Average Rent in New Jersey

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Current Versus Historical New Jersey Rents

New Jersey rentals average $1,663 for a studio rental to $4,800 for a 4-bedroom rental. The median price of all currently available listings is $3,047, or roughly $2 per square feet.
For the apartment units and housing in January 2025, median rents have risen over the last year. Studio rentals prices have decreased by $75 (-4.11%) year-over-year from $1,825 to $1,750. 1-bedroom rentals prices have increased by $166 (9.03%) year-over-year from $1,834 to $2,000. 2-bedroom rentals prices have decreased by $92 (-3.54%) year-over-year from $2,592 to $2,500. 3-bedroom rentals prices have increased by $328 (11.45%) year-over-year from $2,867 to $3,195. 4-bedroom rentals prices have increased by $375 (9.68%) year-over-year from $3,875 to $4,250. 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 1.59% this month. 1-bedroom rents have gone up by 1.71% this month. 2-bedroom rents have gone down by 1.32% this month. 3-bedroom rents have gone up by 4.25% this month. 4-bedroom rents have gone up by 5.37% this month.
Beds
Price / Sqft
Jan 2025 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $0.59 $1,750 $1,825 (-4.11%) $1,780 (-1.69%)
1 BR $2.98 $2,000 $1,834 (9.03%) $1,615 (23.84%)
2 BR $2.19 $2,500 $2,592 (-3.54%) $2,482 (0.74%)
3 BR $1.92 $3,195 $2,867 (11.45%) $2,161 (47.83%)
4+ BR $1.95 $4,250 $3,875 (9.68%) $2,858 (48.69%)

Historical Rents in New Jersey

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near New Jersey

There are a total of 31 cities nearby New Jersey. The average rent in New Jersey is currently $2,995 per month. A total of 17 cities nearby have an average rent lower than that. Our records show that Scranton, PA, with an average rent of $1,350, 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 31.37% more expensive than other cities nearby. One bedrooms are about 9.49% more affordable. Two bedrooms in New Jersey are about 13.21% more affordable. Finally, rent for three bedrooms are about 2.94% more affordable. Want more information? Check out the top 10 cities out of 31 total cities near New Jersey in the following chart.
City Studio 1 Bed 2 Bed All
Bethlehem, PA N/A $1,350 $1,980 $1,838
Philadelphia, PA $1,250 $1,745 $1,825 $1,845
Asbury Park, NJ $1,888 $2,250 $2,800 $2,975
Ocean Grove, NJ $1,495 $3,000 $2,750 $3,500
Long Beach, NY $1,963 $2,700 $3,500 $3,600
Long Branch, NJ N/A $3,000 $3,600 $3,999
Belmar, NJ N/A $2,875 $15,000 $4,125
New York, NY $3,438 $4,217 $5,300 $4,263
Manasquan, NJ N/A $2,500 $3,750 $5,500
Spring Lake, NJ N/A $2,700 $4,875 $8,500

