Average Rent in Elizabeth, NJ

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Current Versus Historical Elizabeth, NJ Rents

Elizabeth rentals average $1,425 for a studio rental to $4,050 for a 4-bedroom rental. The median price of all currently available listings is $2,475, or roughly $26 per square feet.
For the apartment units and housing in November 2026, median rents have risen over the last year. Studio rentals prices have increased by $68 (4.29%) year-over-year from $1,582 to $1,650. 1-bedroom rentals prices have increased by $163 (9.15%) year-over-year from $1,775 to $1,938. 2-bedroom rentals prices have increased by $225 (11.11%) year-over-year from $2,025 to $2,250. 3-bedroom rentals prices have decreased by $282 (-10.13%) year-over-year from $2,782 to $2,500. 4-bedroom rentals prices have increased by $1,575 (61.17%) year-over-year from $2,575 to $4,150. 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 6.45% this month. 1-bedroom rents have gone up by 10.98% this month. 2-bedroom rents have gone up by 8.00% this month. 3-bedroom rents have gone down by 3.23% this month. 4-bedroom rents have gone up by 18.57% this month.
Beds
Price / Sqft
Nov 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $1,650 $1,582 (4.29%) $2,133 (-22.66%)
1 BR $31.32 $1,938 $1,775 (9.15%) $1,731 (11.96%)
2 BR $18.37 $2,250 $2,025 (11.11%) $2,192 (2.66%)
3 BR $21.52 $2,500 $2,782 (-10.13%) $2,608 (-4.15%)
4+ BR $24.56 $4,150 $2,575 (61.17%) $2,888 (43.68%)

Historical Rents in Elizabeth, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Elizabeth

There are a total of 6 cities nearby Elizabeth. The average rent in Elizabeth is currently $2,474 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Kearny, NJ, with an average rent of $2,175, 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 $4,551 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 55.35% more affordable than other cities nearby. One bedrooms are about 43.04% more affordable. Two bedrooms in Elizabeth, NJ are about 34.28% more affordable. Finally, rent for three bedrooms are about 5.00% more affordable. Want more information? Check out the top 6 cities near Elizabeth, NJ in the following table.
City Studio 1 Bed 2 Bed All
Kearny, NJ N/A $1,700 $2,150 $2,175
Newark, NJ $2,145 $2,000 $2,100 $2,300
East Orange, NJ $2,050 $2,706 $2,100 $2,398
Bayonne, NJ $2,283 $2,444 $3,221 $2,550
Harrison, NJ $2,522 $2,928 $3,592 $2,899
Jersey City, NJ $3,831 $4,946 $6,614 $4,551

Top Neighborhoods Near Elizabeth

There are a total of 38 neighborhoods in or near Elizabeth. Some of these neighborhoods include Greenwood Heights, Coney Island, and Gowanus. We've included the top 30 neighborhoods out of 38 total neighborhoods in or near Elizabeth, NJ in the following table.

