Average Rent in Monmouth, NJ

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Current Versus Historical Monmouth, NJ Rents

Monmouth rentals average $2,310 for a studio rental to $6,000 for a 4-bedroom rental. The median price of all currently available listings is $3,700, or roughly $24 per square feet.
For the apartment units and housing in June 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $428 (21.22%) year-over-year from $2,015 to $2,443. 1-bedroom rentals prices have increased by $83 (3.64%) year-over-year from $2,292 to $2,375. 2-bedroom rentals prices have increased by $100 (3.28%) year-over-year from $3,050 to $3,150. 3-bedroom rentals prices have increased by $150 (4.17%) year-over-year from $3,600 to $3,750. 4-bedroom rentals prices have decreased by $2,133 (-26.23%) year-over-year from $8,133 to $6,000. 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 2.95% this month. 1-bedroom rents have gone up by 0.71% this month. 2-bedroom rents have gone up by 1.07% this month. 3-bedroom rents have gone down by 1.75% this month. 4-bedroom rents have gone down by 42.86% this month.
Beds
Price / Sqft
Jun 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $2,443 $2,015 (21.22%) $1,808 (35.07%)
1 BR N/A $2,375 $2,292 (3.64%) $2,108 (12.65%)
2 BR $27.07 $3,150 $3,050 (3.28%) $2,750 (14.55%)
3 BR $27.18 $3,750 $3,600 (4.17%) $3,883 (-3.43%)
4+ BR $23.35 $6,000 $8,133 (-26.23%) $10,833 (-44.62%)

Historical Rents in Monmouth, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Monmouth

There are a total of 21 cities nearby Monmouth. The average rent in Monmouth is currently $3,750 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Philadelphia, PA, with an average rent of $1,830, 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 $10,500 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 37.49% more expensive than other cities nearby. One bedrooms are about 2.08% more expensive. Two bedrooms in Monmouth, NJ are about 6.93% more affordable. Finally, rent for three bedrooms are about 8.11% more affordable. Want more information? Check out the top 10 cities out of 21 total cities near Monmouth, NJ in the following table.
City Studio 1 Bed 2 Bed All
Ocean Grove, NJ N/A $1,775 $2,550 $3,000
Toms River, NJ N/A N/A $2,650 $3,250
Long Branch, NJ $1,955 $2,631 $3,800 $3,750
Asbury Park, NJ $2,700 $3,392 $4,000 $3,960
Belmar, NJ $4,000 $2,800 $4,250 $4,250
Lavallette, NJ N/A $1,675 $2,815 $4,625
Oakhurst, NJ N/A $3,000 $6,000 $4,700
Manasquan, NJ N/A $3,050 $3,800 $4,950
Point Pleasant Beach, NJ N/A $1,875 $3,500 $5,400
Spring Lake, NJ N/A $6,250 $13,488 $10,500