Top Neighborhoods Near New Jersey

There are a total of 72 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 72 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 $4,038 per month. A total of 19 neighborhoods have a lower average rent. Meaning, only eleven neighborhoods have a higher average rent than $4,038. Interestingly, the neighborhoods' average rent is higher than New Jersey's average rent, which is only $3,047. Out of all the neighborhoods in or near New Jersey, North Philadelphia East has the most affordable average rent at $1,600 per month. Whereas, at $9,850 average rent per month, SoHo 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 $1,100 $1,335 $1,700 $1,600
Center City East, Philadelphia, PA $1,115 $1,800 $2,898 $2,030
Flatbush, New York, NY $2,634 $2,750 $3,200 $3,000
Bedford-Stuyvesant, New York, NY $2,500 $2,995 $3,050 $3,150
East Harlem, New York, NY $3,620 $2,822 $3,173 $3,295
Crown Heights, New York, NY $2,900 $2,995 $3,850 $3,350
Harlem, New York, NY $2,758 $2,822 $3,262 $3,400
Bushwick, New York, NY $2,795 $3,200 $3,450 $3,447
West Harlem, New York, NY $2,400 $2,800 $3,475 $3,495
Long Island City, New York, NY $3,295 $3,793 $5,621 $4,000
Murray Hill, New York, NY $3,400 $4,400 $6,538 $4,075
Upper East Side, New York, NY $3,391 $4,200 $5,954 $4,149
Financial District, New York, NY $3,525 $4,585 $6,400 $4,155
Downtown Brooklyn, New York, NY $3,413 $4,260 $5,716 $4,307
Hell's Kitchen, New York, NY $3,498 $4,043 $5,908 $4,350
Prospect Heights, New York, NY $3,585 $4,400 $5,275 $4,350
Kips Bay, New York, NY $3,535 $3,895 $5,340 $4,488
East Village, New York, NY $2,800 $3,695 $4,495 $4,495
Upper West Side, New York, NY $3,000 $4,481 $6,945 $4,497
Lower East Side, New York, NY $3,413 $4,950 $4,595 $4,679
Hudson Yards, New York, NY $3,500 $4,545 $6,795 $4,800
Williamsburg, New York, NY $3,722 $4,625 $5,369 $4,865
Midtown East, New York, NY $3,495 $4,505 $6,075 $4,950
Little Italy, New York, NY $3,250 $4,250 $5,495 $5,000
Midtown, New York, NY $3,675 $4,436 $7,440 $5,000
Chelsea, New York, NY $3,878 $5,395 $7,867 $5,054
West Village, New York, NY $4,642 $5,495 $6,595 $5,365
Gramercy Park, New York, NY $3,750 $5,515 $5,595 $5,515
Greenwich Village, New York, NY $4,000 $5,700 $6,850 $5,700
NoMad, New York, NY $4,444 $5,662 $8,746 $5,768

Top Counties Near New Jersey

There are a total of 72 counties located by New Jersey. Some of these counties include Philadelphia, PA, Lower Merion, PA, and Asbury Park, NJ. The average rent for rentals in these counties is $3,344. That's roughly around $3 per sqft. A total of 19 counties have a lower average rent. The county that is the most affordable is Scranton, PA. It's average rent per month is $1,350. Vice versa, with an average rent of $37,500, Southampton, NY is the most expensive county by New Jersey.

Typically, rent for studios in New Jersey is 13.68% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New Jersey is 16.79% more affordable than other counties nearby. Finally, rent for two bedrooms in New Jersey is 15.77% 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
Asbury Park, NJ $1,888 $2,250 $2,800 $2,975
Neptune, NJ $1,495 $3,000 $2,884 $3,400
Toms River, NJ N/A N/A $2,650 $3,500
Ocean, NJ N/A $1,775 $1,800 $3,550
Brick, NJ N/A $1,823 $2,298 $4,000
Belmar, NJ N/A $2,875 $15,000 $4,125
Manasquan, NJ N/A $2,500 $3,750 $5,500
Spring Lake, NJ N/A $2,700 $4,875 $8,500

Top Zipcodes Near New Jersey

There are a total of 8 zipcodes in or near New Jersey. The average rent for all of these zipcodes is $3,173. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 06010, Bristol, CT at $1,900 per month. In comparison, the zipcode with the most expensive average rent of $4,902 per month is 10280, New York, NY.

Studios in these zipcodes have an average rent of $2,660. 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 $3,036 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,471 per month. Which comes out to $3 per sqft. The following chart includes the top 8 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 $5,460 $3,995
10023, New York, NY $2,900 $4,950 $7,863 $4,775
19104, Philadelphia, PA $1,195 $2,223 $1,800 $1,950
11375, New York, NY $2,720 $3,250 $3,648 $3,300
10035, New York, NY $2,299 $2,822 $3,048 $2,995
10280, New York, NY $3,600 $4,459 $6,462 $4,902
10463, New York, NY $2,600 $2,680 $3,295 $3,045
06010, Bristol, CT N/A $1,900 $1,900 $1,900

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 $3,047. 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 $1,663 and an average price per square feet of $0.59. There are a total of 30 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 $2,055 and an average price per square feet of $2.98. There are a total of 525 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 $2,650 and an average price per square feet of $2.19. There are a total of 1,184 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 -0.04%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by -0.04%, and three bedroom rental prices have changed by 0.11% year-over-year.
What is a reasonable rent price in New Jersey?
A reasonable rent price in New Jersey is around $2,438/month. You can search for these reasonably priced rental listings on RentHop.
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