Average Rent in New Jersey

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Current Versus Historical New Jersey Rents

New Jersey rentals average $1,600 for a studio rental to $4,225 for a 4-bedroom rental. The median price of all currently available listings is $2,750, or roughly $25 per square feet.

For the apartment units and housing in October 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $164 (9.84%) year-over-year from $1,662 to $1,825. 1-bedroom rentals prices have increased by $17 (0.84%) year-over-year from $1,983 to $2,000. 2-bedroom rentals prices have decreased by $100 (-3.70%) year-over-year from $2,700 to $2,600. 3-bedroom rentals prices have increased by $167 (5.49%) year-over-year from $3,033 to $3,200. 4-bedroom rentals prices have increased by $409 (10.00%) year-over-year from $4,091 to $4,500. 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 10.61% this month. 1-bedroom rents have gone up by 1.69% this month. 2-bedroom rents have gone up by 3.31% this month. 3-bedroom rents have gone up by 4.35% this month. 4-bedroom rents have gone up by 8.00% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$36.00	$1,825	$1,662 (9.84%)	$1,888 (-3.35%)
1 BR	$30.51	$2,000	$1,983 (0.84%)	$1,825 (9.59%)
2 BR	$26.67	$2,600	$2,700 (-3.70%)	$2,550 (1.96%)
3 BR	$23.34	$3,200	$3,033 (5.49%)	$2,883 (10.98%)
4+ BR	$22.79	$4,500	$4,091 (10.00%)	$3,833 (17.39%)

Historical Rents in New Jersey

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near New Jersey

There are a total of 36 cities nearby New Jersey. The average rent in New Jersey is currently $2,685 per month. A total of 19 cities nearby have an average rent lower than that. Our records show that Scranton, PA, with an average rent of $1,350, is the most affordable city nearby. In contrast, the most expensive city near New Jersey is Fire Island, NY. Monthly rents here are on average $8,000 per month.

Let's compare New Jersey's rent against other top cities nearby by bedroom size. Typically, rent for studios in New Jersey is 0.78% more affordable than other cities nearby. One bedrooms are about 2.59% more expensive. Two bedrooms in New Jersey are about 1.00% more affordable. Finally, rent for three bedrooms are about 3.23% more affordable. Want more information? Check out the top 10 cities out of 36 total cities near New Jersey in the following table.

City	Studio	1 Bed	2 Bed	All
Philadelphia, PA	$1,365	$1,695	$1,825	$1,800
Trenton, NJ	$1,300	$1,600	$1,870	$2,000
Seaside Heights, NJ	$1,325	$1,550	$2,000	$2,068
Princeton Meadows, NJ	$1,719	$1,850	$2,350	$2,300
Belmar, NJ	$1,600	$2,300	$2,750	$2,800
Toms River, NJ	N/A	$1,899	$2,550	$3,000
Point Pleasant Beach, NJ	N/A	$1,750	$2,350	$3,000
Manasquan, NJ	N/A	$2,200	$2,500	$3,750
Lavallette, NJ	N/A	$1,823	$2,800	$4,100
Spring Lake, NJ	$2,300	$2,750	$3,550	$7,600

Top Neighborhoods Near New Jersey

There are a total of 113 neighborhoods in or near New Jersey. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Northern Liberties - Fishtown. We've included the top 30 neighborhoods out of 113 total neighborhoods in or near New Jersey in the following table.

The average rent for these 30 neighborhoods in or near New Jersey is currently around $3,300 per month. A total of 42 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than New Jersey's average rent, which is only $2,750. Out of all the neighborhoods in or near New Jersey, Logan - Ogontz - Fern Rock has the most affordable average rent at $1,375 per month. Whereas, at $8,000 average rent per month, Ocean Beach is the most expensive neighborhood in or near New Jersey. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
North Philadelphia West, Philadelphia, PA	$1,295	$1,200	$1,450	$1,600
North Philadelphia East, Philadelphia, PA	$1,300	$1,900	$1,650	$1,800
Northern Liberties - Fishtown, Philadelphia, PA	$1,398	$1,750	$2,365	$2,030
Fairmount - Art Museum, Philadelphia, PA	$1,516	$1,848	$2,400	$2,098
Avenue of the Arts South, Philadelphia, PA	$1,350	$2,028	$3,028	$2,101
Center City East, Philadelphia, PA	$1,350	$2,125	$2,803	$2,125
Center City West, Philadelphia, PA	$1,480	$2,245	$3,670	$2,290
Logan Square, Philadelphia, PA	$1,826	$2,465	$3,948	$2,578
Bedford-Stuyvesant, New York, NY	$3,225	$3,392	$4,275	$3,600
Crown Heights, New York, NY	$2,934	$3,449	$4,756	$3,800
Bushwick, New York, NY	$3,225	$3,700	$3,895	$3,900
Harlem, New York, NY	$2,950	$3,222	$3,900	$3,980
East Harlem, New York, NY	$3,293	$3,742	$3,495	$3,997
Downtown Brooklyn, New York, NY	$3,576	$4,374	$6,471	$4,495
Greenpoint, New York, NY	$3,690	$4,568	$6,877	$4,565
Long Island City, New York, NY	$3,694	$4,500	$6,575	$4,595
Murray Hill, New York, NY	$3,925	$5,375	$7,600	$5,000
Midtown, New York, NY	$4,000	$4,750	$7,550	$5,000
Hell's Kitchen, New York, NY	$3,770	$4,800	$6,200	$5,000
Williamsburg, New York, NY	$4,059	$5,018	$5,832	$5,200
Midtown East, New York, NY	$3,875	$4,995	$7,900	$5,250
Financial District, New York, NY	$4,152	$5,460	$7,700	$5,275
Upper East Side, New York, NY	$3,450	$4,750	$8,200	$5,295
Kips Bay, New York, NY	$3,850	$4,745	$5,845	$5,495
Hudson Yards, New York, NY	$4,370	$5,545	$7,995	$5,598
Upper West Side, New York, NY	$3,450	$5,112	$7,900	$5,600
West Village, New York, NY	$5,100	$5,500	$6,950	$5,995
East Village, New York, NY	$3,495	$4,395	$5,995	$5,995
Chelsea, New York, NY	$4,400	$6,250	$10,095	$6,095
Greenwich Village, New York, NY	$4,800	$6,450	$11,395	$6,300

