Average Rent in 08648, Mercer County, NJ

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Current Versus Historical 08648, Mercer County, NJ Rents

08648 rentals average $3,145 for a studio rental to $4,000 for a 4-bedroom rental. The median price of all currently available listings is $3,505, or roughly $38 per square feet.

For the apartment units and housing in October 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $745 (31.04%) year-over-year from $2,400 to $3,145. 1-bedroom rentals prices have increased by $867 (48.19%) year-over-year from $1,798 to $2,665. 2-bedroom rentals prices have increased by $1,271 (55.15%) year-over-year from $2,304 to $3,575. 3-bedroom rentals prices have increased by $1,360 (43.87%) year-over-year from $3,100 to $4,460. 4-bedroom rentals prices have increased by $117 (2.93%) year-over-year from $3,983 to $4,100. 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 up by 6.46% this month. 1-bedroom rents have gone up by 28.43% this month. 2-bedroom rents have gone up by 30.40% this month. 3-bedroom rents have gone up by 13.29% this month. 4-bedroom rents have gone up by 110.98% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$33.88	$3,145	$2,400 (31.04%)	$5,963 (-47.26%)
1 BR	$44.73	$2,665	$1,798 (48.19%)	$1,708 (56.00%)
2 BR	$37.58	$3,575	$2,304 (55.15%)	$2,242 (59.48%)
3 BR	$36.32	$4,460	$3,100 (43.87%)	$3,063 (45.63%)
4+ BR	$21.02	$4,100	$3,983 (2.93%)	$3,867 (6.03%)

Historical Rents in 08648, Mercer County, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 08648

There are a total of 25 cities nearby 08648. The average rent in 08648 is currently $2,800 per month. A total of 20 cities nearby have an average rent lower than that. Our records show that Chester, PA, with an average rent of $1,429, is the most affordable city nearby. In contrast, the most expensive city near 08648, Mercer County, NJ is Spring Lake, NJ. Monthly rents here are on average $11,000 per month.

Let's compare 08648, Mercer County, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 08648, Mercer County, NJ is 57.77% more expensive than other cities nearby. One bedrooms are about 28.71% more expensive. Two bedrooms in 08648, Mercer County, NJ are about 30.01% more expensive. Finally, rent for three bedrooms are about 34.47% more expensive. Want more information? Check out the top 10 cities out of 25 total cities near 08648, Mercer County, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,328	$1,700	$1,800	$1,825
Camden, NJ	$2,200	$1,846	$2,100	$1,938
Trenton, NJ	$1,300	$1,450	$1,850	$2,000
Keansburg, NJ	N/A	$2,000	$2,400	$2,600
Belmar, NJ	$1,600	$2,400	$3,000	$2,800
New Brunswick, NJ	$1,100	$2,918	$2,495	$2,846
Toms River, NJ	N/A	$1,899	$2,500	$3,000
Red Bank, NJ	$1,800	$2,700	$3,100	$3,450
Oakhurst, NJ	N/A	N/A	$3,500	$3,500
Princeton, NJ	$2,100	$2,200	$4,350	$3,525

Top Neighborhoods Near 08648

There are a total of 92 neighborhoods in or near 08648. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Northern Liberties - Fishtown. We've included the top 30 neighborhoods out of 92 total neighborhoods in or near 08648, Mercer County, NJ in the following table.

The average rent for these 30 neighborhoods in or near 08648, Mercer County, NJ is currently around $3,839 per month. A total of 41 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than 08648's average rent, which is only $3,505. Out of all the neighborhoods in or near 08648, Frankford has the most affordable average rent at $1,200 per month. Whereas, at $8,448 average rent per month, Bowery is the most expensive neighborhood in or near 08648. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia West, Philadelphia, PA	$950	$1,248	$1,495	$1,745
North Philadelphia East, Philadelphia, PA	$1,300	$1,888	$1,669	$1,795
Northern Liberties - Fishtown, Philadelphia, PA	$1,375	$1,750	$2,365	$2,000
Avenue of the Arts South, Philadelphia, PA	$1,350	$2,039	$3,022	$2,101
Center City East, Philadelphia, PA	$1,365	$2,125	$2,895	$2,128
Fairmount - Art Museum, Philadelphia, PA	$1,481	$1,890	$2,495	$2,158
Center City West, Philadelphia, PA	$1,472	$2,255	$3,405	$2,285
Bedford-Stuyvesant, New York, NY	$3,250	$3,400	$4,050	$3,600
Crown Heights, New York, NY	$3,152	$3,490	$4,699	$3,770
Bushwick, New York, NY	$3,200	$3,275	$3,895	$3,899
Long Island City, New York, NY	$3,694	$4,464	$6,570	$4,590
Downtown Brooklyn, New York, NY	$3,625	$4,459	$6,250	$4,592
Prospect Heights, New York, NY	$3,593	$4,495	$5,936	$4,600
Greenpoint, New York, NY	$3,705	$4,602	$7,250	$4,630
Williamsburg, New York, NY	$4,021	$4,935	$5,575	$4,917
Murray Hill, New York, NY	$3,775	$5,300	$7,600	$4,956
Hell's Kitchen, New York, NY	$3,800	$4,700	$6,000	$5,000
Financial District, New York, NY	$4,220	$5,345	$6,897	$5,010
Midtown, New York, NY	$4,044	$4,885	$7,550	$5,075
Hudson Yards, New York, NY	$4,200	$5,400	$8,148	$5,250
Upper East Side, New York, NY	$3,500	$4,875	$7,700	$5,250
Lower East Side, New York, NY	$4,508	$4,495	$7,470	$5,312
Midtown East, New York, NY	$3,995	$5,050	$7,895	$5,350
Kips Bay, New York, NY	$4,025	$5,065	$6,178	$5,481
West Village, New York, NY	$5,200	$5,495	$6,950	$5,500
Upper West Side, New York, NY	$3,480	$5,100	$7,995	$5,549
Chelsea, New York, NY	$4,520	$6,097	$9,402	$5,900
East Village, New York, NY	$4,000	$4,750	$5,995	$5,950
Greenwich Village, New York, NY	$4,750	$7,150	$10,762	$6,300
Gramercy Park, New York, NY	$4,600	$6,400	$10,900	$6,995

