Average Rent in 08406, Ventnor City, NJ

Current Versus Historical 08406, Ventnor City, NJ Rents

08406 rentals average $12,500 for a studio rental to $18,500 for a 4-bedroom rental. The median price of all currently available listings is $13,400, or roughly $7 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $4,217 (54.18%) year-over-year from $7,783 to $12,000. 1-bedroom rentals prices have increased by $2,717 (46.97%) year-over-year from $5,783 to $8,500. 2-bedroom rentals prices have decreased by $2,000 (-15.38%) year-over-year from $13,000 to $11,000. 3-bedroom rentals prices have decreased by $3,833 (-22.77%) year-over-year from $16,833 to $13,000. 4-bedroom rentals prices have decreased by $3,667 (-15.49%) year-over-year from $23,667 to $20,000. 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 111.76% this month. 1-bedroom rents have gone up by 1.39% this month. 2-bedroom rents have gone up by 27.41% this month. 3-bedroom rents have gone up by 52.94% this month. 4-bedroom rents have gone down by 9.09% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$12,000	$7,783 (54.18%)	$4,742 (153.08%)
1 BR	$2.31	$8,500	$5,783 (46.97%)	$5,675 (49.78%)
2 BR	$8.90	$11,000	$13,000 (-15.38%)	$3,767 (192.04%)
3 BR	$11.31	$13,000	$16,833 (-22.77%)	$13,333 (-2.50%)
4+ BR	$5.30	$20,000	$23,667 (-15.49%)	$22,167 (-9.77%)

Historical Rents in 08406, Ventnor City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 08406

There are a total of 3 cities nearby 08406. The average rent in 08406 is currently $13,400 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Atlantic City, NJ, with an average rent of $2,425, is the most affordable city nearby. In contrast, the most expensive city near 08406, Ventnor City, NJ is Margate City, NJ. Monthly rents here are on average $18,000 per month.

Let's compare 08406, Ventnor City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 08406, Ventnor City, NJ is on par with the other cities nearby. One bedrooms are about 9.09% more expensive. Two bedrooms in 08406, Ventnor City, NJ are on par with the other cities nearby. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 3 cities near 08406, Ventnor City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Atlantic City, NJ	$8,500	$1,838	$1,695	$2,425
Ventnor City, NJ	$12,500	$9,350	$9,000	$13,400
Margate City, NJ	$13,250	$8,500	$18,000	$18,000

Top Neighborhoods Near 08406

There are a total of 1 neighborhoods in or near 08406. We've included all of these top 1 neighborhoods in or near 08406, Ventnor City, NJ in the following chart.

The average rent for these 1 neighborhoods in or near 08406, Ventnor 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 08406's average rent, which is only $13,400. Out of all the neighborhoods in or near 08406, 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 08406. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Lower Chelsea, Atlantic City, NJ	$13,500	$7,100	$14,000	$13,500

Top Counties Near 08406

There are a total of 1 counties located by 08406, Ventnor City, NJ.

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

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near 08406

There are a total of 2 zipcodes in or near 08406, Ventnor City, NJ. The average rent for all of these zipcodes is $10,213.

The following chart includes the top 2 zipcodes in 08406, Ventnor 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	$18,000	$18,000
08401, Atlantic City, NJ	$8,500	$1,838	$1,695	$2,425

Frequently Asked Questions - 08406 Average Rents

What is the average rent price in 08406, Ventnor City, NJ?

The average monthly rental price for 08406, Ventnor City, NJ apartments for rent is approximately $13,400. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 08406, Ventnor 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 08406, Ventnor City, NJ.

How much is a studio apartment in 08406, Ventnor City, NJ?

The average monthly rental price for studio apartments is $12,500 and an average price per square feet of $0. There are a total of 5 studio apartment listings currently available for rent in 08406.

How much is a one bedroom apartment in 08406, Ventnor City, NJ?

The average monthly rental price for one bedroom apartments is $9,350 and an average price per square feet of $2.31. There are a total of 17 one bedroom apartment listings currently available for rent in 08406.

How much is a two bedroom apartment in 08406, Ventnor City, NJ?

The average monthly rental price for two bedroom apartments is $9,000 and an average price per square feet of $8.90. There are a total of 38 two bedroom apartment listings currently available for rent in 08406.

How have rent prices in 08406, Ventnor City, NJ changed this year?

Rent prices for rentals in 08406, Ventnor City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.54%, one bedroom rental prices have changed by 0.47%, two bedroom rental prices have changed by -0.15%, and three bedroom rental prices have changed by -0.23% year-over-year.

What is a reasonable rent price in 08406, Ventnor City, NJ?

A reasonable rent price in 08406, Ventnor City, NJ is around $10,720/month. You can search for these reasonably priced rental listings on RentHop.