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 $5,000 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 March 2025, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $14 (0.79%) year-over-year from $1,786 to $1,800. 1-bedroom rentals prices have increased by $68 (3.63%) year-over-year from $1,882 to $1,950. 2-bedroom rentals prices have increased by $33 (1.27%) year-over-year from $2,617 to $2,650. 3-bedroom rentals prices have increased by $150 (5.08%) year-over-year from $2,950 to $3,100. 4-bedroom rentals prices have increased by $368 (8.89%) year-over-year from $4,133 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 0.98% this month. 1-bedroom rents have gone down by 1.43% this month. 2-bedroom rents have gone up by 1.27% this month. 3-bedroom rents have gone up by 2.20% this month. 4-bedroom rents have gone up by 7.14% this month.

Beds	Price / Sqft	Mar 2025 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.80	$1,800	$1,786 (0.79%)	$1,728 (4.20%)
1 BR	$2.85	$1,950	$1,882 (3.63%)	$1,691 (15.29%)
2 BR	$2.13	$2,650	$2,617 (1.27%)	$2,959 (-10.45%)
3 BR	$1.85	$3,100	$2,950 (5.08%)	$2,328 (33.14%)
4+ BR	$1.80	$4,500	$4,133 (8.89%)	$3,375 (33.33%)

Historical Rents in New Jersey

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near New Jersey

There are a total of 36 cities nearby New Jersey. The average rent in New Jersey is currently $3,311 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 $1,350, 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 $25,000 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 37.57% more expensive than other cities nearby. One bedrooms are about 9.31% more affordable. Two bedrooms in New Jersey are about 19.23% more affordable. Finally, rent for three bedrooms are about 17.54% more affordable. Want more information? Check out the top 10 cities out of 36 total cities near New Jersey in the following chart.

City	Studio	1 Bed	2 Bed	All
Wilmington, DE	N/A	$1,450	$1,850	$1,675
Philadelphia, PA	$1,295	$1,695	$1,895	$1,800
Ocean Grove, NJ	N/A	$2,300	$2,525	$3,500
Long Branch, NJ	N/A	$2,825	$3,300	$4,000
New York, NY	$3,531	$4,300	$5,395	$4,300
Asbury Park, NJ	$2,500	$2,175	$4,000	$4,500
Point Pleasant Beach, NJ	N/A	$1,588	$2,300	$5,000
Manasquan, NJ	N/A	$2,500	$2,900	$5,000
Belmar, NJ	N/A	$3,000	$14,000	$6,400
Spring Lake, NJ	N/A	$7,000	$4,550	$9,500

