Average Rent in 08540, Mercer County, NJ

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Current Versus Historical 08540, Mercer County, NJ Rents

08540 rentals average $2,100 for a studio rental to $5,463 for a 4-bedroom rental. The median price of all currently available listings is $3,500, or roughly $27 per square feet.

For the apartment units and housing in October 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $217 (-9.35%) year-over-year from $2,317 to $2,100. 1-bedroom rentals prices have decreased by $450 (-17.31%) year-over-year from $2,600 to $2,150. 2-bedroom rentals prices have increased by $417 (15.82%) year-over-year from $2,633 to $3,050. 3-bedroom rentals prices have decreased by $333 (-7.97%) year-over-year from $4,183 to $3,850. 4-bedroom rentals prices have decreased by $1,317 (-20.52%) year-over-year from $6,417 to $5,100. 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 1.56% this month. 1-bedroom rents have gone down by 0.73% this month. 2-bedroom rents have gone down by 4.94% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 18.73% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$2,100	$2,317 (-9.35%)	$1,452 (44.62%)
1 BR	$43.00	$2,150	$2,600 (-17.31%)	$2,065 (4.12%)
2 BR	$27.96	$3,050	$2,633 (15.82%)	$2,650 (15.09%)
3 BR	$25.08	$3,850	$4,183 (-7.97%)	$3,600 (6.94%)
4+ BR	$27.46	$5,100	$6,417 (-20.52%)	$5,450 (-6.42%)

Historical Rents in 08540, Mercer County, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 08540

There are a total of 22 cities nearby 08540. The average rent in 08540 is currently $2,825 per month. A total of 19 cities nearby have an average rent lower than that. Our records show that Easton, PA, with an average rent of $1,650, is the most affordable city nearby. In contrast, the most expensive city near 08540, Mercer County, NJ is Spring Lake, NJ. Monthly rents here are on average $8,100 per month.

Let's compare 08540, Mercer County, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 08540, Mercer County, NJ is 25.00% more expensive than other cities nearby. One bedrooms are about 11.12% more expensive. Two bedrooms in 08540, Mercer County, NJ are about 16.43% more expensive. Finally, rent for three bedrooms are about 16.23% more expensive. Want more information? Check out the top 10 cities out of 22 total cities near 08540, Mercer County, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Trenton, NJ	$1,300	$1,475	$1,850	$2,000
Princeton Meadows, NJ	N/A	$1,850	$2,350	$2,200
Newark, NJ	$2,175	$1,750	$2,100	$2,350
Bayonne, NJ	N/A	$2,277	$2,985	$2,499
Ocean Grove, NJ	$1,738	$1,900	$2,500	$2,525
Belmar, NJ	$1,600	$2,300	$2,750	$2,750
Franklin Park, NJ	N/A	$1,825	$2,548	$2,900
Asbury Park, NJ	$2,600	$2,450	$3,700	$3,200
Long Branch, NJ	$2,360	$2,450	$3,200	$3,225
Oakhurst, NJ	N/A	N/A	$3,500	$3,500

Top Neighborhoods Near 08540

There are a total of 95 neighborhoods in or near 08540. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Fairmount - Art Museum. We've included the top 30 neighborhoods out of 95 total neighborhoods in or near 08540, Mercer County, NJ in the following table.

The average rent for these 30 neighborhoods in or near 08540, Mercer County, NJ is currently around $3,723 per month. A total of 44 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than 08540's average rent, which is only $3,500. Out of all the neighborhoods in or near 08540, Logan - Ogontz - Fern Rock has the most affordable average rent at $1,388 per month. Whereas, at $7,999 average rent per month, Tribeca is the most expensive neighborhood in or near 08540. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia West, Philadelphia, PA	$950	$1,200	$1,450	$1,650
North Philadelphia East, Philadelphia, PA	$1,300	$1,821	$1,650	$1,795
Fairmount - Art Museum, Philadelphia, PA	$1,531	$1,800	$2,448	$2,095
Bedford-Stuyvesant, New York, NY	$3,225	$3,380	$4,200	$3,600
Crown Heights, New York, NY	$2,968	$3,413	$4,722	$3,800
Bushwick, New York, NY	$3,124	$3,550	$3,895	$3,900
Harlem, New York, NY	$2,950	$3,238	$3,873	$3,941
East Harlem, New York, NY	$3,225	$3,700	$3,395	$3,995
West Harlem, New York, NY	$2,750	$3,200	$4,568	$4,000
Long Island City, New York, NY	$3,694	$4,495	$6,575	$4,564
Downtown Brooklyn, New York, NY	$3,592	$4,395	$6,471	$4,580
Prospect Heights, New York, NY	$3,625	$4,410	$5,700	$4,600
Greenpoint, New York, NY	$3,690	$4,595	$7,000	$4,600
Fort Greene, New York, NY	$3,621	$4,600	$6,895	$4,638
Hell's Kitchen, New York, NY	$3,775	$4,750	$6,075	$4,995
Murray Hill, New York, NY	$3,875	$5,395	$7,500	$5,000
Midtown, New York, NY	$4,000	$4,875	$7,550	$5,000
Williamsburg, New York, NY	$4,059	$5,000	$5,827	$5,200
Midtown East, New York, NY	$3,900	$5,050	$7,900	$5,250
Financial District, New York, NY	$4,195	$5,461	$7,500	$5,250
Kips Bay, New York, NY	$3,880	$4,775	$5,860	$5,495
Upper East Side, New York, NY	$3,450	$4,950	$8,200	$5,495
Hudson Yards, New York, NY	$4,370	$5,485	$7,995	$5,500
Upper West Side, New York, NY	$3,450	$5,095	$7,900	$5,600
West Village, New York, NY	$5,100	$5,500	$6,950	$5,675
East Village, New York, NY	$3,495	$4,395	$5,995	$5,995
Lower East Side, New York, NY	$4,578	$4,496	$7,695	$5,998
Chelsea, New York, NY	$4,400	$6,250	$10,095	$6,095
Greenwich Village, New York, NY	$4,800	$6,500	$12,995	$6,450
Gramercy Park, New York, NY	$4,600	$6,600	$8,948	$6,798

