No rentals found near Silver Lake, Essex County, NJ

The average rent in Silver Lake, Essex County, NJ is $1,845.

In Silver Lake 43% of the housing is rented out compared to 57% of homes are owned, according to the most recent Census Bureau estimates. 12% of Silver Lake's apartments are found in large buildings of 50 units or more, 73% are located in smaller apartment complexes with less than 50 units, and 15% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Silver Lake are about 51 years old, on average. Of these, 29% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 68% of the rental communities here are low-rise, garden-style communities, 36% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Silver Lake are around 3% of rentals, while 1-bedroom floor plans represent 76% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 21% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.