Average Rent in Montclair, NJ

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Current Versus Historical Montclair, NJ Rents

Montclair rentals average $2,000 for a studio rental to $4,519 for a 4-bedroom rental. The median price of all currently available listings is $2,900, or roughly $2 per square feet.
For the apartment units and housing in March 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $164 (-7.74%) year-over-year from $2,113 to $1,949. 1-bedroom rentals prices have increased by $81 (4.00%) year-over-year from $2,019 to $2,100. 2-bedroom rentals prices have decreased by $91 (-3.23%) year-over-year from $2,816 to $2,725. 3-bedroom rentals prices have decreased by $204 (-4.69%) year-over-year from $4,358 to $4,154. 4-bedroom rentals prices have increased by $208 (4.07%) year-over-year from $5,093 to $5,300. 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 37.61% this month. 1-bedroom rents have gone down by 3.63% this month. 2-bedroom rents have gone up by 0.15% this month. 3-bedroom rents have gone up by 0.06% this month. 4-bedroom rents have gone down by 4.50% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $1,949 $2,113 (-7.74%) $1,925 (1.25%)
1 BR N/A $2,100 $2,019 (4.00%) $1,870 (12.30%)
2 BR N/A $2,725 $2,816 (-3.23%) $2,075 (31.33%)
3 BR $2.38 $4,154 $4,358 (-4.69%) $2,704 (53.61%)
4+ BR N/A $5,300 $5,093 (4.07%) $3,548 (49.40%)

Historical Rents in Montclair, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Montclair

There are a total of 4 cities nearby Montclair. The average rent in Montclair is currently $2,300 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that Paterson, NJ, with an average rent of $2,150, is the most affordable city nearby. In contrast, the most expensive city near Montclair, NJ is Clifton, NJ. Monthly rents here are on average $2,450 per month.

Let's compare Montclair, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Montclair, NJ is 11.23% more expensive than other cities nearby. One bedrooms are about 0.96% more expensive. Two bedrooms in Montclair, NJ are about 21.43% more expensive. Finally, rent for three bedrooms are about 51.78% more expensive. Want more information? Check out the top 4 cities near Montclair, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Paterson, NJ $1,850 $1,800 $2,000 $2,150
East Orange, NJ $1,700 $1,963 $2,500 $2,300
Newark, NJ $2,250 $2,097 $2,100 $2,300
Clifton, NJ N/A $1,900 $2,300 $2,450

Top Neighborhoods Near Montclair



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Montclair

The average rent for rentals in these counties is $2,500. That's roughly around $3 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Essex, NJ. It's average rent per month is $2,500. Vice versa, with an average rent of $2,500, Essex, NJ is the most expensive county by Montclair, NJ.

Typically, rent for studios in Montclair, NJ is 1.23% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Montclair, NJ is on par with the other counties nearby. Finally, rent for two bedrooms in Montclair, NJ is 11.70% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Essex, NJ $1,975 $1,950 $2,473 $2,500

Top Zipcodes Near Montclair

There are a total of 3 zipcodes in or near Montclair, NJ. The average rent for all of these zipcodes is $2,400. 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 07103, Newark, NJ at $2,339 per month. In comparison, the zipcode with the most expensive average rent of $2,985 per month is 07042, Essex County, NJ.

Studios in these zipcodes have an average rent of $1,901. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Montclair, NJ is $1,975 per month. Meanwhile, two bedroom apartments will cost you an average of $2,695 per month. The following chart includes the top 3 zipcodes in Montclair, NJ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
07042, Essex County, NJ $2,050 $1,975 $2,800 $2,985
07003, Essex County, NJ $1,650 $1,775 $2,495 $2,400
07103, Newark, NJ $1,901 $2,098 $2,695 $2,339

Frequently Asked Questions - Montclair Average Rents

What is the average rent price in Montclair, NJ?
The average monthly rental price for Montclair, NJ apartments for rent is approximately $2,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Montclair, 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 Montclair, NJ.
How much is a studio apartment in Montclair, NJ?
The average monthly rental price for studio apartments is $2,000 and an average price per square feet of $0. There are a total of 4 studio apartment listings currently available for rent in Montclair.
How much is a one bedroom apartment in Montclair, NJ?
The average monthly rental price for one bedroom apartments is $1,950 and an average price per square feet of $0. There are a total of 11 one bedroom apartment listings currently available for rent in Montclair.
How much is a two bedroom apartment in Montclair, NJ?
The average monthly rental price for two bedroom apartments is $2,800 and an average price per square feet of $0. There are a total of 25 two bedroom apartment listings currently available for rent in Montclair.
How have rent prices in Montclair, NJ changed this year?
Rent prices for rentals in Montclair, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by -0.05% year-over-year.
What is a reasonable rent price in Montclair, NJ?
A reasonable rent price in Montclair, NJ is around $2,320/month. You can search for these reasonably priced rental listings on RentHop.
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