Average Rent in Monmouth, NJ

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Current Versus Historical Monmouth, NJ Rents

Monmouth rentals average $2,000 for a studio rental to $4,700 for a 4-bedroom rental. The median price of all currently available listings is $3,200, or roughly $28 per square feet.

For the apartment units and housing in September 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $109 (5.09%) year-over-year from $2,141 to $2,250. 1-bedroom rentals prices have increased by $257 (12.62%) year-over-year from $2,033 to $2,290. 2-bedroom rentals prices have increased by $283 (10.63%) year-over-year from $2,667 to $2,950. 3-bedroom rentals prices have increased by $141 (4.23%) year-over-year from $3,333 to $3,475. 4-bedroom rentals prices have increased by $717 (16.93%) year-over-year from $4,233 to $4,950. 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 15.38% this month. 1-bedroom rents have gone up by 1.93% this month. 2-bedroom rents have gone up by 2.31% this month. 3-bedroom rents have gone down by 1.43% this month. 4-bedroom rents have gone up by 2.77% this month.

Beds	Price / Sqft	Sep 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$43.69	$2,250	$2,141 (5.09%)	$1,708 (31.71%)
1 BR	$34.02	$2,290	$2,033 (12.62%)	$2,083 (9.92%)
2 BR	$32.61	$2,950	$2,667 (10.63%)	$2,567 (14.94%)
3 BR	$24.63	$3,475	$3,333 (4.23%)	$3,267 (6.36%)
4+ BR	$23.37	$4,950	$4,233 (16.93%)	$4,150 (19.28%)

Historical Rents in Monmouth, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Monmouth

There are a total of 23 cities nearby Monmouth. The average rent in Monmouth is currently $3,048 per month. A total of 13 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,805, is the most affordable city nearby. In contrast, the most expensive city near Monmouth, NJ is Spring Lake, NJ. Monthly rents here are on average $9,650 per month.

Let's compare Monmouth, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Monmouth, NJ is 17.50% more expensive than other cities nearby. One bedrooms are equivalent to other nearby cities' one bedroom rents. Two bedrooms in Monmouth, NJ are about 13.79% more expensive. Finally, rent for three bedrooms are about 7.13% more expensive. Want more information? Check out the top 10 cities out of 23 total cities near Monmouth, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Ocean Grove, NJ	$1,700	$1,800	$2,300	$2,600
Belmar, NJ	$2,000	$2,425	$2,375	$2,775
Oakhurst, NJ	N/A	N/A	$2,400	$3,000
Toms River, NJ	N/A	$1,975	$2,625	$3,150
Long Branch, NJ	$2,125	$2,700	$3,325	$3,325
Point Pleasant Beach, NJ	N/A	$1,650	$2,200	$3,400
Asbury Park, NJ	$2,600	$3,100	$3,830	$3,475
Manasquan, NJ	N/A	N/A	$2,288	$3,750
Lavallette, NJ	N/A	$2,400	$2,930	$4,300
Spring Lake, NJ	$2,600	$2,200	$3,550	$9,650

Top Neighborhoods Near Monmouth

There are a total of 101 neighborhoods in or near Monmouth. Some of these neighborhoods include North Philadelphia East, Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 101 total neighborhoods in or near Monmouth, NJ in the following table.

The average rent for these 30 neighborhoods in or near Monmouth, NJ is currently around $3,652 per month. A total of 41 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than Monmouth's average rent, which is only $3,200. Out of all the neighborhoods in or near Monmouth, Tioga - Nicetown has the most affordable average rent at $1,300 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near Monmouth. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia East, Philadelphia, PA	$1,300	$1,800	$1,650	$1,800
Flatbush, New York, NY	$2,725	$3,228	$3,403	$3,311
Bedford-Stuyvesant, New York, NY	$3,225	$3,458	$4,195	$3,795
Crown Heights, New York, NY	$2,850	$3,427	$4,500	$3,800
West Harlem, New York, NY	$2,795	$3,250	$4,000	$3,970
Harlem, New York, NY	$2,850	$3,256	$3,898	$3,990
East Harlem, New York, NY	$3,465	$3,648	$3,500	$3,995
Bushwick, New York, NY	$3,985	$3,601	$3,982	$3,999
Downtown Brooklyn, New York, NY	$3,595	$4,395	$6,452	$4,493
Prospect Heights, New York, NY	$3,498	$4,424	$5,778	$4,524
Long Island City, New York, NY	$3,694	$4,523	$6,692	$4,543
Fort Greene, New York, NY	$3,669	$4,575	$6,895	$4,575
Greenpoint, New York, NY	$3,690	$4,600	$6,877	$4,600
Murray Hill, New York, NY	$4,050	$5,251	$7,800	$4,856
Midtown, New York, NY	$3,900	$4,903	$7,850	$4,942
Hell's Kitchen, New York, NY	$3,720	$4,693	$6,500	$4,995
Upper East Side, New York, NY	$3,350	$4,450	$8,200	$5,000
Williamsburg, New York, NY	$4,010	$5,000	$5,700	$5,021
Financial District, New York, NY	$4,176	$5,388	$7,700	$5,257
Upper West Side, New York, NY	$3,500	$5,000	$7,300	$5,295
Midtown East, New York, NY	$4,050	$5,250	$7,350	$5,304
Kips Bay, New York, NY	$3,817	$4,574	$5,980	$5,425
Hudson Yards, New York, NY	$4,400	$5,598	$8,000	$5,650
Lower East Side, New York, NY	$4,211	$4,495	$7,193	$5,995
East Village, New York, NY	$3,795	$4,200	$5,995	$5,995
Chelsea, New York, NY	$4,475	$6,295	$9,905	$6,147
Greenwich Village, New York, NY	$5,175	$6,300	$8,480	$6,300
West Village, New York, NY	$4,850	$5,900	$7,000	$6,495
Gramercy Park, New York, NY	$4,595	$6,775	$6,500	$7,000
Tribeca, New York, NY	$5,999	$7,060	$8,295	$7,995

