Average Rent in 08540, Mercer County, NJ

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Current Versus Historical 08540, Mercer County, NJ Rents

08540 rentals average $1,900 for a studio rental to $5,850 for a 4-bedroom rental. The median price of all currently available listings is $3,800, or roughly $27 per square feet.

For the apartment units and housing in June 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $642 (-25.25%) year-over-year from $2,542 to $1,900. 1-bedroom rentals prices have decreased by $258 (-9.37%) year-over-year from $2,758 to $2,500. 2-bedroom rentals prices have increased by $25 (0.82%) year-over-year from $3,050 to $3,075. 3-bedroom rentals prices have decreased by $200 (-4.76%) year-over-year from $4,200 to $4,000. 4-bedroom rentals prices have increased by $433 (8.00%) year-over-year from $5,417 to $5,850. 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 41.84% this month. 1-bedroom rents have gone up by 14.94% this month. 2-bedroom rents have gone up by 0.27% this month. 3-bedroom rents have gone down by 1.60% this month. 4-bedroom rents have gone down by 11.25% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$78.43	$1,900	$2,542 (-25.25%)	$1,700 (11.76%)
1 BR	$17.63	$2,500	$2,758 (-9.37%)	$2,083 (20.00%)
2 BR	$27.56	$3,075	$3,050 (0.82%)	$2,950 (4.24%)
3 BR	$25.95	$4,000	$4,200 (-4.76%)	$3,632 (10.14%)
4+ BR	$29.20	$5,850	$5,417 (8.00%)	$4,974 (17.61%)

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 $3,225 per month. A total of 16 cities nearby have an average rent lower than that. Our records show that Easton, PA, with an average rent of $1,700, 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 $10,500 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 28.58% more expensive than other cities nearby. One bedrooms are about 13.00% more expensive. Two bedrooms in 08540, Mercer County, NJ are about 9.27% more expensive. Finally, rent for three bedrooms are about 11.88% 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	$1,037	$1,300	$1,850	$2,100
Newark, NJ	$2,319	$1,663	$2,200	$2,300
Bayonne, NJ	$2,399	$2,739	$3,475	$2,795
Ocean Grove, NJ	N/A	$1,775	$2,500	$3,000
Toms River, NJ	N/A	$3,000	$2,600	$3,250
Belmar, NJ	$4,000	$2,800	$2,900	$3,500
Oakhurst, NJ	N/A	$3,000	$2,400	$3,650
Long Branch, NJ	$1,925	$2,538	$3,700	$3,700
Asbury Park, NJ	$2,488	$3,300	$4,000	$3,750
Spring Lake, NJ	N/A	$2,650	$4,000	$10,500

Top Neighborhoods Near 08540

There are a total of 97 neighborhoods in or near 08540. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Northern Liberties - Fishtown. We've included the top 30 neighborhoods out of 97 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 $3,750 per month. A total of 51 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than 08540's average rent, which is actually $3,800. Out of all the neighborhoods in or near 08540, Frankford has the most affordable average rent at $1,100 per month. Whereas, at $8,295 average rent per month, Little Italy 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	$1,295	$1,298	$1,500	$1,650
North Philadelphia East, Philadelphia, PA	$1,410	$1,599	$1,780	$1,800
Northern Liberties - Fishtown, Philadelphia, PA	$1,375	$1,750	$2,400	$1,950
Fairmount - Art Museum, Philadelphia, PA	$1,571	$2,017	$2,654	$2,095
Bedford-Stuyvesant, New York, NY	$3,225	$3,250	$3,800	$3,650
West Harlem, New York, NY	$2,695	$3,200	$3,900	$3,750
Crown Heights, New York, NY	$3,175	$3,600	$4,333	$3,750
Bushwick, New York, NY	$3,138	$3,250	$3,850	$3,875
Harlem, New York, NY	$2,800	$3,295	$3,900	$3,994
East Harlem, New York, NY	$3,250	$3,600	$3,895	$4,150
Prospect Heights, New York, NY	$3,640	$4,376	$6,295	$4,311
Long Island City, New York, NY	$3,641	$4,520	$6,500	$4,550
Downtown Brooklyn, New York, NY	$3,645	$4,426	$6,323	$4,605
Murray Hill, New York, NY	$3,875	$4,795	$7,746	$4,650
Upper East Side, New York, NY	$3,300	$4,300	$6,195	$4,700
Hell's Kitchen, New York, NY	$3,650	$4,500	$6,450	$4,855
Greenpoint, New York, NY	$3,645	$4,503	$6,895	$4,985
Financial District, New York, NY	$4,100	$5,295	$7,198	$5,165
Upper West Side, New York, NY	$3,500	$4,825	$7,280	$5,200
Williamsburg, New York, NY	$4,155	$4,700	$6,000	$5,234
Midtown, New York, NY	$4,000	$5,000	$7,385	$5,400
Kips Bay, New York, NY	$3,988	$4,576	$6,241	$5,407
Midtown East, New York, NY	$3,900	$5,340	$7,305	$5,550
Hudson Yards, New York, NY	$4,225	$5,595	$8,049	$5,625
Greenwich Village, New York, NY	$4,600	$6,230	$8,365	$5,681
West Village, New York, NY	$4,495	$5,795	$7,495	$5,850
East Village, New York, NY	$3,900	$4,295	$6,450	$5,900
Chelsea, New York, NY	$4,475	$6,001	$9,500	$6,000
Lower East Side, New York, NY	$4,150	$4,787	$5,995	$6,500
Gramercy Park, New York, NY	$4,095	$5,650	$5,650	$6,893

