Average Rent in Monmouth, NJ

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Current Versus Historical Monmouth, NJ Rents

Monmouth rentals average $2,300 for a studio rental to $5,000 for a 4-bedroom rental. The median price of all currently available listings is $3,200, or roughly $29 per square feet.

For the apartment units and housing in October 2026, median rents have risen over the last year. Studio rentals prices have increased by $292 (14.56%) year-over-year from $2,008 to $2,300. 1-bedroom rentals prices have increased by $167 (7.81%) year-over-year from $2,133 to $2,300. 2-bedroom rentals prices have increased by $217 (7.93%) year-over-year from $2,733 to $2,950. 3-bedroom rentals prices have increased by $42 (1.20%) year-over-year from $3,458 to $3,500. 4-bedroom rentals prices have increased by $650 (14.94%) year-over-year from $4,350 to $5,000. 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 15.00% this month. 1-bedroom rents have gone up by 3.76% this month. 2-bedroom rents have gone up by 2.31% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone up by 12.36% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$50.10	$2,300	$2,008 (14.56%)	$1,700 (35.29%)
1 BR	$33.75	$2,300	$2,133 (7.81%)	$2,017 (14.05%)
2 BR	$31.63	$2,950	$2,733 (7.93%)	$2,558 (15.31%)
3 BR	$26.24	$3,500	$3,458 (1.20%)	$3,267 (7.14%)
4+ BR	$23.66	$5,000	$4,350 (14.94%)	$4,050 (23.46%)

Historical Rents in Monmouth, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Monmouth

There are a total of 25 cities nearby Monmouth. The average rent in Monmouth is currently $3,200 per month. A total of 14 cities nearby have an average rent lower than that. Our records show that Bethlehem, PA, with an average rent of $1,795, 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 $11,000 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 30.43% more expensive than other cities nearby. One bedrooms are about 4.35% more affordable. Two bedrooms in Monmouth, NJ are about 1.69% more affordable. Finally, rent for three bedrooms are about 7.14% more expensive. Want more information? Check out the top 10 cities out of 25 total cities near Monmouth, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Keansburg, NJ	N/A	$2,000	$2,400	$2,600
Ocean Grove, NJ	$1,875	$1,900	$2,550	$2,600
Belmar, NJ	$1,600	$2,400	$3,000	$2,800
Toms River, NJ	N/A	$1,899	$2,500	$3,000
Long Branch, NJ	$2,110	$2,450	$3,100	$3,200
Point Pleasant Beach, NJ	N/A	$1,825	$2,200	$3,200
Asbury Park, NJ	$2,475	$2,750	$3,575	$3,300
Red Bank, NJ	$1,800	$2,700	$3,100	$3,450
Oakhurst, NJ	N/A	N/A	$3,500	$3,500
Spring Lake, NJ	N/A	$2,750	$4,000	$11,000

