Average Rent in New Jersey

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Current Versus Historical New Jersey Rents

New Jersey rentals average $1,700 for a studio rental to $4,800 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 February 2025, median rents have risen over the last year. Studio rentals prices have decreased by $53 (-2.83%) year-over-year from $1,853 to $1,800. 1-bedroom rentals prices have increased by $135 (7.24%) year-over-year from $1,865 to $2,000. 2-bedroom rentals prices have increased by $8 (0.32%) year-over-year from $2,592 to $2,600. 3-bedroom rentals prices have increased by $183 (6.29%) year-over-year from $2,917 to $3,100. 4-bedroom rentals prices have increased by $433 (10.66%) year-over-year from $4,067 to $4,500. 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 1.36% this month. 1-bedroom rents have gone up by 0.05% this month. 2-bedroom rents have gone up by 2.63% this month. 3-bedroom rents have gone up by 2.20% this month. 4-bedroom rents have gone up by 8.00% this month.
Beds
Price / Sqft
Feb 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.96 $1,800 $1,853 (-2.83%) $1,690 (6.51%)
1 BR $2.38 $2,000 $1,865 (7.24%) $1,640 (21.95%)
2 BR $2.00 $2,600 $2,592 (0.32%) $2,655 (-2.08%)
3 BR $1.89 $3,100 $2,917 (6.29%) $2,262 (37.07%)
4+ BR $1.89 $4,500 $4,067 (10.66%) $3,133 (43.62%)

Historical Rents in New Jersey

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New Jersey

There are a total of 35 cities nearby New Jersey. The average rent in New Jersey is currently $3,250 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Scranton, PA, with an average rent of $1,363, is the most affordable city nearby. In contrast, the most expensive city near New Jersey is Westhampton Beach, NY. Monthly rents here are on average $35,000 per month.

Let's compare New Jersey's rent against other top cities nearby by bedroom size. Typically, rent for studios in New Jersey is 30.88% more expensive than other cities nearby. One bedrooms are about 14.88% more affordable. Two bedrooms in New Jersey are about 20.00% more affordable. Finally, rent for three bedrooms are about 15.38% more affordable. Want more information? Check out the top 10 cities out of 35 total cities near New Jersey in the following chart.
City Studio 1 Bed 2 Bed All
Wilmington, DE $1,250 $1,500 $1,975 $1,620
Philadelphia, PA $1,288 $1,700 $1,850 $1,800
Asbury Park, NJ $2,200 $2,450 $3,850 $3,250
Ocean Grove, NJ N/A $3,050 $2,625 $3,500
Long Branch, NJ N/A $3,050 $3,500 $4,000
New York, NY $3,500 $4,275 $5,495 $4,263
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 New Jersey

There are a total of 70 neighborhoods in or near New Jersey. Some of these neighborhoods include North Philadelphia East, Center City East, and Flatbush. We've included the top 30 neighborhoods out of 70 total neighborhoods in or near New Jersey in the following chart.

The average rent for these 30 neighborhoods in or near New Jersey is currently around $3,518 per month. A total of 21 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,518. Interestingly, the neighborhoods' average rent is higher than New Jersey's average rent, which is only $3,000. Out of all the neighborhoods in or near New Jersey, Cobbs Creek has the most affordable average rent at $1,400 per month. Whereas, at $8,500 average rent per month, Ocean Beach is the most expensive neighborhood in or near New Jersey. 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 $1,675
Center City East, Philadelphia, PA $1,220 $2,055 $2,555 $2,105
Flatbush, New York, NY $2,618 $2,785 $3,050 $2,958
East Harlem, New York, NY $3,200 $2,836 $3,150 $3,195
Bedford-Stuyvesant, New York, NY $2,467 $2,895 $3,200 $3,200
Harlem, New York, NY $2,650 $2,827 $3,195 $3,250
Bushwick, New York, NY $2,795 $3,155 $3,300 $3,300
Crown Heights, New York, NY $2,860 $3,036 $3,550 $3,395
West Harlem, New York, NY $2,538 $2,750 $3,250 $3,538
Long Island City, New York, NY $3,300 $3,922 $5,816 $4,041
Upper East Side, New York, NY $3,393 $4,168 $5,464 $4,070
Murray Hill, New York, NY $3,475 $4,395 $6,500 $4,084
Little Italy, New York, NY $3,500 $4,000 $5,395 $4,200
Hell's Kitchen, New York, NY $3,500 $4,051 $6,000 $4,240
Prospect Heights, New York, NY $3,635 $4,375 $5,795 $4,300
Downtown Brooklyn, New York, NY $3,376 $4,272 $5,616 $4,324
Financial District, New York, NY $3,495 $4,651 $6,385 $4,400
Kips Bay, New York, NY $3,850 $3,995 $5,495 $4,425
Upper West Side, New York, NY $3,274 $4,500 $6,809 $4,550
East Village, New York, NY $3,038 $3,795 $5,170 $4,650
Hudson Yards, New York, NY $3,600 $4,700 $6,995 $4,681
Williamsburg, New York, NY $3,827 $4,695 $5,950 $5,000
Midtown East, New York, NY $3,495 $4,600 $6,300 $5,088
Midtown, New York, NY $3,675 $4,500 $6,895 $5,256
Chelsea, New York, NY $4,200 $5,482 $8,046 $5,295
Lower East Side, New York, NY $3,722 $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 $8,800 $5,683
Gramercy Park, New York, NY $3,650 $5,585 $5,895 $5,785

