Average Rent in New Jersey

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Current Versus Historical New Jersey Rents

New Jersey rentals average $1,798 for a studio rental to $4,900 for a 4-bedroom rental. The median price of all currently available listings is $2,900, or roughly $24 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $902 (-48.05%) year-over-year from $1,877 to $975. 1-bedroom rentals prices have decreased by $183 (-9.48%) year-over-year from $1,933 to $1,750. 2-bedroom rentals prices have decreased by $312 (-11.93%) year-over-year from $2,612 to $2,300. 3-bedroom rentals prices have decreased by $117 (-3.80%) year-over-year from $3,067 to $2,950. 4-bedroom rentals prices have decreased by $500 (-11.63%) year-over-year from $4,300 to $3,800. 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 down by 32.37% this month. 1-bedroom rents have gone down by 8.70% this month. 2-bedroom rents have gone down by 6.12% this month. 3-bedroom rents have gone down by 6.35% this month. 4-bedroom rents have gone down by 14.29% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$32.06	$975	$1,877 (-48.05%)	$1,833 (-46.82%)
1 BR	$26.72	$1,750	$1,933 (-9.48%)	$1,833 (-4.55%)
2 BR	$24.66	$2,300	$2,612 (-11.93%)	$2,533 (-9.21%)
3 BR	$22.60	$2,950	$3,067 (-3.80%)	$2,933 (0.57%)
4+ BR	$22.90	$3,800	$4,300 (-11.63%)	$4,233 (-10.24%)

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 $2,869 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 $1,295, is the most affordable city nearby. In contrast, the most expensive city near New Jersey is Spring Lake, NJ. Monthly rents here are on average $11,000 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 24.17% more expensive than other cities nearby. One bedrooms are about 4.88% more affordable. Two bedrooms in New Jersey are about 7.00% more affordable. Finally, rent for three bedrooms are about 1.92% 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	$1,401	$1,725	$1,895	$1,800
Trenton, NJ	$975	$1,300	$1,825	$2,000
Glassboro, NJ	N/A	$1,550	$1,750	$2,550
Toms River, NJ	N/A	$3,000	$2,600	$3,350
Belmar, NJ	N/A	$2,750	$2,800	$3,500
Dover Beaches South, NJ	N/A	$2,000	$3,150	$4,000
Manasquan, NJ	N/A	$2,700	$3,750	$4,500
Lavallette, NJ	N/A	$1,750	$2,930	$4,800
Point Pleasant Beach, NJ	N/A	$2,000	$2,000	$5,250
Spring Lake, NJ	N/A	$2,650	$4,000	$11,000

Top Neighborhoods Near New Jersey

There are a total of 131 neighborhoods in or near New Jersey. Some of these neighborhoods include North Philadelphia West, North Philadelphia East, and Avenue of the Arts South. We've included the top 30 neighborhoods out of 131 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 $3,100 per month. A total of 60 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than New Jersey's average rent, which is only $2,900. Out of all the neighborhoods in or near New Jersey, Frankford has the most affordable average rent at $1,000 per month. Whereas, at $8,295 average rent per month, Little Italy 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	$1,200	$1,277	$1,500	$1,598
North Philadelphia East, Philadelphia, PA	$1,350	$1,610	$1,750	$1,795
Avenue of the Arts South, Philadelphia, PA	$1,525	$1,984	$3,019	$1,994
Northern Liberties - Fishtown, Philadelphia, PA	$1,426	$1,800	$2,383	$1,995
Fairmount - Art Museum, Philadelphia, PA	$1,522	$1,989	$2,550	$2,095
Center City East, Philadelphia, PA	$1,475	$2,098	$2,835	$2,250
Center City West, Philadelphia, PA	$1,500	$2,248	$3,295	$2,295
Logan Square, Philadelphia, PA	$1,787	$2,578	$3,817	$2,495
Bedford-Stuyvesant, New York, NY	$3,250	$3,353	$3,781	$3,600
Crown Heights, New York, NY	$3,235	$3,500	$4,333	$3,700
Bushwick, New York, NY	$3,138	$3,348	$3,850	$3,888
Harlem, New York, NY	$3,000	$3,400	$3,895	$3,995
East Harlem, New York, NY	$3,299	$3,600	$3,895	$4,200
Long Island City, New York, NY	$3,659	$4,585	$6,506	$4,565
Downtown Brooklyn, New York, NY	$3,650	$4,435	$6,400	$4,580
Murray Hill, New York, NY	$3,925	$4,900	$7,875	$4,795
Upper East Side, New York, NY	$3,275	$4,500	$6,350	$4,795
Hell's Kitchen, New York, NY	$3,660	$4,400	$6,495	$4,855
Greenpoint, New York, NY	$3,645	$4,503	$6,850	$4,900
Williamsburg, New York, NY	$4,096	$4,656	$5,800	$5,000
Upper West Side, New York, NY	$3,500	$4,795	$7,074	$5,000
Financial District, New York, NY	$4,064	$5,300	$7,105	$5,195
Midtown East, New York, NY	$3,900	$5,000	$7,300	$5,350
Midtown, New York, NY	$4,045	$4,950	$7,403	$5,400
Kips Bay, New York, NY	$3,938	$4,795	$6,649	$5,495
Greenwich Village, New York, NY	$4,600	$6,250	$7,500	$5,625
Hudson Yards, New York, NY	$4,225	$5,625	$8,150	$5,650
West Village, New York, NY	$4,500	$5,850	$7,495	$5,950
East Village, New York, NY	$3,950	$4,295	$6,495	$5,995
Chelsea, New York, NY	$4,494	$6,035	$9,500	$6,035