Top Neighborhoods Near Monmouth

There are a total of 103 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 103 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 $3,620 per month. A total of 53 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is less than Monmouth's average rent, which is actually $3,700. Out of all the neighborhoods in or near Monmouth, Overbrook has the most affordable average rent at $1,400 per month. Whereas, at $8,400 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 $1,535 $1,610 $1,750 $1,800
Flatbush, New York, NY $2,625 $2,995 $3,400 $3,250
Bedford-Stuyvesant, New York, NY $2,999 $3,250 $3,800 $3,636
Bushwick, New York, NY $3,200 $3,200 $3,695 $3,750
Crown Heights, New York, NY $3,113 $3,514 $4,576 $3,800
Harlem, New York, NY $2,995 $3,395 $3,895 $3,850
West Harlem, New York, NY $2,900 $3,254 $4,300 $3,850
East Harlem, New York, NY $3,223 $3,625 $3,695 $3,892
Prospect Heights, New York, NY $3,650 $4,359 $6,000 $4,359
Long Island City, New York, NY $3,592 $4,387 $6,325 $4,495
Fort Greene, New York, NY $3,465 $4,426 $6,500 $4,525
Murray Hill, New York, NY $3,800 $4,619 $7,000 $4,595
Hell's Kitchen, New York, NY $3,750 $4,500 $6,450 $4,700
Upper East Side, New York, NY $3,350 $4,625 $5,650 $4,710
Downtown Brooklyn, New York, NY $3,597 $4,478 $6,264 $4,738
Upper West Side, New York, NY $3,500 $4,800 $7,300 $5,234
Kips Bay, New York, NY $3,985 $4,570 $5,900 $5,295
Financial District, New York, NY $4,100 $5,345 $7,000 $5,295
Greenpoint, New York, NY $3,730 $4,675 $7,107 $5,400
Williamsburg, New York, NY $4,215 $5,115 $5,900 $5,425
Midtown, New York, NY $3,915 $5,115 $7,402 $5,495
Hudson Yards, New York, NY $3,998 $5,500 $8,000 $5,578
West Village, New York, NY $4,295 $5,500 $7,225 $5,649
Midtown East, New York, NY $3,825 $5,250 $6,897 $5,650
East Village, New York, NY $3,900 $4,295 $5,995 $5,650
Greenwich Village, New York, NY $4,725 $6,300 $7,625 $5,700
Chelsea, New York, NY $4,350 $6,160 $9,500 $6,028
NoMad, New York, NY $4,499 $5,726 $8,551 $6,378
Stuyvesant Town - Peter Cooper Village, New York, NY $4,926 $6,202 $6,569 $6,509
Gramercy Park, New York, NY $4,095 $5,600 $6,500 $7,112

Top Counties Near Monmouth

There are a total of 32 counties located by Monmouth, NJ. Some of these counties include Burlington, NJ, Essex, NJ, and Mercer, NJ. The average rent for rentals in these counties is $2,875. That's roughly around $32 per sqft. A total of 25 counties have a lower average rent. The county that is the most affordable is Chester, PA. Its average rent per month is $1,302. Vice versa, with an average rent of $5,400, Manhattan, New York, NY is the most expensive county by Monmouth, NJ.

Typically, rent for studios in Monmouth, NJ is 18.67% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Monmouth, NJ is 9.64% more expensive than other counties nearby. Finally, rent for two bedrooms in Monmouth, NJ is 18.90% more expensive than other counties nearby. We've listed the top 10 counties in the table below.
County Studio 1 Bed 2 Bed All
Burlington, NJ $1,250 $1,600 $2,123 $2,400
Essex, NJ $1,599 $1,963 $2,400 $2,400
Mercer, NJ $1,800 $2,100 $2,400 $2,600
Union, NJ N/A $1,923 $2,425 $2,650
Hudson, NJ $2,222 $2,456 $2,750 $2,650
Middlesex, NJ $1,550 $1,900 $2,500 $2,750
Somerset, NJ N/A $2,188 $2,500 $3,000
Ocean, NJ $4,000 $1,950 $2,450 $3,600
Queens, New York, NY $3,350 $3,400 $4,100 $3,644
Brooklyn, New York, NY $3,500 $4,100 $5,196 $4,250

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 $4,988. A total of 8 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 $1,675 per month. In comparison, the zipcode with the most expensive average rent of $8,295 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,611. That's at least $96 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Monmouth, NJ is $4,500 per month. Or in other words, $84 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,295 per month. Which comes out to $81 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 $3,825 $4,700 $6,448 $5,000
10019, New York, NY $3,875 $4,695 $7,035 $5,000
10003, New York, NY $4,300 $5,400 $6,495 $5,650
10009, New York, NY $3,175 $4,495 $5,995 $5,995
10038, New York, NY $3,995 $5,345 $6,999 $5,592
11201, New York, NY $3,611 $4,500 $6,295 $4,860
10025, New York, NY $3,375 $4,450 $6,095 $4,700
10022, New York, NY $3,825 $5,400 $6,643 $5,650
10036, New York, NY $3,895 $5,000 $7,502 $5,295
10017, New York, NY $4,000 $5,200 $9,325 $5,935

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 $3,700. 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 $2,310. There are a total of 19 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 $2,400. There are a total of 236 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 $3,175 and an average price per square feet of $27.07. There are a total of 419 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 0.21%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by 0.03%, 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 $2,960/month. You can search for these reasonably priced rental listings on RentHop.
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