Top Neighborhoods Near Monmouth

There are a total of 107 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 107 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 $3,600 per month. A total of 45 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, Frankford has the most affordable average rent at $1,200 per month. Whereas, at $8,448 average rent per month, Bowery 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	$1,888	$1,669	$1,795
Flatbush, New York, NY	$3,239	$3,250	$3,875	$3,289
Bedford-Stuyvesant, New York, NY	$3,250	$3,400	$4,050	$3,600
Crown Heights, New York, NY	$3,152	$3,490	$4,699	$3,770
Bushwick, New York, NY	$3,200	$3,275	$3,895	$3,899
Harlem, New York, NY	$2,995	$3,250	$3,995	$3,995
East Harlem, New York, NY	$3,340	$3,758	$3,495	$3,995
West Harlem, New York, NY	$2,750	$3,200	$4,568	$4,195
Long Island City, New York, NY	$3,694	$4,464	$6,570	$4,590
Downtown Brooklyn, New York, NY	$3,625	$4,459	$6,250	$4,592
Fort Greene, New York, NY	$3,600	$4,575	$6,879	$4,600
Prospect Heights, New York, NY	$3,593	$4,495	$5,936	$4,600
Greenpoint, New York, NY	$3,705	$4,602	$7,250	$4,630
Williamsburg, New York, NY	$4,021	$4,935	$5,575	$4,917
Murray Hill, New York, NY	$3,775	$5,300	$7,600	$4,956
Hell's Kitchen, New York, NY	$3,800	$4,700	$6,000	$5,000
Financial District, New York, NY	$4,220	$5,345	$6,897	$5,010
Midtown, New York, NY	$4,044	$4,885	$7,550	$5,075
Hudson Yards, New York, NY	$4,200	$5,400	$8,148	$5,250
Upper East Side, New York, NY	$3,500	$4,875	$7,700	$5,250
Lower East Side, New York, NY	$4,508	$4,495	$7,470	$5,312
Midtown East, New York, NY	$3,995	$5,050	$7,895	$5,350
Kips Bay, New York, NY	$4,025	$5,065	$6,178	$5,481
West Village, New York, NY	$5,200	$5,495	$6,950	$5,500
Upper West Side, New York, NY	$3,480	$5,100	$7,995	$5,549
Chelsea, New York, NY	$4,520	$6,097	$9,402	$5,900
East Village, New York, NY	$4,000	$4,750	$5,995	$5,950
Greenwich Village, New York, NY	$4,750	$7,150	$10,762	$6,300
Gramercy Park, New York, NY	$4,600	$6,400	$10,900	$6,995
Tribeca, New York, NY	$5,958	$6,770	$8,295	$7,795

Top Counties Near Monmouth

There are a total of 35 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 $2,927. That's roughly around $39 per sqft. A total of 21 counties have a lower average rent. The county that is the most affordable is Chester, PA. Its average rent per month is $1,429. 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 3.35% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Monmouth, NJ is 7.83% more affordable than other counties nearby. Finally, rent for two bedrooms in Monmouth, NJ is 5.08% 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	$1,400	$1,688	$2,200	$2,500
Essex, NJ	$2,028	$2,225	$2,700	$2,610
Mercer, NJ	$2,443	$2,650	$2,700	$2,730
Middlesex, NJ	$2,800	$2,000	$2,600	$2,800
Somerset, NJ	$2,340	$2,150	$2,725	$2,900
Union, NJ	$2,165	$2,850	$2,800	$2,927
Ocean, NJ	$1,800	$1,800	$2,375	$2,950
Queens, New York, NY	$3,500	$3,745	$4,500	$3,834
Hudson, NJ	$3,856	$4,711	$5,167	$4,258
Brooklyn, New York, NY	$3,525	$4,200	$5,250	$4,266

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 $4,900. A total of 7 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 $1,695 per month. In comparison, the zipcode with the most expensive average rent of $8,800 per month is 10069, New York, NY.

Studios in these zipcodes have an average rent of $3,712. That's at least $94 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Monmouth, NJ is $4,795 per month. Or in other words, $90 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,550 per month. Which comes out to $88 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	$3,950	$5,300	$7,298	$5,390
10019, New York, NY	$3,830	$4,846	$6,550	$5,025
10003, New York, NY	$4,600	$6,450	$6,995	$6,400
10009, New York, NY	$3,418	$5,550	$5,795	$5,795
10038, New York, NY	$4,293	$5,240	$6,855	$5,185
11201, New York, NY	$3,683	$4,500	$6,429	$4,750
10025, New York, NY	$3,295	$4,895	$5,500	$5,260
11101, New York, NY	$3,694	$4,495	$6,575	$4,668
10005, New York, NY	$4,241	$5,500	$7,245	$4,842
10036, New York, NY	$3,900	$4,795	$6,495	$5,250

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 $2,300 and an average price per square feet of $50.10. There are a total of 30 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 $2,300 and an average price per square feet of $33.75. There are a total of 290 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 $2,950 and an average price per square feet of $31.63. There are a total of 496 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 0.15%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by 0.01% 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.