Top Neighborhoods Near New Jersey

There are a total of 77 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 77 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 $3,295 per month. A total of 31 neighborhoods have a lower average rent. 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, Germantown has the most affordable average rent at $1,425 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	$1,200	$1,475	$1,800	$1,663
Center City East, Philadelphia, PA	$1,345	$1,918	$2,675	$2,125
Flatbush, New York, NY	$2,575	$2,902	$3,261	$3,100
Bedford-Stuyvesant, New York, NY	$2,700	$2,750	$3,300	$3,150
East Harlem, New York, NY	$2,775	$2,995	$3,250	$3,295
Harlem, New York, NY	$2,723	$2,975	$3,295	$3,300
Bushwick, New York, NY	$2,795	$3,153	$3,200	$3,366
Crown Heights, New York, NY	$2,800	$2,900	$3,747	$3,473
West Harlem, New York, NY	$2,375	$2,861	$3,650	$3,800
Upper East Side, New York, NY	$3,351	$4,200	$4,723	$3,915
Murray Hill, New York, NY	$3,500	$4,300	$6,000	$4,036
Prospect Heights, New York, NY	$3,625	$4,111	$5,571	$4,125
Long Island City, New York, NY	$3,359	$3,970	$5,830	$4,185
Little Italy, New York, NY	$3,600	$4,500	$5,750	$4,225
Financial District, New York, NY	$3,675	$4,640	$6,545	$4,275
Downtown Brooklyn, New York, NY	$3,535	$4,275	$5,818	$4,364
Kips Bay, New York, NY	$3,850	$3,995	$5,483	$4,450
Hell's Kitchen, New York, NY	$3,500	$4,250	$6,000	$4,500
Upper West Side, New York, NY	$3,205	$4,603	$6,990	$4,599
Midtown East, New York, NY	$3,495	$4,600	$5,989	$4,600
Hudson Yards, New York, NY	$3,653	$4,875	$6,998	$4,720
Midtown, New York, NY	$3,652	$4,300	$6,794	$4,950
Chelsea, New York, NY	$4,060	$5,499	$8,073	$5,075
East Village, New York, NY	$2,750	$3,995	$5,495	$5,100
Williamsburg, New York, NY	$3,658	$4,875	$5,250	$5,123
Lower East Side, New York, NY	$3,975	$4,900	$5,295	$5,299
West Village, New York, NY	$4,195	$5,300	$6,765	$5,300
Greenwich Village, New York, NY	$4,200	$5,600	$5,500	$5,400
NoMad, New York, NY	$4,464	$5,724	$8,401	$5,787
Gramercy Park, New York, NY	$3,915	$4,961	$6,188	$6,095

Top Counties Near New Jersey

There are a total of 77 counties located by New Jersey. Some of these counties include Philadelphia, PA, Toms River, NJ, and Neptune, NJ. The average rent for rentals in these counties is $3,260. 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 $37,000, Southampton, NY is the most expensive county by New Jersey.

Typically, rent for studios in New Jersey is 3.24% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New Jersey is 19.75% more affordable than other counties nearby. Finally, rent for two bedrooms in New Jersey is 17.31% 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	$1,295	$1,695	$1,895	$1,800
Toms River, NJ	N/A	$2,650	$2,800	$3,500
Neptune, NJ	N/A	$2,300	$2,750	$3,500
Ocean, NJ	N/A	N/A	$4,900	$4,250
Asbury Park, NJ	$2,500	$2,175	$4,000	$4,500
Brick, NJ	N/A	$1,998	$2,500	$4,678
Point Pleasant Beach, NJ	N/A	$1,588	$2,300	$5,000
Manasquan, NJ	N/A	$2,500	$2,900	$5,000
Belmar, NJ	N/A	$3,000	$14,000	$6,400
Spring Lake, NJ	N/A	$7,000	$4,550	$9,500

Top Zipcodes Near New Jersey

There are a total of 14 zipcodes in or near New Jersey. The average rent for all of these zipcodes is $2,348. A total of 10 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 $1,413 per month. In comparison, the zipcode with the most expensive average rent of $4,800 per month is 10023, New York, NY.

Studios in these zipcodes have an average rent of $1,553. 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 New Jersey is $2,180 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,847 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	$3,473	$4,200	$4,825	$3,850
10023, New York, NY	$3,304	$4,995	$8,400	$4,800
19104, Philadelphia, PA	$1,240	$1,950	$1,800	$1,840
11375, New York, NY	$2,483	$3,000	$3,715	$3,325
10035, New York, NY	$2,489	$2,725	$3,400	$2,995
19128, Philadelphia, PA	$1,395	$1,513	$1,675	$1,650
19144, Philadelphia, PA	$1,225	$1,288	$1,575	$1,444
22314, Alexandria, VA	$2,073	$2,369	$3,293	$2,737
19145, Philadelphia, PA	$1,100	$1,275	$1,698	$1,700
20008, Washington, DC	$1,712	$2,272	$3,471	$2,300

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 $1.80. There are a total of 41 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 $2.85. There are a total of 647 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 $2,600 and an average price per square feet of $2.13. There are a total of 1,434 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 0.01%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.05% 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.