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Average Rent in Ocean Grove, NJ

Home  »  NJ  »  Ocean Grove

Current Versus Historical Ocean Grove, NJ Rents

Ocean Grove rentals average $2,750 for a studio rental to $4,375 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $139,817 (-98.55%) year-over-year from $141,867 to $2,050. 1-bedroom rentals prices have decreased by $683 (-28.67%) year-over-year from $2,383 to $1,700. 2-bedroom rentals prices have decreased by $223 (-9.93%) year-over-year from $2,248 to $2,025. 3-bedroom rentals prices have decreased by $175 (-5.47%) year-over-year from $3,200 to $3,025. 4-bedroom rentals prices have decreased by $275 (-6.40%) year-over-year from $4,300 to $4,025. 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 27.22% this month. 1-bedroom rents have gone down by 40.70% this month. 2-bedroom rents have gone down by 16.49% this month. 3-bedroom rents have gone down by 13.78% this month. 4-bedroom rents have gone down by 10.06% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.29 $2,050 $141,867 (-98.55%) $2,711 (-24.39%)
1 BR $1.44 $1,700 $2,383 (-28.67%) $1,517 (12.09%)
2 BR $1.71 $2,025 $2,248 (-9.93%) $2,792 (-27.46%)
3 BR $2.21 $3,025 $3,200 (-5.47%) $2,583 (17.10%)
4+ BR $2.05 $4,025 $4,300 (-6.40%) $5,083 (-20.82%)

Historical Rents in Ocean Grove, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Ocean Grove

There are a total of 2 cities nearby Ocean Grove. The average rent in Ocean Grove is currently $3,837 per month. Our records show that Asbury Park, NJ, with an average rent of $3,650, is the most affordable city nearby. In contrast, the most expensive city near Ocean Grove, NJ is Bradley Beach, NJ. Monthly rents here are on average $4,025 per month.

Let's compare Ocean Grove, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Ocean Grove, NJ is 53.18% more expensive than other cities nearby. One bedrooms are about 45.74% more affordable. Two bedrooms in Ocean Grove, NJ are about 165.34% more affordable. Finally, rent for three bedrooms are about 121.25% more affordable. Want more information? Check out the top 2 cities near Ocean Grove, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Asbury Park, NJ $2,575 $2,475 $4,075 $3,650
Bradley Beach, NJ N/A $2,400 $7,600 $4,025

Top Neighborhoods Near Ocean Grove



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

Top Counties Near Ocean Grove



We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near Ocean Grove

There are a total of 2 zipcodes in or near Ocean Grove, NJ. The average rent for all of these zipcodes is $3,556.

The following chart includes the top 2 zipcodes in Ocean Grove, NJ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
07756, Ocean Grove, NJ $2,750 $1,673 $2,200 $3,000
07720, Bradley Beach, NJ N/A $2,400 $7,600 $4,113

Frequently Asked Questions - Ocean Grove Average Rents

What is the average rent price in Ocean Grove, NJ?
The average monthly rental price for Ocean Grove, NJ apartments for rent is approximately $3,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Ocean Grove, 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 Ocean Grove, NJ.
How much is a studio apartment in Ocean Grove, NJ?
The average monthly rental price for studio apartments is $2,750 and an average price per square feet of $1.29. There are a total of 4 studio apartment listings currently available for rent in Ocean Grove.
How much is a one bedroom apartment in Ocean Grove, NJ?
The average monthly rental price for one bedroom apartments is $1,673 and an average price per square feet of $1.44. There are a total of 20 one bedroom apartment listings currently available for rent in Ocean Grove.
How much is a two bedroom apartment in Ocean Grove, NJ?
The average monthly rental price for two bedroom apartments is $2,200 and an average price per square feet of $1.71. There are a total of 19 two bedroom apartment listings currently available for rent in Ocean Grove.
How have rent prices in Ocean Grove, NJ changed this year?
Rent prices for rentals in Ocean Grove, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.99%, one bedroom rental prices have changed by -0.29%, two bedroom rental prices have changed by -0.10%, and three bedroom rental prices have changed by -0.05% year-over-year.
What is a reasonable rent price in Ocean Grove, NJ?
A reasonable rent price in Ocean Grove, NJ is around $2,400/month. You can search for these reasonably priced rental listings on RentHop.
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