Cherry Hill, NJ Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Cherry Hill is $2,244, a 2.02% increase compared to the previous year, when the average rent was $2,200.
Studio Apartments at $1,653 offer the most budget-friendly option with 577 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 840 square feet for $2,025, balancing privacy and affordability.
Two-beedroom units at $2,405 offer 1,105 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,494 sq ft) for $3,200, suitable for larger households.
Average rent in Cherry Hill, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,244 | 988 sq. ft. |
| Studio | $1,653 | 577 sq. ft. |
| 1 Bed | $2,025 | 840 sq. ft. |
| 2 Beds | $2,405 | 1,105 sq. ft. |
| 3 Beds | $3,200 | 1,494 sq. ft. |
Cherry Hill, NJ rent trends
Rental prices in Cherry Hill, NJ have increased by 2.02% over the past year. The average rent moved from $2,200 to $2,244.
What's the typical rent budget in Cherry Hill, NJ?
The largest share of rentals in Cherry Hill, NJ (39%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Cherry Hill, NJ?
6,569 or 23% of the households in Cherry Hill, NJ are renter-occupied while 22,168 or 77% are owner-occupied.
How Cherry Hill Compares to Other Cities
| City | Average Rent |
|---|---|
| Cherry Hill | $2,244 |
| 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 |
| Marlton | $2,192 |
| Blackwood, NJ | $1,635 |
| Woodbury, NJ | $2,055 |
| Haddon Township, NJ | $2,136 |
| Mount Laurel, NJ | $2,305 |
| Lumberton, NJ | $1,924 |
| Maple Shade, NJ | $1,757 |
| Oaklyn, NJ | $1,559 |
| Clementon, NJ | $1,563 |
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 Cherry Hill 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.