Top Counties Near New Jersey

There are a total of 49 counties located by New Jersey. Some of these counties include Atlantic, NJ, Philadelphia, PA, and Gloucester, NJ. The average rent for rentals in these counties is $2,800. That's roughly around $27 per sqft. A total of 22 counties have a lower average rent. The county that is the most affordable is Scranton, PA. Its average rent per month is $1,350. Vice versa, with an average rent of $25,000, Southampton, NY is the most expensive county by New Jersey.

Typically, rent for studios in New Jersey is 1.56% more affordable than other counties nearby. In comparison, rent for one bedroom listings in New Jersey is on par with the other counties nearby. Finally, rent for two bedrooms in New Jersey is on par with the other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Atlantic, NJ	$975	$1,499	$2,000	$1,800
Philadelphia, PA	$1,365	$1,695	$1,825	$1,800
Gloucester, NJ	N/A	$1,562	$2,000	$2,300
Camden, NJ	$1,100	$1,560	$2,000	$2,350
Lower Merion, PA	$1,375	$1,720	$2,500	$2,498
Burlington, NJ	$1,400	$1,600	$2,200	$2,600
Mercer, NJ	$1,750	$1,750	$2,375	$2,650
Middlesex, NJ	$1,850	$1,900	$2,500	$2,800
Ocean, NJ	$1,563	$1,775	$2,400	$2,995
Monmouth, NJ	$2,150	$2,300	$2,950	$3,200

Top Zipcodes Near New Jersey

There are a total of 50 zipcodes in or near New Jersey. The average rent for all of these zipcodes is $4,800. A total of 13 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 19134, Philadelphia, PA at $1,450 per month. In comparison, the zipcode with the most expensive average rent of $7,700 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,596. That's at least $93 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New Jersey is $4,552 per month. Or in other words, $87 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,525 per month. Which comes out to $80 per sqft. The following table includes the top 10 zipcodes in New Jersey. 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	$5,261	$6,734	$5,428
10019, New York, NY	$3,830	$4,800	$6,995	$5,025
10003, New York, NY	$4,500	$5,995	$6,995	$6,000
10009, New York, NY	$3,199	$4,900	$5,995	$5,750
19103, Philadelphia, PA	$1,721	$2,416	$3,750	$2,578
10038, New York, NY	$4,171	$5,500	$8,095	$5,403
19104, Philadelphia, PA	$1,152	$1,400	$1,745	$1,675
11201, New York, NY	$3,629	$4,414	$6,495	$4,713
10025, New York, NY	$3,275	$4,626	$5,400	$5,118
11101, New York, NY	$3,718	$4,536	$6,575	$4,645

Frequently Asked Questions - New Jersey Average Rents

What is the average rent price in New Jersey?

The average monthly rental price for New Jersey apartments for rent is approximately $2,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do New Jersey 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 New Jersey.

How much is a studio apartment in New Jersey?

The average monthly rental price for studio apartments is $1,600 and an average price per square feet of $36.00. There are a total of 189 studio apartment listings currently available for rent in New Jersey.

How much is a one bedroom apartment in New Jersey?

The average monthly rental price for one bedroom apartments is $1,950 and an average price per square feet of $30.51. There are a total of 1,712 one bedroom apartment listings currently available for rent in New Jersey.

How much is a two bedroom apartment in New Jersey?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $26.67. There are a total of 3,485 two bedroom apartment listings currently available for rent in New Jersey.

How have rent prices in New Jersey changed this year?

Rent prices for rentals in New Jersey can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.04%, three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in New Jersey?

A reasonable rent price in New Jersey is around $2,200/month. You can search for these reasonably priced rental listings on RentHop.