Average Rent in Monmouth, NJ

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Current Versus Historical Monmouth, NJ Rents

Monmouth rentals average $1,750 for a studio rental to $6,250 for a 4-bedroom rental. The median price of all currently available listings is $3,850, or roughly $2 per square feet.

For the apartment units and housing in February 2025, median rents have risen substantially over the last year. Studio rentals prices have increased by $63 (3.82%) year-over-year from $1,638 to $1,700. 1-bedroom rentals prices have increased by $225 (10.84%) year-over-year from $2,075 to $2,300. 2-bedroom rentals prices have increased by $270 (10.07%) year-over-year from $2,680 to $2,950. 3-bedroom rentals prices have increased by $1,000 (28.57%) year-over-year from $3,500 to $4,500. 4-bedroom rentals prices have increased by $2,583 (52.54%) year-over-year from $4,917 to $7,500. 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 2.51% this month. 1-bedroom rents have gone up by 7.81% this month. 2-bedroom rents have gone up by 4.73% this month. 3-bedroom rents have gone up by 15.63% this month. 4-bedroom rents have gone up by 41.51% this month.

Beds	Price / Sqft	Feb 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,700	$1,638 (3.82%)	$1,883 (-9.73%)
1 BR	$2.78	$2,300	$2,075 (10.84%)	$1,863 (23.49%)
2 BR	$1.88	$2,950	$2,680 (10.07%)	$2,458 (20.00%)
3 BR	$2.03	$4,500	$3,500 (28.57%)	$3,233 (39.18%)
4+ BR	$1.83	$7,500	$4,917 (52.54%)	$5,142 (45.87%)

Historical Rents in Monmouth, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Monmouth

There are a total of 11 cities nearby Monmouth. The average rent in Monmouth is currently $4,200 per month. A total of 4 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 Monmouth, NJ is Spring Lake, NJ. Monthly rents here are on average $9,000 per month.

Let's compare Monmouth, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 4.17% more affordable. Two bedrooms in Monmouth, NJ are about 20.00% more affordable. Finally, rent for three bedrooms are about 7.14% more affordable. Want more information? Check out the top 10 cities out of 11 total cities near Monmouth, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Asbury Park, NJ	$2,200	$2,450	$3,850	$3,325
Ocean Grove, NJ	N/A	$3,050	$2,625	$3,500
Long Beach, NY	$2,000	$2,500	$3,600	$3,700
Long Branch, NJ	N/A	$3,050	$3,500	$4,100
Oakhurst, NJ	N/A	N/A	N/A	$4,200
New York, NY	$3,500	$4,264	$5,495	$4,267
Manasquan, NJ	N/A	N/A	$3,650	$5,000
Point Pleasant Beach, NJ	N/A	$1,650	$2,325	$5,500
Belmar, NJ	N/A	$4,000	$16,500	$6,400
Spring Lake, NJ	N/A	$4,700	$4,575	$9,000

Top Neighborhoods Near Monmouth

There are a total of 65 neighborhoods in or near Monmouth. Some of these neighborhoods include North Philadelphia East, Center City East, and Flatbush. We've included the top 30 neighborhoods out of 65 total neighborhoods in or near Monmouth, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Monmouth, NJ is currently around $4,001 per month. A total of 32 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Monmouth's average rent, which is only $3,850. Out of all the neighborhoods in or near Monmouth, Germantown has the most affordable average rent at $1,498 per month. Whereas, at $7,995 average rent per month, Tribeca is the most expensive neighborhood in or near Monmouth. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia East, Philadelphia, PA	$1,250	$1,495	$1,700	$1,685
Center City East, Philadelphia, PA	$1,220	$2,018	$2,623	$2,090
Flatbush, New York, NY	$2,618	$2,785	$3,050	$2,958
East Harlem, New York, NY	$3,200	$2,873	$3,173	$3,200
Bedford-Stuyvesant, New York, NY	$2,467	$2,895	$3,200	$3,200
Harlem, New York, NY	$2,673	$2,848	$3,195	$3,275
Bushwick, New York, NY	$2,795	$3,172	$3,300	$3,300
Crown Heights, New York, NY	$2,851	$3,100	$3,562	$3,395
West Harlem, New York, NY	$2,575	$2,750	$3,450	$3,600
Long Island City, New York, NY	$3,300	$3,900	$5,800	$4,001
Murray Hill, New York, NY	$3,475	$4,377	$6,563	$4,050
Upper East Side, New York, NY	$3,395	$4,150	$5,450	$4,078
Little Italy, New York, NY	$3,500	$4,000	$5,395	$4,200
Hell's Kitchen, New York, NY	$3,500	$4,024	$6,032	$4,240
Prospect Heights, New York, NY	$3,635	$4,390	$5,795	$4,300
Downtown Brooklyn, New York, NY	$3,381	$4,267	$5,616	$4,324
Kips Bay, New York, NY	$3,850	$3,995	$5,475	$4,420
Financial District, New York, NY	$3,500	$4,651	$6,385	$4,441
Upper West Side, New York, NY	$3,329	$4,500	$6,750	$4,561
East Village, New York, NY	$3,150	$3,795	$5,101	$4,650
Hudson Yards, New York, NY	$3,615	$4,652	$6,973	$4,681
Williamsburg, New York, NY	$3,827	$4,723	$5,900	$5,000
Midtown East, New York, NY	$3,495	$4,600	$6,300	$5,150
Midtown, New York, NY	$3,675	$4,500	$6,950	$5,217
Chelsea, New York, NY	$4,205	$5,482	$8,009	$5,295
Lower East Side, New York, NY	$3,749	$3,995	$5,495	$5,299
West Village, New York, NY	$4,495	$5,400	$6,650	$5,300
Greenwich Village, New York, NY	$4,200	$5,700	$5,500	$5,650
NoMad, New York, NY	$4,444	$5,768	$8,822	$5,683
Gramercy Park, New York, NY	$3,650	$5,568	$5,728	$5,700

