Cherry Hill, NJ Rental Market Trends
Highlights
The average rent for an apartment in Cherry Hill is $1,484, a 1% increase compared to the previous year, when the average rent was $1,475.
Studio apartments in Cherry Hill rent for $1,102 a month, while 1-bedroom apartments ask on average $1,306 a month; the average rent for a 2-bedroom apartment is $1,480.
Average Rent in Cherry Hill, NJ
Last updated May 2018
| All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| Average Rent | $1,484 | $1,102 | $1,306 | $1,480 | $2,083 |
| Y-o-Y Change | 1% | 4% | -1% | -5% | -9% |
| Average Apartment Size | 970 sq. ft. | 542 sq. ft. | 803 sq. ft. | 1,082 sq. ft. | 1,438 sq. ft. |
The average size for a Cherry Hill apartment is 970 square feet, but this number varies greatly depending on apartment type. A studio averages 542 sq. ft., while a one-bedroom apartment offers a more generous square footage: 803. 2-bedroom apartments in Cherry Hill have an average size of 1,082 sq. ft.
Cherry Hill, NJ Apartment Rent Ranges
- $701-$1,0006%
- $1,001-$1,50052%
- $1,501-$2,00036%
- > $2,0007%
Cherry Hill, NJ Rent Trends
| Average Rent All rentals | Studio | 1 Bed | 2 Beds | 3 Beds | |
|---|---|---|---|---|---|
| May / 2018 | $1,484 | $1,102 | $1,306 | $1,480 | $2,083 |
| Sept / 2017 | $1,474 | $1,088 | $1,317 | $1,567 | $2,139 |
| May / 2017 | $1,479 | $1,060 | $1,347 | $1,558 | $2,128 |
| Jan / 2017 | $1,475 | $1,063 | $1,325 | $1,550 | $2,295 |
| Sept / 2016 | $1,463 | $1,025 | $1,303 | $1,570 | $2,074 |
| May / 2016 | $1,481 | $1,157 | $1,285 | $1,595 | $2,206 |
| Jan / 2016 | $1,433 | $1,077 | $1,269 | $1,526 | $2,118 |
| Sept / 2015 | $1,406 | $1,025 | $1,245 | $1,519 | $1,917 |
| May / 2015 | $1,425 | $1,051 | $1,254 | $1,531 | $2,068 |
| Jan / 2015 | $1,401 | $1,012 | $1,227 | $1,505 | $2,104 |
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How Does Cherry Hill Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Camden | $903 | 4% |
| Haddonfield | $1,079 | 6% |
| Cherry Hill | $1,484 | 1% |
| Cherry Hill Mall | $1,441 | 1% |
| Haddonfield Town | $1,079 | 6% |
| Merchantville | $1,113 | 1% |
| Voorhees | $1,356 | -1% |
| Barrington | $1,035 | -3% |
For more information about the Cherry Hill rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cherry Hill apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.