Average Rent in New Jersey

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Current Versus Historical New Jersey Rents

New Jersey rentals average $1,650 for a studio rental to $4,500 for a 4-bedroom rental. The median price of all currently available listings is $2,800, or roughly $24 per square feet.

For the apartment units and housing in August 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $71 (3.98%) year-over-year from $1,779 to $1,850. 1-bedroom rentals prices have increased by $27 (1.38%) year-over-year from $1,933 to $1,960. 2-bedroom rentals prices have decreased by $145 (-5.48%) year-over-year from $2,645 to $2,500. 3-bedroom rentals prices have increased by $133 (4.35%) year-over-year from $3,067 to $3,200. 4-bedroom rentals prices have increased by $267 (6.30%) year-over-year from $4,233 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 9.47% this month. 1-bedroom rents have gone down by 0.51% this month. 2-bedroom rents have gone down by 0.66% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 1.46% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$41.91	$1,850	$1,779 (3.98%)	$1,833 (0.91%)
1 BR	$28.13	$1,960	$1,933 (1.38%)	$1,817 (7.89%)
2 BR	$24.67	$2,500	$2,645 (-5.48%)	$2,533 (-1.32%)
3 BR	$22.35	$3,200	$3,067 (4.35%)	$2,917 (9.71%)
4+ BR	$22.29	$4,500	$4,233 (6.30%)	$4,000 (12.50%)

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 $2,758 per month. A total of 20 cities nearby have an average rent lower than that. Our records show that Scranton, PA, with an average rent of $1,300, 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 $9,500 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 2.20% more affordable than other cities nearby. One bedrooms are about 5.38% more affordable. Two bedrooms in New Jersey are about 0.20% more affordable. Finally, rent for three bedrooms are about 0.39% more expensive. 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
Camden, NJ	$1,750	$1,500	$1,575	$1,773
Philadelphia, PA	$1,365	$1,725	$1,895	$1,821
Trenton, NJ	$6,000	$1,325	$1,825	$2,000
Ocean Grove, NJ	$1,700	$1,750	$2,400	$2,775
Belmar, NJ	N/A	$2,200	$2,525	$2,900
Toms River, NJ	N/A	$2,350	$2,650	$3,200
Manasquan, NJ	N/A	$2,700	$3,050	$3,750
Lavallette, NJ	N/A	$1,600	$2,930	$4,425
Point Pleasant Beach, NJ	N/A	$1,975	$2,000	$5,000
Spring Lake, NJ	$2,750	$2,250	$5,475	$9,500

Top Neighborhoods Near New Jersey

There are a total of 122 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 122 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 $3,210 per month. A total of 51 neighborhoods have a lower average rent. Interestingly, the neighborhoods' average rent is higher than New Jersey's average rent, which is only $2,800. Out of all the neighborhoods in or near New Jersey, Tioga - Nicetown has the most affordable average rent at $1,313 per month. Whereas, at $8,095 average rent per month, Tribeca 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	$1,208	$1,497	$1,600
North Philadelphia East, Philadelphia, PA	$1,300	$1,798	$1,650	$1,795
Northern Liberties - Fishtown, Philadelphia, PA	$1,361	$1,750	$2,400	$2,000
Fairmount - Art Museum, Philadelphia, PA	$1,551	$1,950	$2,300	$2,100
Center City East, Philadelphia, PA	$1,365	$2,083	$2,795	$2,100
Avenue of the Arts South, Philadelphia, PA	$1,275	$2,064	$2,838	$2,104
Center City West, Philadelphia, PA	$1,639	$2,285	$3,200	$2,304
Logan Square, Philadelphia, PA	$1,832	$2,575	$3,898	$2,578
Bedford-Stuyvesant, New York, NY	$3,250	$3,440	$4,195	$3,793
Crown Heights, New York, NY	$3,110	$3,427	$4,609	$3,800
Bushwick, New York, NY	$3,369	$3,250	$3,850	$3,899
Harlem, New York, NY	$2,929	$3,400	$3,995	$4,000
East Harlem, New York, NY	$3,452	$3,650	$3,695	$4,095
Downtown Brooklyn, New York, NY	$3,620	$4,353	$6,300	$4,423
Long Island City, New York, NY	$3,694	$4,536	$6,683	$4,596
Greenpoint, New York, NY	$3,600	$4,550	$6,877	$4,669
Murray Hill, New York, NY	$4,050	$4,933	$7,995	$4,750
Upper East Side, New York, NY	$3,300	$4,400	$7,595	$4,900
Hell's Kitchen, New York, NY	$3,795	$4,595	$6,400	$4,995
Midtown, New York, NY	$4,013	$4,905	$7,860	$5,026
Financial District, New York, NY	$4,130	$5,390	$7,200	$5,151
Williamsburg, New York, NY	$4,105	$5,050	$5,675	$5,198
Upper West Side, New York, NY	$3,695	$4,834	$7,498	$5,295
Midtown East, New York, NY	$4,095	$5,300	$7,383	$5,300
East Village, New York, NY	$4,100	$4,295	$6,200	$5,500
Kips Bay, New York, NY	$3,995	$4,550	$6,000	$5,520
Hudson Yards, New York, NY	$4,370	$5,495	$8,365	$5,595
Chelsea, New York, NY	$4,550	$5,995	$9,425	$6,000
West Village, New York, NY	$4,650	$5,850	$7,000	$6,004
Greenwich Village, New York, NY	$4,850	$6,875	$8,255	$6,500

Top Counties Near New Jersey

There are a total of 48 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 $2,800. That's roughly around $25 per sqft. A total of 25 counties have a lower average rent. The county that is the most affordable is Scranton, PA. Its average rent per month is $1,300. 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 4.85% more affordable than other counties nearby. In comparison, rent for one bedroom listings in New Jersey is 1.67% more affordable 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	$1,365	$1,725	$1,895	$1,821
Atlantic, NJ	$975	$1,325	$2,000	$2,000
Gloucester, NJ	N/A	$1,500	$1,950	$2,250
Camden, NJ	$1,395	$1,600	$2,000	$2,300
Burlington, NJ	$1,400	$1,560	$2,195	$2,500
Mercer, NJ	$2,650	$1,823	$2,400	$2,700
Middlesex, NJ	$2,000	$1,900	$2,500	$2,700
Lower Merion, PA	N/A	$1,645	$2,600	$2,800
Ocean, NJ	$2,700	$1,800	$2,300	$3,200
Monmouth, NJ	$2,225	$2,250	$2,950	$3,400

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 $4,685. 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 $1,500 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 $3,594. That's at least $91 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near New Jersey is $4,495 per month. Or in other words, $84 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,360 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	$4,050	$4,915	$6,744	$5,472
10019, New York, NY	$3,891	$4,695	$7,150	$4,995
10003, New York, NY	$4,325	$5,600	$6,995	$5,900
10009, New York, NY	$3,423	$4,495	$5,995	$5,625
19103, Philadelphia, PA	$1,787	$2,418	$3,824	$2,445
10038, New York, NY	$3,950	$5,530	$7,059	$5,430
19104, Philadelphia, PA	$1,246	$1,479	$1,923	$1,675
11201, New York, NY	$3,690	$4,398	$6,495	$4,695
10025, New York, NY	$3,500	$4,395	$5,125	$4,750
11101, New York, NY	$3,745	$4,606	$6,609	$4,668

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 $2,800. 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 $1,650 and an average price per square feet of $41.91. There are a total of 110 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 $28.13. There are a total of 1,279 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 $24.67. There are a total of 2,535 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 0.04%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by -0.05%, 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 $2,240/month. You can search for these reasonably priced rental listings on RentHop.