Average Rent in 08648, Mercer County, NJ

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Current Versus Historical 08648, Mercer County, NJ Rents

08648 rentals average $1,825 for a 1-bedroom rental to $4,000 for a 4-bedroom rental. The median price of all currently available listings is $2,400, or roughly $23 per square feet.

For the apartment units and housing in July 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $1,915 (-48.92%) year-over-year from $3,915 to $2,000. 1-bedroom rentals prices have increased by $450 (32.73%) year-over-year from $1,375 to $1,825. 2-bedroom rentals prices have increased by $50 (2.17%) year-over-year from $2,300 to $2,350. 3-bedroom rentals prices have decreased by $508 (-13.01%) year-over-year from $3,908 to $3,400. 4-bedroom rentals prices have decreased by $94 (-2.13%) year-over-year from $4,444 to $4,350. 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 0.00% this month. 1-bedroom rents have gone up by 7.41% this month. 2-bedroom rents have gone up by 1.44% this month. 3-bedroom rents have gone up by 4.08% this month. 4-bedroom rents have gone up by 2.76% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$27.38	$1,825	$1,375 (32.73%)	$1,515 (20.46%)
2 BR	$24.28	$2,350	$2,300 (2.17%)	$2,183 (7.63%)
3 BR	$23.04	$3,400	$3,908 (-13.01%)	$2,850 (19.30%)
4+ BR	$21.72	$4,350	$4,444 (-2.13%)	$3,742 (16.26%)

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 23 cities nearby 08648. The average rent in 08648 is currently $2,900 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Chester, PA, with an average rent of $1,350, 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. One bedrooms are about 1.37% more expensive. Two bedrooms in 08648, Mercer County, NJ are about 6.91% more affordable. Finally, rent for three bedrooms are about 2.27% more expensive. Want more information? Check out the top 10 cities out of 23 total cities near 08648, Mercer County, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,398	$1,718	$1,875	$1,800
Trenton, NJ	$975	$1,350	$1,800	$2,000
New Brunswick, NJ	N/A	$1,750	$2,450	$2,600
Oakhurst, NJ	N/A	N/A	$2,400	$3,000
Toms River, NJ	N/A	$2,025	$2,538	$3,200
Belmar, NJ	$1,000	$2,450	$2,575	$3,225
Asbury Park, NJ	$2,500	$3,225	$3,650	$3,500
Manasquan, NJ	N/A	$2,700	$3,100	$4,000
Point Pleasant Beach, NJ	N/A	$1,650	$2,000	$5,000
Spring Lake, NJ	$2,750	$2,550	$5,475	$11,000

Top Neighborhoods Near 08648

There are a total of 89 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 89 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 $3,798 per month. A total of 36 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than 08648's average rent, which is only $2,400. Out of all the neighborhoods in or near 08648, Frankford has the most affordable average rent at $1,000 per month. Whereas, at $8,175 average rent per month, Little Italy 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	$1,200	$1,275	$1,497	$1,597
North Philadelphia East, Philadelphia, PA	$1,300	$1,746	$1,675	$1,750
Northern Liberties - Fishtown, Philadelphia, PA	$1,425	$1,795	$2,383	$1,995
Fairmount - Art Museum, Philadelphia, PA	$1,522	$1,989	$2,300	$2,047
Avenue of the Arts South, Philadelphia, PA	$1,313	$2,042	$2,950	$2,064
Center City East, Philadelphia, PA	$1,413	$2,100	$2,898	$2,179
Center City West, Philadelphia, PA	$1,609	$2,245	$3,105	$2,235
Bedford-Stuyvesant, New York, NY	$3,250	$3,395	$3,925	$3,500
Crown Heights, New York, NY	$3,250	$3,493	$4,358	$3,697
Bushwick, New York, NY	$3,369	$3,500	$3,800	$3,850
Prospect Heights, New York, NY	$3,732	$4,405	$6,295	$4,414
Downtown Brooklyn, New York, NY	$3,650	$4,395	$6,495	$4,438
Long Island City, New York, NY	$3,662	$4,595	$6,500	$4,575
Greenpoint, New York, NY	$3,645	$4,503	$6,879	$4,707
Hell's Kitchen, New York, NY	$3,785	$4,500	$6,500	$4,775
Upper East Side, New York, NY	$3,195	$4,400	$7,100	$4,875
Murray Hill, New York, NY	$3,925	$5,049	$7,792	$4,998
Williamsburg, New York, NY	$4,100	$5,273	$5,050	$5,050
Financial District, New York, NY	$4,085	$5,349	$7,600	$5,175
Midtown East, New York, NY	$3,824	$5,000	$7,373	$5,285
Upper West Side, New York, NY	$3,600	$4,895	$7,000	$5,295
Midtown, New York, NY	$4,045	$5,000	$7,815	$5,339
Kips Bay, New York, NY	$4,029	$4,740	$6,330	$5,500
Hudson Yards, New York, NY	$4,350	$5,595	$8,495	$5,650
East Village, New York, NY	$4,150	$4,295	$6,296	$5,700
West Village, New York, NY	$4,650	$5,650	$7,200	$5,995
Greenwich Village, New York, NY	$4,700	$6,300	$8,255	$6,000
Chelsea, New York, NY	$4,350	$6,258	$9,500	$6,254
Lower East Side, New York, NY	$4,168	$4,495	$5,995	$6,295
Gramercy Park, New York, NY	$4,100	$5,600	$6,625	$6,500

