Average Rent in Elizabeth, NJ

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Current Versus Historical Elizabeth, NJ Rents

Elizabeth rentals average $1,650 for a studio rental to $3,250 for a 4-bedroom rental. The median price of all currently available listings is $2,475, or roughly $23 per square feet.

For the apartment units and housing in September 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $150 (10.00%) year-over-year from $1,500 to $1,650. 1-bedroom rentals prices have increased by $25 (1.39%) year-over-year from $1,800 to $1,825. 2-bedroom rentals prices have decreased by $58 (-2.80%) year-over-year from $2,083 to $2,025. 3-bedroom rentals prices have increased by $142 (5.70%) year-over-year from $2,483 to $2,625. 4-bedroom rentals prices have increased by $300 (10.17%) year-over-year from $2,950 to $3,250. 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 1.54% this month. 1-bedroom rents have gone up by 5.80% this month. 2-bedroom rents have gone up by 19.70% this month. 3-bedroom rents have gone up by 16.24% this month. 4-bedroom rents have gone down by 13.32% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$34.67	$1,650	$1,500 (10.00%)	$2,192 (-24.71%)
1 BR	$34.31	$1,825	$1,800 (1.39%)	$1,752 (4.19%)
2 BR	$18.75	$2,025	$2,083 (-2.80%)	$2,038 (-0.65%)
3 BR	$19.53	$2,625	$2,483 (5.70%)	$2,533 (3.62%)
4+ BR	$24.61	$3,250	$2,950 (10.17%)	$3,092 (5.12%)

Historical Rents in Elizabeth, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Elizabeth

There are a total of 5 cities nearby Elizabeth. The average rent in Elizabeth is currently $2,278 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that East Orange, NJ, with an average rent of $2,155, is the most affordable city nearby. In contrast, the most expensive city near Elizabeth, NJ is Jersey City, NJ. Monthly rents here are on average $2,500 per month.

Let's compare Elizabeth, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Elizabeth, NJ is 36.36% more affordable than other cities nearby. One bedrooms are about 3.56% more affordable. Two bedrooms in Elizabeth, NJ are about 12.50% more affordable. Finally, rent for three bedrooms are about 2.86% more expensive. Want more information? Check out the top 5 cities near Elizabeth, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
East Orange, NJ	$1,373	$1,890	$1,950	$2,155
Kearny, NJ	N/A	$1,775	$2,275	$2,250
Newark, NJ	$2,250	$1,742	$2,000	$2,278
Bayonne, NJ	$2,265	$2,454	$2,911	$2,499
Jersey City, NJ	$3,016	$2,375	$2,250	$2,500

Top Neighborhoods Near Elizabeth

There are a total of 29 neighborhoods in or near Elizabeth. Some of these neighborhoods include Greenwood Heights, Gowanus, and Boerum Hill. We've included all of these top 29 neighborhoods in or near Elizabeth, NJ in the following table.

The average rent for these 29 neighborhoods in or near Elizabeth, NJ is currently around $5,995 per month. Interestingly, the neighborhoods' average rent is higher than Elizabeth's average rent, which is only $2,475. Out of all the neighborhoods in or near Elizabeth, Greenwood Heights has the most affordable average rent at $3,420 per month. Whereas, at $7,995 average rent per month, Tribeca is the most expensive neighborhood in or near Elizabeth. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Greenwood Heights, New York, NY	$2,825	$3,369	$4,156	$3,420
Gowanus, New York, NY	$3,488	$3,900	$6,320	$4,350
Boerum Hill, New York, NY	$3,725	$3,995	$5,600	$4,400
NoHo, New York, NY	$4,500	$4,600	$12,500	$4,500
Downtown Brooklyn, New York, NY	$3,595	$4,350	$6,475	$4,500
Hell's Kitchen, New York, NY	$3,770	$4,731	$6,300	$4,950
Midtown, New York, NY	$3,950	$4,900	$7,475	$5,000
Midtown South, New York, NY	$4,000	$5,000	$7,595	$5,050
Brooklyn Heights, New York, NY	$4,025	$4,927	$8,157	$5,122
Park Slope, New York, NY	$3,500	$3,970	$5,450	$5,150
Financial District, New York, NY	$4,150	$5,404	$7,718	$5,300
Battery Park City, New York, NY	$4,069	$5,390	$7,578	$5,585
Hudson Yards, New York, NY	$4,370	$5,625	$8,000	$5,660
East Village, New York, NY	$3,495	$4,295	$5,995	$5,995
West Village, New York, NY	$4,900	$5,695	$7,000	$5,995
Lower East Side, New York, NY	$4,578	$5,250	$7,889	$6,000
Carroll Gardens, New York, NY	$2,975	$4,038	$6,000	$6,000
Chelsea, New York, NY	$4,400	$6,295	$10,100	$6,095
NoMad, New York, NY	$4,495	$5,828	$8,291	$6,239
Flatiron District, New York, NY	$4,825	$6,600	$8,900	$6,250
Greenwich Village, New York, NY	$4,985	$6,300	$11,395	$6,300
Bowery, New York, NY	$3,300	$4,995	$4,750	$6,350
NoLita, New York, NY	$16,750	$4,995	$7,895	$6,495
Two Bridges, New York, NY	N/A	$5,295	$8,750	$6,500
DUMBO, New York, NY	$3,806	$5,650	$7,295	$6,758
Gramercy Park, New York, NY	$4,600	$6,600	$6,500	$6,895
SoHo, New York, NY	$5,900	$5,695	$8,000	$7,000
Little Italy, New York, NY	$3,995	$3,612	$5,600	$7,495
Tribeca, New York, NY	$5,999	$6,995	$8,295	$7,995

