Average Rent In New Jersey For December 2020
Average Rent
Average $/sqft
What is the average rent in New Jersey?
According to the most recent data from Zillow, the average rent in New Jersey for December 2020 is $1,975. With an averge apartment size of 1,347 sqft, the average price per square foot in New Jersey is $1.466.
Compared to the national average of $1,650, New Jersey rent costs 19.7% more. Read our analysis of rents by state to see how New Jersey ranks.
Here's a look at how average rents have changed over time:
How Does New Jersey Rent Compare To The Rest Of The Country?
Median Rent By Bedrooms In New Jersey
Studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
As you would expect, the median price for rent in New Jersey increases as the number of bedrooms in the unit increases. Studios rent the cheapest in New Jersey clocking in at $1,900, while a four bedroom rental will set you back $2,350 per month.
We think the best deal comes in the form of a two bedroom for $1,885 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $587/room/month.
Read on to find out more or for more on New Jersey check out:
- Best Places To Live In New Jersey
- Cheapest Places To Live In New Jersey
- Most Dangerous Cities In New Jersey
Month Over Month New Jersey Rent Statistics
M-o-M Increase
M-o-M Increase
New Jersey has experienced a $0 change in rent over the past month going from $1,975 to $1,975. That change comes out to 0.0%.
For reference, the US national average rent changed $0 in the past month or 0.0%.
Here's a look at the month over month change for each month since 2010 for New Jersey:
Year Over Year New Jersey Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in New Jersey changed $75 from $1,900 to $1,975. A change of $75 means that rents changed 3.9% in a year.
That compares to the US national change of $5 in the past year or 0.3%.
Here's a look at the year over year change by month since 2011 for New Jersey:
The 10 Places With The Highest Rent In New Jersey
Population: 5,435
Median Rent: $3,401
More on Englewood Cliffs: Real Estate | Data | Photos
Population: 5,031
Median Rent: $3,367
More on Demarest: Real Estate | Data | Photos
Population: 7,648
Median Rent: $2,897
More on Fanwood: Real Estate | Data | Photos
Population: 6,874
Median Rent: $2,772
More on Rumson: Real Estate | Data | Photos
Population: 8,339
Median Rent: $2,610
More on Upper Saddle River: Real Estate | Data | Photos
Population: 10,953
Median Rent: $2,551
More on Franklin Lakes: Real Estate | Data | Photos
Population: 11,792
Median Rent: $2,461
More on Florham Park: Real Estate | Data | Photos
Population: 12,165
Median Rent: $2,426
More on Edgewater: Real Estate | Data | Photos
Population: 5,917
Median Rent: $2,411
More on Little Silver: Real Estate | Data | Photos
Population: 5,907
Median Rent: $2,400
More on Roseland: Real Estate | Data
Learn More About Living In New Jersey
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.
