Average Rent Prices in New Jersey (NJ)
$2,2121
Average
$1,5891
Studio
$1,7311
1BR
$2,0991
2BR
$2,6531
3BR
$2,9851
4BR
🪄 RentalRealEstate Quick Answer
New Jersey’s average fair market rent is $2,212/month, ranking 4th among US states highest rent prices and 42.55% above the $1,551 national average. This page covers New Jersey’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in New Jersey is $2,212. Average rent prices in New Jersey sit well above the national average rent of $1,551, in which New Jersey ranks as the the 4th highest rent among all 50 states and the 47th lowest rent among all 50 states within the United States. In New Jersey’s large metropolitan areas such as Jersey City, NJ, the average rent prices tend to be higher, while alternative areas such as Toms River, NJ, can provide more affordable options.
New Jersey (NJ) National Rent Rankings
4th
Highest Rent Among 50 States
47th
Lowest Rent Among 50 States
Above
The National Rent Average
$660
Per Month Above National Rent Average
42.55%
Per Month Above National Rent Average
Average Rent Prices in New Jersey (NJ) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in New Jersey (NJ) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Atlantic City-Hammonton, NJ HUD Metro FMR Area | 1346 | 1537 | 1867 | 2586 | 2851 |
| 2 | Bergen-Passaic, NJ HUD Metro FMR Area | 1778 | 2024 | 2324 | 2835 | 3618 |
| 3 | Cape May County, NJ HUD Metro FMR Area | 1320 | 1366 | 1792 | 2396 | 2405 |
| 4 | Jersey City, NJ HUD Metro FMR Area | 2407 | 2458 | 2763 | 3367 | 3955 |
| 5 | Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area | 1804 | 1978 | 2486 | 2981 | 3296 |
| 6 | Monmouth-Ocean, NJ HUD Metro FMR Area | 1676 | 1889 | 2328 | 3043 | 3371 |
| 7 | Newark, NJ HUD Metro FMR Area | 1612 | 1822 | 2205 | 2761 | 3137 |
| 8 | Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA | 1397 | 1520 | 1810 | 2170 | 2423 |
| 9 | Trenton-Princeton, NJ MSA | 1344 | 1545 | 1950 | 2338 | 2670 |
| 10 | Vineland, NJ MSA | 1280 | 1375 | 1673 | 2303 | 2311 |
| 11 | Warren County, NJ HUD Metro FMR Area | 1517 | 1527 | 1895 | 2404 | 2800 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2026.
Year-Over-Year Changes in New Jersey (NJ) Rent Prices
9.13%
or
$185
Year-Over-Year Increase
$2,0271
2025 Average Historical Rent Price
$2,2121
2026 Average Current Rent Price
$2,4141
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
New Jersey (NJ) Rental Real Estate Resources
New Jersey Rental Property Management
New Jersey rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
New Jersey Rental Property Insurance
New Jersey landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
New Jersey Rental Property Loans
New Jersey rental property loans offer investors access to financing for purchasing, refinancing, or upgrading properties in a state noted for its proximity to major metros and diverse rental markets.
New Jersey Rental Lease Agreements
New Jersey residential rental agreement templates provide a standardized format for outlining the terms of a rental arrangement, including rent, lease duration, and the responsibilities of both landlords and tenants.
The #1 Rental Property Newsletter
Once a month, we send out an exclusive Rental Property Market Update with top stories, current mortgage rates, building products, and more. No spam and unsubscribe anytime.
New Jersey (NJ) Rent Price Calculators
Need help with rent-related math? Use our rental property calculators to handle everything from price adjustments to fee calculations in just a few clicks.
Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
Search Rental Real Estate
Try searching our site for hundreds of rental property topics including loans, investor tool reviews, real estate companies, property management tips and more.
Average Rent in the United States
Average rent prices across the United States provide excellent insights into highs, lows, and emerging market trends.
Cheapest Rent in the United States
The cheapest rent in the U.S. is an appealing topic for thrifty tenants and investors seeking lower price point properties.
Most Expensive Rent in the United States
It’s no secret that rent prices have been continually on the rise, but where are rents really the highest in the United States?
Rental Property Rent Payments
Rent payments are the financial lifeblood for rental properties, but require fair and competitive pricing and effective collections.
Rental Property Investing
Rental property investing is a powerful and time-tested way to generate cashflow and build long term wealth through real estate.
Real Estate Investor Tools
Real estate investor tools enable investors to analyze, manage, and effectively optimize their rental properties and portfolio.
1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.