Average Rent in Elizabeth, NJ

Current Versus Historical Elizabeth, NJ Rents

Elizabeth rentals average $0 for a studio rental to $3,725 for a 4-bedroom rental. The median price of all currently available listings is $2,525, or roughly $2 per square feet.

For the apartment units and housing in July 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $800 (39.02%) year-over-year from $2,050 to $2,850. 1-bedroom rentals prices have decreased by $33 (-1.72%) year-over-year from $1,933 to $1,900. 2-bedroom rentals prices have increased by $20 (0.99%) year-over-year from $2,030 to $2,050. 3-bedroom rentals prices have increased by $117 (4.52%) year-over-year from $2,583 to $2,700. 4-bedroom rentals prices have increased by $275 (9.09%) year-over-year from $3,025 to $3,300. 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 30.53% this month. 1-bedroom rents have gone up by 8.57% this month. 2-bedroom rents have gone down by 3.91% this month. 3-bedroom rents have gone up by 2.53% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,900	$1,933 (-1.72%)	$1,598 (18.92%)
2 BR	$1.50	$2,050	$2,030 (0.99%)	$1,779 (15.22%)
3 BR	N/A	$2,700	$2,583 (4.52%)	$1,900 (42.11%)
4+ BR	N/A	$3,300	$3,025 (9.09%)	$2,775 (18.92%)

Historical Rents in Elizabeth, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Elizabeth

There are a total of 2 cities nearby Elizabeth. The average rent in Elizabeth is currently $2,740 per month. Only one city nearby has an average rent lower than that. Our records show that Newark, NJ, with an average rent of $2,300, 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 $3,179 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 inf% more affordable than other cities nearby. One bedrooms are about 30.14% more affordable. Two bedrooms in Elizabeth, NJ are about 25.57% more affordable. Finally, rent for three bedrooms are about 1.85% more expensive. Want more information? Check out the top 2 cities near Elizabeth, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,800	$1,675	$2,050	$2,300
Jersey City, NJ	$2,390	$3,271	$3,475	$3,179

Top Neighborhoods Near Elizabeth

There are a total of 1 neighborhoods in or near Elizabeth. We've included all of these top 1 neighborhoods in or near Elizabeth, NJ in the following chart.

The average rent for these 1 neighborhoods in or near Elizabeth, NJ is currently around $5,750 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Elizabeth's average rent, which is only $2,525. Out of all the neighborhoods in or near Elizabeth, Battery Park City has the most affordable average rent at $5,750 per month. Whereas, at $5,750 average rent per month, Battery Park City is the most expensive neighborhood in or near Elizabeth. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Battery Park City, New York, NY	$4,110	$5,209	$7,250	$5,750

Top Counties Near Elizabeth

There are a total of 1 counties located by Elizabeth, NJ. Some of these counties include Newark, NJ, Elizabeth, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $2,525. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Newark, NJ. It's average rent per month is $2,300. Vice versa, with an average rent of $3,179, Jersey City, NJ is the most expensive county by Elizabeth, NJ.

Typically, rent for studios in Elizabeth, NJ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Elizabeth, NJ is on par with the other counties nearby. Finally, rent for two bedrooms in Elizabeth, NJ is on par with the other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,800	$1,675	$2,050	$2,300
Elizabeth, NJ	N/A	$1,900	$2,200	$2,525
Jersey City, NJ	$2,390	$3,271	$3,475	$3,179

Top Zipcodes Near Elizabeth

There are a total of 2 zipcodes in or near Elizabeth, NJ. The average rent for all of these zipcodes is $4,669.

The following chart includes the top 2 zipcodes in Elizabeth, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10004, New York, NY	$3,600	$4,700	$7,269	$4,042
10280, New York, NY	$3,999	$4,999	$6,965	$5,295

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 $2,525. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $1,900 and an average price per square feet of $0. There are a total of 7 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 $2,200 and an average price per square feet of $1.50. There are a total of 15 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 0.39%, one bedroom rental prices have changed by -0.02%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in Elizabeth, NJ?

A reasonable rent price in Elizabeth, NJ is around $2,020/month. You can search for these reasonably priced rental listings on RentHop.