Top Counties Near New Jersey

There are a total of 49 counties located by New Jersey. Some of these counties include Philadelphia, PA, Atlantic, NJ, and Gloucester, NJ. The average rent for rentals in these counties is $2,765. That's roughly around $26 per sqft. A total of 29 counties have a lower average rent. The county that is the most affordable is Scranton, PA. Its average rent per month is $1,295. Vice versa, with an average rent of $28,000, Southampton, NY is the most expensive county by New Jersey.

Typically, rent for studios in New Jersey is 6.82% more expensive than other counties nearby. In comparison, rent for one bedroom listings in New Jersey is 1.38% more expensive than 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
Philadelphia, PA	$1,401	$1,725	$1,895	$1,800
Atlantic, NJ	$938	$1,500	$2,200	$2,200
Gloucester, NJ	N/A	$1,495	$1,900	$2,300
Camden, NJ	$1,448	$1,500	$2,000	$2,350
Burlington, NJ	$1,325	$1,637	$2,200	$2,500
Mercer, NJ	$1,037	$1,850	$2,400	$2,595
Middlesex, NJ	$1,550	$1,900	$2,500	$2,750
Lower Merion, PA	$1,375	$1,955	$2,590	$2,795
Monmouth, NJ	$2,225	$2,390	$3,100	$3,550
Ocean, NJ	$4,000	$1,900	$2,400	$3,700

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 $4,749. 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 19144, Philadelphia, PA at $1,492 per month. In comparison, the zipcode with the most expensive average rent of $8,396 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,595. That's at least $86 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New Jersey is $4,498 per month. Or in other words, $85 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,415 per month. Which comes out to $81 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	$3,925	$4,995	$7,400	$5,295
10019, New York, NY	$3,858	$4,644	$7,035	$4,995
10003, New York, NY	$4,300	$5,500	$6,495	$5,950
10009, New York, NY	$3,378	$4,495	$6,335	$6,255
19103, Philadelphia, PA	$1,762	$2,395	$3,707	$2,375
10038, New York, NY	$3,955	$5,345	$7,000	$5,395
19104, Philadelphia, PA	$1,298	$1,495	$1,882	$1,675
11201, New York, NY	$3,650	$4,500	$6,495	$4,797
10025, New York, NY	$3,400	$4,442	$5,975	$4,656
11101, New York, NY	$3,700	$4,600	$6,503	$4,570

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 $2,900. 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 $1,798 and an average price per square feet of $32.06. There are a total of 112 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 $2,000 and an average price per square feet of $26.72. There are a total of 1,068 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 $24.66. There are a total of 2,234 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 -0.48%, one bedroom rental prices have changed by -0.09%, two bedroom rental prices have changed by -0.12%, three bedroom rental prices have changed by -0.04% year-over-year.

What is a reasonable rent price in New Jersey?

A reasonable rent price in New Jersey is around $2,320/month. You can search for these reasonably priced rental listings on RentHop.