Spring Lake, NJ is the most expensive county by Mercer, NJ.

In comparison, rent for one bedroom listings in Mercer, NJ is 3.00% more expensive than other counties nearby. Finally, rent for two bedrooms in Mercer, NJ is 5.42% 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	$1,238	$1,691	$1,800	$1,800
Lower Merion, PA	$1,350	$1,850	$2,380	$2,380
Asbury Park, NJ	$1,650	$2,150	$2,800	$2,650
Edison, NJ	N/A	$2,095	$2,550	$2,825
Neptune, NJ	$1,725	$2,100	$2,559	$3,050
Toms River, NJ	N/A	N/A	$2,510	$3,275
Howell, NJ	N/A	$2,550	$3,400	$3,300
Ocean, NJ	N/A	$1,925	$2,850	$3,300
Brick, NJ	N/A	$1,800	$2,200	$3,450
Belmar, NJ	N/A	$2,200	$2,850	$3,550

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 $1,650. 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 $1,485 per month. In comparison, the zipcode with the most expensive average rent of $4,595 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $1,160. 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 $1,394 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,639 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	$1,195	$1,463	$1,735	$1,700
19144, Philadelphia, PA	$975	$1,325	$1,628	$1,531
19128, Philadelphia, PA	$1,325	$1,487	$1,650	$1,600
19145, Philadelphia, PA	$1,125	$1,195	$1,573	$1,700
10280, New York, NY	$3,747	$4,425	$6,465	$4,595
19131, Philadelphia, PA	N/A	$1,075	$1,395	$1,485

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 $2,875. 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 $1,075 and an average price per square feet of $1.96. 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 $1,998 and an average price per square feet of $1.15. There are a total of 18 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 $2.02. There are a total of 79 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 -0.23%, one bedroom rental prices have changed by 0.24%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.24% year-over-year.

What is a reasonable rent price in Mercer, NJ?

A reasonable rent price in Mercer, NJ is around $2,300/month. You can search for these reasonably priced rental listings on RentHop.