Average Rent in Mercer, NJ

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Current Versus Historical Mercer, NJ Rents

Mercer rentals average $1,800 for a 1-bedroom rental to $4,075 for a 4-bedroom rental. The median price of all currently available listings is $2,825, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $749 (-51.25%) year-over-year from $1,462 to $713. 1-bedroom rentals prices have increased by $222 (14.07%) year-over-year from $1,576 to $1,798. 2-bedroom rentals prices have increased by $0 (0.00%) year-over-year from $3,381 to $3,381. 3-bedroom rentals prices have increased by $700 (26.42%) year-over-year from $2,650 to $3,350. 4-bedroom rentals prices have increased by $1,450 (56.86%) year-over-year from $2,550 to $4,000. 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 down by 37.36% this month. 1-bedroom rents have gone up by 7.90% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 6.35% this month. 4-bedroom rents have gone up by 18.72% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.02	$1,798	$1,576 (14.07%)	$2,232 (-19.47%)
2 BR	$2.03	$3,381	$3,381 (0.00%)	$3,123 (8.26%)
3 BR	$1.94	$3,350	$2,650 (26.42%)	$2,425 (38.14%)
4+ BR	$1.76	$4,000	$2,550 (56.86%)	$2,654 (50.71%)

Historical Rents in Mercer, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Mercer

There are a total of 15 cities nearby Mercer. The average rent in Mercer is currently $3,500 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,800, is the most affordable city nearby. In contrast, the most expensive city near Mercer, NJ is Spring Lake, NJ. Monthly rents here are on average $10,000 per month.

Let's compare Mercer, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 14.28% more affordable. Two bedrooms in Mercer, NJ are about 10.42% more affordable. Finally, rent for three bedrooms are about 21.05% more expensive. Want more information? Check out the top 10 cities out of 15 total cities near Mercer, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,350	$1,693	$1,835	$1,800
Lansdale, PA	$2,358	$2,207	$2,952	$2,225
Asbury Park, NJ	$2,575	$2,450	$3,200	$3,500
Bradley Beach, NJ	N/A	$2,400	$5,000	$4,000
West Long Branch, NJ	N/A	N/A	$16,375	$4,050
Manasquan, NJ	N/A	$3,150	$3,850	$4,100
Point Pleasant Beach, NJ	N/A	$1,500	$2,500	$5,000
Oakhurst, NJ	N/A	N/A	N/A	$5,250
Belmar, NJ	N/A	$2,400	$15,000	$6,000
Spring Lake, NJ	N/A	$6,000	$4,350	$10,000

Top Neighborhoods Near Mercer

There are a total of 31 neighborhoods in or near Mercer. Some of these neighborhoods include Cobbs Creek, Germantown, and Port Richmond. We've included the top 30 neighborhoods out of 31 total neighborhoods in or near Mercer, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Mercer, NJ is currently around $1,875 per month. A total of 29 neighborhoods have a lower average rent. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Out of all the neighborhoods in or near Mercer, Haddington has the most affordable average rent at $1,300 per month. Whereas, at $5,048 average rent per month, Battery Park City is the most expensive neighborhood in or near Mercer. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Cobbs Creek, Philadelphia, PA	N/A	$1,000	$1,350	$1,325
Germantown, Philadelphia, PA	$900	$1,291	$1,850	$1,417
Port Richmond, Philadelphia, PA	$1,500	$1,195	$1,440	$1,500
Kingsessing, Philadelphia, PA	$1,038	$1,250	$1,525	$1,500
South Philadelphia West, Philadelphia, PA	$1,038	$1,265	$1,550	$1,600
North Philadelphia East, Philadelphia, PA	$1,295	$1,445	$1,679	$1,650
Roxborough, Philadelphia, PA	$1,350	$1,613	$1,933	$1,675
North Philadelphia West, Philadelphia, PA	$1,225	$1,420	$1,600	$1,700
Kensington, Philadelphia, PA	$1,234	$1,573	$1,800	$1,750
Point Breeze, Philadelphia, PA	$1,315	$1,395	$1,800	$1,795
Spruce Hill, Philadelphia, PA	$910	$1,184	$1,763	$1,795
Northern Liberties - Fishtown, Philadelphia, PA	$1,330	$1,750	$2,300	$1,835
East Germantown, Philadelphia, PA	$1,375	$1,525	$1,732	$1,845
Avenue of the Arts North, Philadelphia, PA	$750	$1,765	$1,500	$1,850
Washington Square West, Philadelphia, PA	$1,225	$1,845	$2,375	$1,875
West Powelton, Philadelphia, PA	$1,246	$1,640	$1,800	$1,900
Manayunk, Philadelphia, PA	$1,420	$1,569	$1,973	$1,925
Graduate Hospital, Philadelphia, PA	$1,321	$1,683	$2,295	$1,950
Bella Vista - Southwark, Philadelphia, PA	$1,145	$1,750	$2,200	$1,995
Center City East, Philadelphia, PA	$1,343	$1,900	$2,880	$2,058
Rittenhouse Square, Philadelphia, PA	$1,570	$2,144	$3,321	$2,104
Center City West, Philadelphia, PA	$1,475	$2,100	$3,384	$2,149
Avenue of the Arts South, Philadelphia, PA	$1,745	$2,097	$2,995	$2,159
Fairmount - Art Museum, Philadelphia, PA	$1,494	$1,828	$2,200	$2,195
Mantua, Philadelphia, PA	N/A	$1,320	$1,700	$2,263
Fitler Square, Philadelphia, PA	$1,725	$2,100	$3,495	$2,398
Logan Square, Philadelphia, PA	$1,653	$2,348	$3,591	$2,464
Bay Ridge, New York, NY	$4,200	$2,398	$2,650	$2,750
University City, Philadelphia, PA	$1,343	$2,971	$4,299	$3,051
Battery Park City, New York, NY	$3,575	$4,532	$6,250	$5,048