Top Counties Near 08648

There are a total of 22 counties located by 08648, Mercer County, NJ. Some of these counties include Philadelphia, PA, Camden, NJ, and Burlington, NJ. The average rent for rentals in these counties is $2,520. That's roughly around $26 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Chester, PA. Its average rent per month is $1,350. Vice versa, with an average rent of $5,495, Manhattan, New York, NY is the most expensive county by 08648, Mercer County, NJ.

In comparison, rent for one bedroom listings in 08648, Mercer County, NJ is 2.60% more affordable than other counties nearby. Finally, rent for two bedrooms in 08648, Mercer County, NJ is 0.53% 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	$1,398	$1,718	$1,875	$1,800
Camden, NJ	$1,395	$1,500	$2,000	$2,200
Burlington, NJ	$1,550	$1,550	$2,100	$2,500
Union, NJ	$1,345	$1,900	$2,250	$2,500
Mercer, NJ	$975	$1,850	$2,400	$2,600
Middlesex, NJ	$2,000	$1,913	$2,500	$2,700
Lower Merion, PA	N/A	$1,825	$2,590	$2,700
Somerset, NJ	N/A	$1,900	$2,700	$3,200
Ocean, NJ	$4,000	$1,900	$2,375	$3,400
Monmouth, NJ	$2,200	$2,280	$2,950	$3,500

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 $4,690. 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 19144, Philadelphia, PA at $1,480 per month. In comparison, the zipcode with the most expensive average rent of $8,295 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,645. That's at least $91 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 $4,415 per month. Or in other words, $85 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,370 per month. Which comes out to $80 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	$4,000	$5,072	$7,000	$5,500
10019, New York, NY	$4,000	$4,670	$7,175	$4,995
10003, New York, NY	$4,350	$5,575	$6,995	$5,900
10009, New York, NY	$3,299	$4,400	$6,133	$5,995
10038, New York, NY	$3,900	$5,495	$7,400	$5,395
11201, New York, NY	$3,650	$4,415	$6,495	$4,690
19103, Philadelphia, PA	$1,762	$2,425	$3,748	$2,403
11101, New York, NY	$3,745	$4,616	$6,480	$4,643
10036, New York, NY	$4,108	$5,348	$7,995	$5,500
10005, New York, NY	$4,100	$5,151	$7,728	$4,969

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 $2,400. 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 one bedroom apartment in 08648, Mercer County, NJ?

The average monthly rental price for one bedroom apartments is $1,825 and an average price per square feet of $27.38. There are a total of 3 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 $2,350 and an average price per square feet of $24.28. There are a total of 29 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 -0.49%, one bedroom rental prices have changed by 0.33%, two bedroom rental prices have changed by 0.02%, three bedroom rental prices have changed by -0.13% 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 $1,920/month. You can search for these reasonably priced rental listings on RentHop.