Top Counties Near Elizabeth

There are a total of 2 counties located by Elizabeth, NJ. Some of these counties include Hudson, NJ and Union, NJ. The average rent for rentals in these counties is $2,625. That's roughly around $32 per sqft. The county that is the most affordable is Hudson, NJ. Its average rent per month is $2,500. Vice versa, with an average rent of $2,750, Union, NJ is the most expensive county by Elizabeth, NJ.

Typically, rent for studios in Elizabeth, NJ is 26.14% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Elizabeth, NJ is 17.81% more affordable than other counties nearby. Finally, rent for two bedrooms in Elizabeth, NJ is 22.50% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Hudson, NJ	$2,363	$2,300	$2,400	$2,500
Union, NJ	$1,800	$2,000	$2,500	$2,750

Top Zipcodes Near Elizabeth

There are a total of 24 zipcodes in or near Elizabeth, NJ. The average rent for all of these zipcodes is $5,411. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07032, Kearny, NJ at $2,250 per month. In comparison, the zipcode with the most expensive average rent of $7,995 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $4,067. That's at least $96 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Elizabeth, NJ is $5,323 per month. Or in other words, $93 per sqft. Meanwhile, two bedroom apartments will cost you an average of $7,108 per month. Which comes out to $88 per sqft. The following table includes the top 10 zipcodes in Elizabeth, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10019, New York, NY	$3,830	$4,800	$7,000	$4,995
10003, New York, NY	$4,500	$5,850	$6,995	$5,995
10038, New York, NY	$4,150	$5,495	$8,308	$5,433
11201, New York, NY	$3,650	$4,395	$6,495	$4,713
10005, New York, NY	$4,200	$5,358	$7,948	$5,165
10036, New York, NY	$3,900	$5,353	$7,325	$5,592
10014, New York, NY	$5,100	$5,995	$8,340	$5,995
10011, New York, NY	$4,400	$5,995	$7,495	$6,250
10004, New York, NY	$4,135	$5,500	$7,150	$5,390
10001, New York, NY	$4,500	$6,013	$9,795	$5,895

Frequently Asked Questions - Elizabeth Average Rents

What is the average rent price in Elizabeth, NJ?

The average monthly rental price for Elizabeth, NJ apartments for rent is approximately $2,475. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Elizabeth, 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 Elizabeth, NJ.

How much is a studio apartment in Elizabeth, NJ?

The average monthly rental price for studio apartments is $1,650 and an average price per square feet of $34.67. There are a total of 5 studio apartment listings currently available for rent in Elizabeth.

How much is a one bedroom apartment in Elizabeth, NJ?

The average monthly rental price for one bedroom apartments is $1,825 and an average price per square feet of $34.31. There are a total of 8 one bedroom apartment listings currently available for rent in Elizabeth.

How much is a two bedroom apartment in Elizabeth, NJ?

The average monthly rental price for two bedroom apartments is $2,000 and an average price per square feet of $18.75. There are a total of 30 two bedroom apartment listings currently available for rent in Elizabeth.

How have rent prices in Elizabeth, NJ changed this year?

Rent prices for rentals in Elizabeth, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.03%, three bedroom rental prices have changed by 0.06% year-over-year.

What is a reasonable rent price in Elizabeth, NJ?

A reasonable rent price in Elizabeth, NJ is around $1,980/month. You can search for these reasonably priced rental listings on RentHop.