Top Counties Near Monmouth

There are a total of 65 counties located by Monmouth, NJ. Some of these counties include Asbury Park, NJ, Neptune, NJ, and Toms River, NJ. The average rent for rentals in these counties is $3,750. That's roughly around $3 per sqft. A total of 12 counties have a lower average rent. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,800. Vice versa, with an average rent of $9,000, Spring Lake, NJ is the most expensive county by Monmouth, NJ.

Typically, rent for studios in Monmouth, NJ is 63.14% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Monmouth, NJ is 4.17% more affordable than other counties nearby. Finally, rent for two bedrooms in Monmouth, NJ is 13.54% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Asbury Park, NJ	$2,200	$2,450	$3,850	$3,325
Neptune, NJ	N/A	$3,050	$2,750	$3,500
Toms River, NJ	N/A	N/A	$2,750	$3,500
Ocean, NJ	N/A	$1,775	$2,400	$3,900
Long Branch, NJ	N/A	$3,050	$3,500	$4,100
Brick, NJ	N/A	$1,998	$2,300	$4,250
Manasquan, NJ	N/A	N/A	$3,650	$5,000
Point Pleasant Beach, NJ	N/A	$1,650	$2,325	$5,500
Belmar, NJ	N/A	$4,000	$16,500	$6,400
Spring Lake, NJ	N/A	$4,700	$4,575	$9,000

Top Zipcodes Near Monmouth

There are a total of 5 zipcodes in or near Monmouth, NJ. The average rent for all of these zipcodes is $2,995. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19144, Philadelphia, PA at $1,541 per month. In comparison, the zipcode with the most expensive average rent of $4,721 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $2,665. That's at least $5 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Monmouth, NJ is $2,750 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,500 per month. Which comes out to $4 per sqft. The following chart includes the top 5 zipcodes in Monmouth, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10128, New York, NY	$3,350	$4,170	$5,464	$4,000
10023, New York, NY	$3,412	$5,070	$8,215	$4,721
11375, New York, NY	$2,665	$2,600	$3,500	$2,995
10035, New York, NY	$2,531	$2,750	$3,000	$2,967
19144, Philadelphia, PA	$1,200	$1,513	$1,700	$1,541

Frequently Asked Questions - Monmouth Average Rents

What is the average rent price in Monmouth, NJ?

The average monthly rental price for Monmouth, NJ apartments for rent is approximately $3,850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Monmouth, 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 Monmouth, NJ.

How much is a studio apartment in Monmouth, NJ?

The average monthly rental price for studio apartments is $1,750 and an average price per square feet of $0. There are a total of 11 studio apartment listings currently available for rent in Monmouth.

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

The average monthly rental price for one bedroom apartments is $2,400 and an average price per square feet of $2.78. There are a total of 159 one bedroom apartment listings currently available for rent in Monmouth.

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

The average monthly rental price for two bedroom apartments is $3,000 and an average price per square feet of $1.88. There are a total of 296 two bedroom apartment listings currently available for rent in Monmouth.

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

Rent prices for rentals in Monmouth, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.04%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.29% year-over-year.

What is a reasonable rent price in Monmouth, NJ?

A reasonable rent price in Monmouth, NJ is around $3,080/month. You can search for these reasonably priced rental listings on RentHop.