Average Rent in Margate City, NJ

Current Versus Historical Margate City, NJ Rents

Margate City rentals average $13,250 for a studio rental to $21,500 for a 4-bedroom rental. The median price of all currently available listings is $18,000, or roughly $12 per square feet.

For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $1,000 (11.11%) year-over-year from $9,000 to $10,000. 1-bedroom rentals prices have decreased by $1,325 (-11.73%) year-over-year from $11,300 to $9,975. 2-bedroom rentals prices have increased by $4,250 (34.69%) year-over-year from $12,250 to $16,500. 3-bedroom rentals prices have increased by $2,750 (15.94%) year-over-year from $17,250 to $20,000. 4-bedroom rentals prices have decreased by $6,633 (-22.38%) year-over-year from $29,633 to $23,000. 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 9.09% this month. 1-bedroom rents have gone up by 7.07% this month. 2-bedroom rents have gone down by 7.48% this month. 3-bedroom rents have gone down by 7.69% this month. 4-bedroom rents have gone down by 2.82% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$10,000	$9,000 (11.11%)	$9,222 (8.43%)
1 BR	$11.23	$9,975	$11,300 (-11.73%)	$14,000 (-28.75%)
2 BR	$8.89	$16,500	$12,250 (34.69%)	$11,333 (45.59%)
3 BR	$15.56	$20,000	$17,250 (15.94%)	$24,333 (-17.81%)
4+ BR	$16.15	$23,000	$29,633 (-22.38%)	$31,000 (-25.81%)

Historical Rents in Margate City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Margate City

There are a total of 2 cities nearby Margate City. The average rent in Margate City is currently $15,700 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Ventnor City, NJ, with an average rent of $13,400, is the most affordable city nearby. In contrast, the most expensive city near Margate City, NJ is Margate City, NJ. Monthly rents here are on average $18,000 per month.

Let's compare Margate City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Margate City, NJ is 2.83% more expensive than other cities nearby. One bedrooms are about 5.00% more affordable. Two bedrooms in Margate City, NJ are about 23.53% more expensive. Finally, rent for three bedrooms are about 20.00% more expensive. Want more information? Check out the top 2 cities near Margate City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Ventnor City, NJ	$12,500	$9,350	$9,000	$13,400
Margate City, NJ	$13,250	$8,500	$17,000	$18,000

Top Neighborhoods Near Margate City

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

The average rent for these 1 neighborhoods in or near Margate City, NJ is currently around $13,250 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Margate City, Lower Chelsea has the most affordable average rent at $13,250 per month. Whereas, at $13,250 average rent per month, Lower Chelsea is the most expensive neighborhood in or near Margate City. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Lower Chelsea, Atlantic City, NJ	$13,500	$7,100	$13,000	$13,250

Top Counties Near Margate City

There are a total of 1 counties located by Margate City, NJ.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Margate City

There are a total of 2 zipcodes in or near Margate City, NJ. The average rent for all of these zipcodes is $15,700. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 08406, Ventnor City, NJ at $13,400 per month. In comparison, the zipcode with the most expensive average rent of $18,000 per month is 08402, Margate City, NJ.

Studios in these zipcodes have an average rent of $12,875. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Margate City, NJ is $8,925 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $13,000 per month. Which comes out to $9 per sqft. The following chart includes the top 2 zipcodes in Margate City, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
08402, Margate City, NJ	$13,250	$8,500	$17,000	$18,000
08406, Ventnor City, NJ	$12,500	$9,350	$9,000	$13,400

Frequently Asked Questions - Margate City Average Rents

What is the average rent price in Margate City, NJ?

The average monthly rental price for Margate City, NJ apartments for rent is approximately $18,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Margate City, 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 Margate City, NJ.

How much is a studio apartment in Margate City, NJ?

The average monthly rental price for studio apartments is $13,250 and an average price per square feet of $0. There are a total of 8 studio apartment listings currently available for rent in Margate City.

How much is a one bedroom apartment in Margate City, NJ?

The average monthly rental price for one bedroom apartments is $8,500 and an average price per square feet of $11.23. There are a total of 29 one bedroom apartment listings currently available for rent in Margate City.

How much is a two bedroom apartment in Margate City, NJ?

The average monthly rental price for two bedroom apartments is $17,000 and an average price per square feet of $8.89. There are a total of 50 two bedroom apartment listings currently available for rent in Margate City.

How have rent prices in Margate City, NJ changed this year?

Rent prices for rentals in Margate City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.11%, one bedroom rental prices have changed by -0.12%, two bedroom rental prices have changed by 0.35%, and three bedroom rental prices have changed by 0.16% year-over-year.

What is a reasonable rent price in Margate City, NJ?

A reasonable rent price in Margate City, NJ is around $14,400/month. You can search for these reasonably priced rental listings on RentHop.