New Jersey Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New Jersey is $2,470, a 1.44% increase compared to the previous year, when the average rent was $2,435.
Studio Apartments at $2,179 offer the most budget-friendly option with 501 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 750 square feet for $2,195, balancing privacy and affordability.
Two-bedroom units at $2,787 offer 1,052 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,385 sq ft) for $3,715, suitable for larger households.
Average rent in New Jersey
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,470 | 874 sq. ft. |
| Studio | $2,179 | 501 sq. ft. |
| 1 Bed | $2,195 | 750 sq. ft. |
| 2 Beds | $2,787 | 1,052 sq. ft. |
| 3 Beds | $3,715 | 1,385 sq. ft. |
New Jersey rent trends
What's the typical rent budget in New Jersey?
The largest share of rentals in New Jersey (27%) 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?
1,268,573 or 36% of the households in New Jersey are renter-occupied while 2,239,128 or 64% are owner-occupied.
How New Jersey Compares to Other States
| State | Average Rent | Average Apartment Size |
|---|---|---|
| Alabama | $1,337 | 994 sq. ft. |
| Arizona | $1,572 | 867 sq. ft. |
| Arkansas | $1,165 | 895 sq. ft. |
| California | $2,685 | 854 sq. ft. |
| Colorado | $1,850 | 878 sq. ft. |
| Connecticut | $2,201 | 899 sq. ft. |
| Delaware | $1,732 | 928 sq. ft. |
| District of Columbia | $2,447 | 746 sq. ft. |
| Florida | $1,998 | 986 sq. ft. |
| Georgia | $1,658 | 1,029 sq. ft. |
| Idaho | $1,708 | 934 sq. ft. |
| Illinois | $2,071 | 841 sq. ft. |
| Indiana | $1,352 | 911 sq. ft. |
| Iowa | $1,262 | 900 sq. ft. |
| Kansas | $1,344 | 909 sq. ft. |
| Kentucky | $1,354 | 936 sq. ft. |
| Louisiana | $1,260 | 917 sq. ft. |
| Maine | $2,087 | 830 sq. ft. |
| Maryland | $1,896 | 908 sq. ft. |
| Massachusetts | $2,857 | 882 sq. ft. |
| Michigan | $1,437 | 920 sq. ft. |
| Minnesota | $1,671 | 896 sq. ft. |
| Mississippi | $1,339 | 1,011 sq. ft. |
| Missouri | $1,376 | 902 sq. ft. |
| Montana | $1,763 | 898 sq. ft. |
| Nebraska | $1,374 | 934 sq. ft. |
| Nevada | $1,573 | 913 sq. ft. |
| New Hampshire | $2,219 | 887 sq. ft. |
| New Jersey | $2,470 | 874 sq. ft. |
| New Mexico | $1,441 | 841 sq. ft. |
| New York | $2,643 | 883 sq. ft. |
| North Carolina | $1,579 | 980 sq. ft. |
| North Dakota | $1,193 | 965 sq. ft. |
| Ohio | $1,367 | 903 sq. ft. |
| Oklahoma | $1,080 | 859 sq. ft. |
| Oregon | $1,756 | 844 sq. ft. |
| Pennsylvania | $1,828 | 890 sq. ft. |
| Rhode Island | $2,224 | 922 sq. ft. |
| South Carolina | $1,655 | 1,017 sq. ft. |
| South Dakota | $1,217 | 912 sq. ft. |
| Tennessee | $1,561 | 956 sq. ft. |
| Texas | $1,453 | 894 sq. ft. |
| Utah | $1,663 | 935 sq. ft. |
| Virginia | $2,016 | 924 sq. ft. |
| Washington | $2,062 | 831 sq. ft. |
| Wisconsin | $1,658 | 927 sq. ft. |
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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.