New Jersey Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New Jersey is $2,420, a 2.66% increase compared to the previous year, when the average rent was $2,357.
Studio Apartments at $1,989 offer the most budget-friendly option with 496 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 748 square feet for $2,161, balancing privacy and affordability.
Two-beedroom units at $2,736 offer 1,044 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,365 sq ft) for $3,647, suitable for larger households.
Average rent in New Jersey
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,420 | 869 sq. ft. |
| Studio | $1,989 | 496 sq. ft. |
| 1 Bed | $2,161 | 748 sq. ft. |
| 2 Beds | $2,736 | 1,044 sq. ft. |
| 3 Beds | $3,647 | 1,365 sq. ft. |
New Jersey rent trends
What's the typical rent budget in New Jersey?
The largest share of rentals in New Jersey (30%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in New Jersey?
1,262,873 or 36% of the households in New Jersey are renter-occupied while 2,215,482 or 64% are owner-occupied.
How New Jersey Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,315 | 992 sq. ft. |
| Arizona | $1,572 | 861 sq. ft. |
| Arkansas | $1,131 | 895 sq. ft. |
| California | $2,634 | 854 sq. ft. |
| Colorado | $1,853 | 876 sq. ft. |
| Connecticut | $2,117 | 894 sq. ft. |
| Delaware | $1,682 | 920 sq. ft. |
| District of Columbia | $2,529 | 746 sq. ft. |
| Florida | $1,973 | 981 sq. ft. |
| Georgia | $1,640 | 1,024 sq. ft. |
| Idaho | $1,655 | 926 sq. ft. |
| Illinois | $2,035 | 837 sq. ft. |
| Indiana | $1,312 | 907 sq. ft. |
| Iowa | $1,253 | 907 sq. ft. |
| Kansas | $1,307 | 909 sq. ft. |
| Kentucky | $1,323 | 935 sq. ft. |
| Louisiana | $1,261 | 921 sq. ft. |
| Maryland | $1,886 | 905 sq. ft. |
| Massachusetts | $2,892 | 883 sq. ft. |
| Michigan | $1,392 | 919 sq. ft. |
| Minnesota | $1,631 | 891 sq. ft. |
| Mississippi | $1,310 | 1,006 sq. ft. |
| Missouri | $1,332 | 901 sq. ft. |
| Montana | $1,862 | 886 sq. ft. |
| Nebraska | $1,337 | 934 sq. ft. |
| Nevada | $1,537 | 908 sq. ft. |
| New Hampshire | $2,181 | 877 sq. ft. |
| New Jersey | $2,420 | 869 sq. ft. |
| New Mexico | $1,411 | 831 sq. ft. |
| New York | $2,341 | 891 sq. ft. |
| North Carolina | $1,555 | 976 sq. ft. |
| North Dakota | $1,156 | 966 sq. ft. |
| Ohio | $1,328 | 901 sq. ft. |
| Oklahoma | $1,070 | 859 sq. ft. |
| Oregon | $1,770 | 844 sq. ft. |
| Pennsylvania | $1,790 | 891 sq. ft. |
| Rhode Island | $2,197 | 917 sq. ft. |
| South Carolina | $1,618 | 1,014 sq. ft. |
| South Dakota | $1,179 | 912 sq. ft. |
| Tennessee | $1,531 | 950 sq. ft. |
| Texas | $1,454 | 890 sq. ft. |
| Utah | $1,627 | 925 sq. ft. |
| Virginia | $1,977 | 924 sq. ft. |
| Washington | $2,040 | 830 sq. ft. |
| Wisconsin | $1,582 | 919 sq. ft. |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all New Jersey apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.