Merchantville, NJ Rental Market Trends
Last updated: April 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Merchantville is $1,709, a 2.32% increase compared to the previous year, when the average rent was $1,670.
Studio Apartments at $1,358 offer the most budget-friendly option with 502 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 712 square feet for $1,687, balancing privacy and affordability.
Two-beedroom units at $1,856 offer 915 square feet, perfect for roommates or small families.
Average rent in Merchantville, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,709 | 762 sq. ft. |
| Studio | $1,358 | 502 sq. ft. |
| 1 Bed | $1,687 | 712 sq. ft. |
| 2 Beds | $1,856 | 915 sq. ft. |
| 3 Beds | n/a | n/a |
Merchantville, NJ rent trends
Rental prices in Merchantville, NJ have increased by 2.32% over the past year. The average rent moved from $1,670 to $1,709.
What's the typical rent budget in Merchantville, NJ?
The largest share of rentals in Merchantville, NJ (54%) 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 Merchantville, NJ?
569 or 38% of the households in Merchantville, NJ are renter-occupied while 932 or 62% are owner-occupied.
How Merchantville Compares to Other Cities
| City | Average Rent |
|---|---|
| Merchantville | $1,709 |
| Jersey City | $3,687 |
| Jersey Shore | $2,159 |
| Newark | $1,729 |
| East Orange | $1,899 |
| Bayonne | $2,576 |
| Paterson | $1,734 |
| Elizabeth | $1,868 |
| Hoboken | $4,492 |
| Camden | $1,453 |
| Rahway | $2,445 |
| Philadelphia, PA | $2,002 |
| Cherry Hill | $2,244 |
| Marlton, NJ | $2,192 |
| Elkins Park, PA | $1,549 |
| Woodbury, NJ | $2,055 |
| Haddon Township, NJ | $2,136 |
| Mount Laurel, NJ | $2,305 |
| Bala Cynwyd, PA | $2,399 |
| Maple Shade, NJ | $1,757 |
| Oaklyn, NJ | $1,559 |
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 Merchantville 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.