Top Counties Near 08540

There are a total of 20 counties located by 08540, Mercer County, NJ. Some of these counties include Philadelphia, PA, Essex, NJ, and Burlington, NJ. The average rent for rentals in these counties is $2,761. That's roughly around $27 per sqft. A total of 18 counties have a lower average rent. The county that is the most affordable is Upper Darby, PA. Its average rent per month is $1,500. Vice versa, with an average rent of $5,450, Manhattan, New York, NY is the most expensive county by 08540, Mercer County, NJ.

Typically, rent for studios in 08540, Mercer County, NJ is 17.11% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 08540, Mercer County, NJ is 20.10% more expensive than other counties nearby. Finally, rent for two bedrooms in 08540, Mercer County, NJ is 20.97% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,414	$1,735	$1,900	$1,800
Essex, NJ	$1,867	$2,000	$2,400	$2,400
Burlington, NJ	$1,325	$1,620	$2,200	$2,500
Mercer, NJ	$1,200	$1,800	$2,400	$2,588
Union, NJ	$1,575	$1,995	$2,300	$2,625
Middlesex, NJ	$1,550	$1,900	$2,500	$2,750
Somerset, NJ	N/A	$2,250	$2,600	$3,000
Staten Island, New York, NY	$2,470	$3,000	$3,387	$3,254
Monmouth, NJ	$2,200	$2,380	$3,000	$3,600
Ocean, NJ	$4,000	$1,975	$2,400	$3,600

Top Zipcodes Near 08540

There are a total of 49 zipcodes in or near 08540, Mercer County, NJ. The average rent for all of these zipcodes is $4,800. A total of 12 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 $1,600 per month. In comparison, the zipcode with the most expensive average rent of $8,395 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,568. That's at least $89 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 $4,500 per month. Or in other words, $84 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,451 per month. Which comes out to $81 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	$3,925	$4,800	$6,800	$5,200
10019, New York, NY	$3,826	$4,693	$7,090	$5,000
10003, New York, NY	$4,275	$5,538	$6,495	$5,900
10009, New York, NY	$3,163	$4,495	$6,295	$6,120
10038, New York, NY	$3,975	$5,315	$7,195	$5,345
10025, New York, NY	$3,400	$4,350	$6,200	$4,696
11201, New York, NY	$3,660	$4,500	$6,495	$4,800
10036, New York, NY	$3,895	$5,100	$7,300	$5,425
11101, New York, NY	$3,674	$4,552	$6,451	$4,585
10005, New York, NY	$4,125	$5,093	$7,600	$4,875

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 $3,800. 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 $1,900 and an average price per square feet of $78.43. There are a total of 2 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 $2,500 and an average price per square feet of $17.63. 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 $3,100 and an average price per square feet of $27.56. There are a total of 47 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 -0.25%, one bedroom rental prices have changed by -0.09%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by -0.05% 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 $3,040/month. You can search for these reasonably priced rental listings on RentHop.