Top Counties Near 08648

There are a total of 22 counties located by 08648, Mercer County, NJ. Some of these counties include Philadelphia, PA, Burlington, NJ, and Lower Merion, PA. The average rent for rentals in these counties is $2,584. That's roughly around $27 per sqft. A total of 19 counties have a lower average rent. The county that is the most affordable is Chester, PA. Its average rent per month is $1,429. Vice versa, with an average rent of $5,400, Manhattan, New York, NY is the most expensive county by 08648, Mercer County, NJ.

Typically, rent for studios in 08648, Mercer County, NJ is 46.74% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 08648, Mercer County, NJ is 26.92% more expensive than other counties nearby. Finally, rent for two bedrooms in 08648, Mercer County, NJ is 28.47% 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	$1,328	$1,700	$1,800	$1,825
Burlington, NJ	$1,400	$1,688	$2,200	$2,500
Lower Merion, PA	$1,450	$1,810	$2,500	$2,549
Hunterdon, NJ	$2,245	$2,432	$2,907	$2,557
Mercer, NJ	$2,443	$2,650	$2,700	$2,730
Middlesex, NJ	$2,800	$2,000	$2,600	$2,800
Somerset, NJ	$2,340	$2,150	$2,725	$2,900
Union, NJ	$2,165	$2,850	$2,800	$2,927
Ocean, NJ	$1,800	$1,800	$2,375	$2,950
Monmouth, NJ	$2,300	$2,300	$2,950	$3,200

Top Zipcodes Near 08648

There are a total of 49 zipcodes in or near 08648, Mercer County, NJ. The average rent for all of these zipcodes is $4,750. A total of 13 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19144, Philadelphia, PA at $1,398 per month. In comparison, the zipcode with the most expensive average rent of $7,495 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,609. That's at least $90 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 08648, Mercer County, NJ is $4,496 per month. Or in other words, $86 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,386 per month. Which comes out to $86 per sqft. The following table includes the top 10 zipcodes in 08648, 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	$5,300	$7,298	$5,390
10019, New York, NY	$3,830	$4,846	$6,550	$5,025
10003, New York, NY	$4,600	$6,450	$6,995	$6,400
10009, New York, NY	$3,418	$5,550	$5,795	$5,795
10038, New York, NY	$4,293	$5,240	$6,855	$5,185
11201, New York, NY	$3,683	$4,500	$6,429	$4,750
19103, Philadelphia, PA	$1,721	$2,403	$3,662	$2,553
11101, New York, NY	$3,694	$4,495	$6,575	$4,668
10036, New York, NY	$3,900	$4,795	$6,495	$5,250
10005, New York, NY	$4,241	$5,500	$7,245	$4,842

Frequently Asked Questions - 08648 Average Rents

What is the average rent price in 08648, Mercer County, NJ?

The average monthly rental price for 08648, Mercer County, NJ apartments for rent is approximately $3,505. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 08648, 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 08648, Mercer County, NJ.

How much is a studio apartment in 08648, Mercer County, NJ?

The average monthly rental price for studio apartments is $3,145 and an average price per square feet of $33.88. There are a total of 1 studio apartment listings currently available for rent in 08648.

How much is a one bedroom apartment in 08648, Mercer County, NJ?

The average monthly rental price for one bedroom apartments is $2,665 and an average price per square feet of $44.73. There are a total of 64 one bedroom apartment listings currently available for rent in 08648.

How much is a two bedroom apartment in 08648, Mercer County, NJ?

The average monthly rental price for two bedroom apartments is $3,565 and an average price per square feet of $37.58. There are a total of 105 two bedroom apartment listings currently available for rent in 08648.

How have rent prices in 08648, Mercer County, NJ changed this year?

Rent prices for rentals in 08648, Mercer County, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.31%, one bedroom rental prices have changed by 0.48%, two bedroom rental prices have changed by 0.55%, three bedroom rental prices have changed by 0.44% year-over-year.

What is a reasonable rent price in 08648, Mercer County, NJ?

A reasonable rent price in 08648, Mercer County, NJ is around $2,804/month. You can search for these reasonably priced rental listings on RentHop.