Elmwood Park, 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 Elmwood Park is $2,451, a 2.53% decrease compared to the previous year, when the average rent was $2,515.
One-bedroom apartments provide 781 square feet for $2,343, balancing privacy and affordability.
Two-beedroom units at $2,469 offer 862 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (821 sq ft) for $2,963, suitable for larger households.
Average rent in Elmwood Park, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,451 | 821 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,343 | 781 sq. ft. |
| 2 Beds | $2,469 | 862 sq. ft. |
| 3 Beds | $2,963 | 821 sq. ft. |
Elmwood Park, NJ rent trends
Rental prices in Elmwood Park, NJ have decreased by 2.53% over the past year. The average rent moved from $2,515 to $2,451.
What's the typical rent budget in Elmwood Park, NJ?
The largest share of rentals in Elmwood Park, NJ (52%) 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 Elmwood Park, NJ?
3,041 or 43% of the households in Elmwood Park, NJ are renter-occupied while 4,097 or 57% are owner-occupied.
How Elmwood Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Elmwood Park | $2,451 |
| 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 |
| East Rutherford | $2,698 |
| Hasbrouck Heights | $1,809 |
| Lodi | $2,046 |
| Fair Lawn | $2,847 |
| Little Ferry | $1,781 |
| New Milford | $1,914 |
| Bergenfield | $2,190 |
| Palisades Park | $2,096 |
| River Edge | $2,206 |
| Maywood | $2,089 |
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 Elmwood Park 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.