Top Counties Near Mercer

There are a total of 31 counties located by Mercer, NJ. Some of these counties include Philadelphia, PA, Montgomery, PA, and Bucks, PA. The average rent for rentals in these counties is $2,750. That's roughly around $2 per sqft. A total of 6 counties have a lower average rent. The county that is the most affordable is Philadelphia, PA. It's average rent per month is $1,800. Vice versa, with an average rent of $4,000, Monmouth, NJ is the most expensive county by Mercer, NJ.

Typically, rent for studios in Mercer, NJ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Mercer, NJ is 5.56% more affordable than other counties nearby. Finally, rent for two bedrooms in Mercer, NJ is 2.08% more expensive than other counties nearby. We've listed the top 9 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,350	$1,693	$1,835	$1,800
Montgomery, PA	$1,896	$2,004	$2,200	$2,353
Bucks, PA	$1,150	$1,750	$2,350	$2,500
Burlington, NJ	N/A	$1,500	$2,100	$2,500
Union, NJ	$2,025	$1,900	$2,600	$2,750
Middlesex, NJ	$2,175	$1,950	$2,500	$2,800
Somerset, NJ	N/A	$2,013	$2,675	$3,200
Ocean, NJ	$1,300	$1,700	$2,350	$3,825
Monmouth, NJ	$3,000	$2,400	$3,443	$4,000

Top Zipcodes Near Mercer

There are a total of 40 zipcodes in or near Mercer, NJ. The average rent for all of these zipcodes is $2,198. A total of 27 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19140, Philadelphia, PA at $1,300 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 07762, Spring Lake Heights, NJ.

Studios in these zipcodes have an average rent of $1,263. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Mercer, NJ is $1,738 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,348 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Mercer, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10005, New York, NY	$3,569	$4,600	$6,410	$4,298
19121, Philadelphia, PA	$1,230	$1,425	$1,600	$1,750
19103, Philadelphia, PA	$1,598	$2,150	$3,539	$2,200
19146, Philadelphia, PA	$1,333	$1,535	$1,928	$1,795
19122, Philadelphia, PA	$1,295	$1,495	$1,750	$1,717
19104, Philadelphia, PA	$1,303	$2,390	$1,900	$2,123
19107, Philadelphia, PA	$1,205	$1,922	$2,800	$1,995
19125, Philadelphia, PA	$1,315	$1,575	$1,895	$1,795
19130, Philadelphia, PA	$1,470	$1,800	$2,195	$2,130
10004, New York, NY	$3,581	$4,386	$6,644	$4,271

Frequently Asked Questions - Mercer Average Rents

What is the average rent price in Mercer, NJ?

The average monthly rental price for Mercer, NJ apartments for rent is approximately $2,825. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Mercer, 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 Mercer, NJ.

How much is a studio apartment in Mercer, 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 0 studio apartment listings currently available for rent in Mercer.

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

The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $2.02. There are a total of 15 one bedroom apartment listings currently available for rent in Mercer.

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

The average monthly rental price for two bedroom apartments is $2,400 and an average price per square feet of $2.03. There are a total of 67 two bedroom apartment listings currently available for rent in Mercer.

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

Rent prices for rentals in Mercer, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.51%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.00%, and three bedroom rental prices have changed by 0.26% year-over-year.

What is a reasonable rent price in Mercer, NJ?

A reasonable rent price in Mercer, NJ is around $2,260/month. You can search for these reasonably priced rental listings on RentHop.