Top Counties Near New Jersey

There are a total of 70 counties located by New Jersey. Some of these counties include Philadelphia, PA, Asbury Park, NJ, and Toms River, NJ. The average rent for rentals in these counties is $3,280. That's roughly around $3 per sqft. A total of 18 counties have a lower average rent. The county that is the most affordable is Scranton, PA. It's average rent per month is $1,363. Vice versa, with an average rent of $38,000, Southampton, NY is the most expensive county by New Jersey.

Typically, rent for studios in New Jersey is 0.62% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New Jersey is 18.00% more affordable than other counties nearby. Finally, rent for two bedrooms in New Jersey is 19.25% 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 $1,288 $1,700 $1,850 $1,800
Asbury Park, NJ $2,200 $2,450 $3,850 $3,250
Toms River, NJ N/A N/A $2,750 $3,500
Neptune, NJ N/A $3,050 $2,750 $3,500
Ocean, NJ N/A $1,775 $2,400 $3,900
Brick, NJ N/A $1,998 $2,348 $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 New Jersey

There are a total of 11 zipcodes in or near New Jersey. The average rent for all of these zipcodes is $2,151. A total of 9 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 $1,550 per month. In comparison, the zipcode with the most expensive average rent of $4,648 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $1,801. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New Jersey is $2,240 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,000 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in New Jersey. 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 $4,200 $5,735 $4,000
10023, New York, NY $3,407 $5,000 $8,215 $4,648
19104, Philadelphia, PA $1,184 $2,240 $1,700 $1,717
11375, New York, NY $2,665 $2,600 $3,500 $2,984
10035, New York, NY $2,531 $2,753 $3,000 $2,967
19128, Philadelphia, PA $1,425 $1,550 $1,650 $1,675
19144, Philadelphia, PA $1,200 $1,513 $1,750 $1,550
22314, Alexandria, VA $2,020 $2,276 $3,292 $2,776
19145, Philadelphia, PA N/A $1,288 $1,673 $1,750
20008, Washington, DC $1,801 $2,028 $3,522 $2,092

Frequently Asked Questions - New Jersey Average Rents

What is the average rent price in New Jersey?
The average monthly rental price for New Jersey apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do New Jersey 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 New Jersey.
How much is a studio apartment in New Jersey?
The average monthly rental price for studio apartments is $1,700 and an average price per square feet of $2.96. There are a total of 50 studio apartment listings currently available for rent in New Jersey.
How much is a one bedroom apartment in New Jersey?
The average monthly rental price for one bedroom apartments is $2,000 and an average price per square feet of $2.38. There are a total of 589 one bedroom apartment listings currently available for rent in New Jersey.
How much is a two bedroom apartment in New Jersey?
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 1,373 two bedroom apartment listings currently available for rent in New Jersey.
How have rent prices in New Jersey changed this year?
Rent prices for rentals in New Jersey can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.06% year-over-year.
What is a reasonable rent price in New Jersey?
A reasonable rent price in New Jersey is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.
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