Average Rent in 08401, Atlantic City, NJ

Current Versus Historical 08401, Atlantic City, NJ Rents

08401 rentals average $8,500 for a studio rental to $11,250 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $3 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $5,667 (200.00%) year-over-year from $2,833 to $8,500. 1-bedroom rentals prices have decreased by $1,158 (-37.87%) year-over-year from $3,058 to $1,900. 2-bedroom rentals prices have decreased by $1,692 (-50.62%) year-over-year from $3,342 to $1,650. 3-bedroom rentals prices have increased by $7,838 (362.43%) year-over-year from $2,163 to $10,000. 4-bedroom rentals prices have decreased by $13,750 (-55.00%) year-over-year from $25,000 to $11,250. 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 up by 107.32% this month. 1-bedroom rents have gone up by 19.37% this month. 2-bedroom rents have gone down by 11.61% this month. 3-bedroom rents have gone up by 100.67% this month. 4-bedroom rents have gone down by 28.57% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.08	$8,500	$2,833 (200.00%)	$958 (786.96%)
1 BR	$20.62	$1,900	$3,058 (-37.87%)	$1,117 (70.15%)
2 BR	$1.78	$1,650	$3,342 (-50.62%)	$3,108 (-46.90%)
3 BR	$3.30	$10,000	$2,163 (362.43%)	$1,608 (521.76%)
4+ BR	$9.00	$11,250	$25,000 (-55.00%)	$18,158 (-38.04%)

Historical Rents in 08401, Atlantic City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 08401

There are a total of 4 cities nearby 08401. The average rent in 08401 is currently $8,250 per month. Only one city nearby has an average rent lower than that. Our records show that Atlantic City, NJ, with an average rent of $2,500, is the most affordable city nearby. In contrast, the most expensive city near 08401, Atlantic City, NJ is Margate City, NJ. Monthly rents here are on average $18,000 per month.

Let's compare 08401, Atlantic City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 08401, Atlantic City, NJ is 25.00% more affordable than other cities nearby. One bedrooms are about 186.11% more affordable. Two bedrooms in 08401, Atlantic City, NJ are about 225.96% more affordable. Finally, rent for three bedrooms are about 167.86% more affordable. Want more information? Check out the top 4 cities near 08401, Atlantic City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Atlantic City, NJ	$8,500	$1,800	$1,695	$2,500
Brigantine, NJ	N/A	$1,275	$2,300	$3,500
Ventnor City, NJ	$12,750	$9,000	$8,750	$13,000
Margate City, NJ	$13,250	$8,500	$16,000	$18,000

Top Neighborhoods Near 08401

There are a total of 1 neighborhoods in or near 08401. We've included all of these top 1 neighborhoods in or near 08401, Atlantic City, NJ in the following chart.

The average rent for these 1 neighborhoods in or near 08401, Atlantic City, NJ is currently around $13,500 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than 08401's average rent, which is only $2,500. Out of all the neighborhoods in or near 08401, Lower Chelsea has the most affordable average rent at $13,500 per month. Whereas, at $13,500 average rent per month, Lower Chelsea is the most expensive neighborhood in or near 08401. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Lower Chelsea, Atlantic City, NJ	$15,000	$7,100	$10,000	$13,500

Top Counties Near 08401

There are a total of 1 counties located by 08401, Atlantic City, NJ.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 08401

There are a total of 3 zipcodes in or near 08401, Atlantic City, NJ. The average rent for all of these zipcodes is $13,000.

The following chart includes the top 3 zipcodes in 08401, Atlantic City, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
08402, Margate City, NJ	$13,250	$8,500	$16,000	$18,000
08406, Ventnor City, NJ	$12,750	$9,000	$8,750	$13,000
08203, Brigantine, NJ	N/A	$1,275	$2,300	$3,500

Frequently Asked Questions - 08401 Average Rents

What is the average rent price in 08401, Atlantic City, NJ?

The average monthly rental price for 08401, Atlantic City, NJ apartments for rent is approximately $2,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 08401, Atlantic City, 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 08401, Atlantic City, NJ.

How much is a studio apartment in 08401, Atlantic City, NJ?

The average monthly rental price for studio apartments is $8,500 and an average price per square feet of $2.08. There are a total of 12 studio apartment listings currently available for rent in 08401.

How much is a one bedroom apartment in 08401, Atlantic City, NJ?

The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $20.62. There are a total of 27 one bedroom apartment listings currently available for rent in 08401.

How much is a two bedroom apartment in 08401, Atlantic City, NJ?

The average monthly rental price for two bedroom apartments is $1,695 and an average price per square feet of $1.78. There are a total of 26 two bedroom apartment listings currently available for rent in 08401.

How have rent prices in 08401, Atlantic City, NJ changed this year?

Rent prices for rentals in 08401, Atlantic City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 2.00%, one bedroom rental prices have changed by -0.38%, two bedroom rental prices have changed by -0.51%, and three bedroom rental prices have changed by 3.62% year-over-year.

What is a reasonable rent price in 08401, Atlantic City, NJ?

A reasonable rent price in 08401, Atlantic City, NJ is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.