The average rent for these 30 neighborhoods in or near Elizabeth, NJ is currently around $5,263 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $5,263. 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, Fairmount has the most affordable average rent at $2,200 per month. Whereas, at $7,995 average rent per month, NoLita 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 $2,900 $3,420 $4,256 $3,673
Coney Island, New York, NY N/A $3,210 $3,875 $3,800
Gowanus, New York, NY $3,396 $4,200 $6,550 $4,495
Downtown Brooklyn, New York, NY $3,681 $4,426 $6,171 $4,549
Brooklyn Heights, New York, NY $3,408 $4,824 $7,741 $4,977
Hell's Kitchen, New York, NY $3,795 $4,686 $6,075 $4,995
Midtown, New York, NY $3,975 $4,850 $7,777 $5,000
Midtown South, New York, NY $3,988 $5,684 $7,600 $5,015
Boerum Hill, New York, NY $3,613 $4,473 $6,500 $5,050
Financial District, New York, NY $4,307 $5,261 $7,064 $5,053
Lower East Side, New York, NY $4,100 $4,496 $7,328 $5,067
Hudson Yards, New York, NY $4,138 $5,400 $7,895 $5,250
SoHo, New York, NY $3,750 $5,295 $11,500 $5,295
Two Bridges, New York, NY $4,113 $5,200 $8,750 $5,398
West Village, New York, NY $5,100 $5,500 $6,995 $5,500
Flatiron District, New York, NY $4,600 $6,600 $9,300 $5,500
Park Slope, New York, NY $3,900 $4,300 $6,050 $5,750
Battery Park City, New York, NY $4,400 $5,343 $7,780 $5,750
Bowery, New York, NY $3,300 $3,799 $5,495 $5,780
East Village, New York, NY $3,750 $5,465 $5,995 $5,800
Carroll Gardens, New York, NY $3,050 $3,875 $6,000 $5,850
NoHo, New York, NY $4,600 $6,195 $14,250 $5,850
Chelsea, New York, NY $4,450 $6,195 $9,541 $5,995
DUMBO, New York, NY $4,134 $5,257 $8,950 $6,221
Greenwich Village, New York, NY $4,700 $7,150 $9,200 $6,300
NoMad, New York, NY $4,671 $6,025 $8,506 $6,389
Gramercy Park, New York, NY $4,250 $6,600 $10,700 $7,195
Little Italy, New York, NY $4,100 $3,800 $4,995 $7,295
Tribeca, New York, NY $5,990 $6,798 $8,573 $7,500
NoLita, New York, NY $12,800 $4,995 $7,895 $7,995

Top Counties Near Elizabeth

There are a total of 2 counties located by Elizabeth, NJ. Some of these counties include Union, NJ and Hudson, NJ. The average rent for rentals in these counties is $3,493. That's roughly around $57 per sqft. The county that is the most affordable is Union, NJ. Its average rent per month is $2,877. Vice versa, with an average rent of $4,110, Hudson, NJ is the most expensive county by Elizabeth, NJ.

Typically, rent for studios in Elizabeth, NJ is 89.58% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Elizabeth, NJ is 103.47% more affordable than other counties nearby. Finally, rent for two bedrooms in Elizabeth, NJ is 97.25% more affordable than other counties nearby. We've listed all of these counties in the table below.
County Studio 1 Bed 2 Bed All
Union, NJ $1,700 $2,827 $2,900 $2,877
Hudson, NJ $3,703 $4,498 $4,990 $4,110

Top Zipcodes Near Elizabeth

There are a total of 33 zipcodes in or near Elizabeth, NJ. The average rent for all of these zipcodes is $5,000. A total of 5 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07111, Essex County, NJ at $2,100 per month. In comparison, the zipcode with the most expensive average rent of $9,300 per month is 10282, New York, NY.

Studios in these zipcodes have an average rent of $3,877. That's at least $95 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Elizabeth, NJ is $4,900 per month. Or in other words, $89 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,740 per month. Which comes out to $86 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 $3,800 $4,850 $6,347 $5,000
10003, New York, NY $4,350 $6,450 $7,300 $6,050
10038, New York, NY $4,600 $5,053 $7,750 $5,240
11201, New York, NY $3,694 $4,488 $6,300 $4,667
10005, New York, NY $4,302 $5,550 $7,320 $4,888
10036, New York, NY $3,975 $4,900 $7,113 $5,500
10014, New York, NY $5,100 $5,995 $6,995 $5,500
10011, New York, NY $4,536 $6,215 $8,700 $6,218
10004, New York, NY $4,220 $5,349 $6,740 $5,230
10001, New York, NY $4,410 $5,999 $10,021 $5,750

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 $1,425. There are a total of 2 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 $1,800 and an average price per square feet of $31.32. There are a total of 15 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 $18.37. There are a total of 42 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 0.04%, one bedroom rental prices have changed by 0.09%, two bedroom rental prices have changed by 0.11%, three bedroom rental prices have changed by -0.10% 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.