Top Counties Near 08540

There are a total of 20 counties located by 08540, Mercer County, NJ. Some of these counties include Essex, NJ, Hunterdon, NJ, and Burlington, NJ. The average rent for rentals in these counties is $2,700. That's roughly around $27 per sqft. A total of 17 counties have a lower average rent. The county that is the most affordable is Easton, PA. Its average rent per month is $1,650. Vice versa, with an average rent of $5,495, Manhattan, New York, NY is the most expensive county by 08540, Mercer County, NJ.

Typically, rent for studios in 08540, Mercer County, NJ is 19.64% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 08540, Mercer County, NJ is 7.56% more expensive than other counties nearby. Finally, rent for two bedrooms in 08540, Mercer County, NJ is 18.03% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Essex, NJ	$1,725	$2,000	$2,500	$2,500
Hunterdon, NJ	N/A	$1,975	$2,600	$2,600
Burlington, NJ	$1,400	$1,600	$2,200	$2,600
Mercer, NJ	$1,750	$1,800	$2,400	$2,700
Union, NJ	$1,650	$2,000	$2,500	$2,700
Middlesex, NJ	$1,850	$1,900	$2,500	$2,800
Somerset, NJ	$2,400	$2,100	$2,700	$2,850
Ocean, NJ	$1,563	$1,800	$2,400	$2,995
Monmouth, NJ	$2,100	$2,300	$2,925	$3,200
Morris, NJ	$1,600	$2,000	$2,863	$3,325

Top Zipcodes Near 08540

There are a total of 50 zipcodes in or near 08540, Mercer County, NJ. The average rent for all of these zipcodes is $4,920. A total of 11 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19104, Philadelphia, PA at $1,675 per month. In comparison, the zipcode with the most expensive average rent of $8,478 per month is 10069, New York, NY.

Studios in these zipcodes have an average rent of $3,606. That's at least $94 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 08540, Mercer County, NJ is $4,599 per month. Or in other words, $89 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,680 per month. Which comes out to $83 per sqft. The following table includes the top 10 zipcodes in 08540, Mercer County, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,950	$5,275	$6,734	$5,480
10019, New York, NY	$3,830	$4,850	$6,870	$5,037
10003, New York, NY	$4,500	$6,050	$6,995	$6,200
10009, New York, NY	$3,175	$4,877	$5,795	$5,750
10038, New York, NY	$4,200	$5,350	$7,875	$5,330
11201, New York, NY	$3,650	$4,430	$6,495	$4,777
10025, New York, NY	$3,295	$4,600	$5,500	$5,050
10036, New York, NY	$3,800	$5,133	$7,024	$5,395
11101, New York, NY	$3,694	$4,527	$6,502	$4,613
10005, New York, NY	$4,254	$5,518	$7,737	$5,000

Frequently Asked Questions - 08540 Average Rents

What is the average rent price in 08540, Mercer County, NJ?

The average monthly rental price for 08540, Mercer County, NJ apartments for rent is approximately $3,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 08540, Mercer County, 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 08540, Mercer County, NJ.

How much is a studio apartment in 08540, Mercer County, NJ?

The average monthly rental price for studio apartments is $2,100. There are a total of 1 studio apartment listings currently available for rent in 08540.

How much is a one bedroom apartment in 08540, Mercer County, NJ?

The average monthly rental price for one bedroom apartments is $2,150 and an average price per square feet of $43.00. There are a total of 16 one bedroom apartment listings currently available for rent in 08540.

How much is a two bedroom apartment in 08540, Mercer County, NJ?

The average monthly rental price for two bedroom apartments is $3,050 and an average price per square feet of $27.96. There are a total of 57 two bedroom apartment listings currently available for rent in 08540.

How have rent prices in 08540, Mercer County, NJ changed this year?

Rent prices for rentals in 08540, Mercer County, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.09%, one bedroom rental prices have changed by -0.17%, two bedroom rental prices have changed by 0.16%, three bedroom rental prices have changed by -0.08% year-over-year.

What is a reasonable rent price in 08540, Mercer County, NJ?

A reasonable rent price in 08540, Mercer County, NJ is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.