Top Counties Near Monmouth

There are a total of 33 counties located by Monmouth, NJ. Some of these counties include Essex, NJ, Union, NJ, and Hudson, NJ. The average rent for rentals in these counties is $3,000. That's roughly around $35 per sqft. A total of 20 counties have a lower average rent. The county that is the most affordable is Chester, PA. Its average rent per month is $1,393. Vice versa, with an average rent of $5,450, Manhattan, New York, NY is the most expensive county by Monmouth, NJ.

Typically, rent for studios in Monmouth, NJ is 13.75% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Monmouth, NJ is 5.00% more affordable than other counties nearby. Finally, rent for two bedrooms in Monmouth, NJ is 8.79% more expensive than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Essex, NJ	$1,445	$1,800	$2,100	$2,200
Union, NJ	$1,650	$1,973	$2,350	$2,500
Hudson, NJ	$2,308	$2,400	$2,400	$2,500
Mercer, NJ	$1,300	$1,913	$2,350	$2,550
Burlington, NJ	$1,400	$1,600	$2,225	$2,600
Middlesex, NJ	$1,850	$1,895	$2,500	$2,775
Ocean, NJ	$1,800	$1,763	$2,300	$3,000
Somerset, NJ	N/A	$1,950	$2,700	$3,050
Queens, New York, NY	$3,485	$3,716	$4,300	$3,795
Brooklyn, New York, NY	$3,568	$4,110	$4,900	$4,200

Top Zipcodes Near Monmouth

There are a total of 49 zipcodes in or near Monmouth, NJ. The average rent for all of these zipcodes is $4,995. A total of 6 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19104, Philadelphia, PA at $1,650 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 $3,694. That's at least $91 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Monmouth, NJ is $4,543 per month. Or in other words, $86 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,695 per month. Which comes out to $87 per sqft. The following table includes the top 10 zipcodes in Monmouth, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$4,050	$5,250	$7,000	$5,395
10019, New York, NY	$3,830	$4,799	$7,000	$4,995
10003, New York, NY	$4,325	$5,700	$6,995	$5,955
10009, New York, NY	$3,423	$4,495	$5,995	$5,995
10038, New York, NY	$4,102	$5,495	$8,201	$5,495
11201, New York, NY	$3,619	$4,399	$6,495	$4,770
10025, New York, NY	$3,350	$4,300	$5,150	$4,995
11101, New York, NY	$3,694	$4,543	$6,575	$4,633
10005, New York, NY	$4,292	$5,308	$7,868	$4,991
10036, New York, NY	$4,013	$5,395	$7,295	$5,625

Frequently Asked Questions - Monmouth Average Rents

What is the average rent price in Monmouth, NJ?

The average monthly rental price for Monmouth, NJ apartments for rent is approximately $3,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Monmouth, 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 Monmouth, NJ.

How much is a studio apartment in Monmouth, NJ?

The average monthly rental price for studio apartments is $2,000 and an average price per square feet of $43.69. There are a total of 38 studio apartment listings currently available for rent in Monmouth.

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

The average monthly rental price for one bedroom apartments is $2,200 and an average price per square feet of $34.02. There are a total of 266 one bedroom apartment listings currently available for rent in Monmouth.

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

The average monthly rental price for two bedroom apartments is $2,900 and an average price per square feet of $32.61. There are a total of 455 two bedroom apartment listings currently available for rent in Monmouth.

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

Rent prices for rentals in Monmouth, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.05%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by 0.11%, three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Monmouth, NJ?

A reasonable rent price in Monmouth, NJ is around $2,560/month. You can search for these reasonably priced rental listings on RentHop.