What is the average apartment size in Silver Lake?

The average size for a Silver Lake, Essex County, NJ apartment is 708 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Silver Lake?

As of Sep / 2025, the average rent in Silver Lake is $2,143 per month, a 0.88% increase from last year’s average of $2,125.

What is the average apartment size in Silver Lake?

The typical apartment in Silver Lake offers about 708 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Silver Lake, Essex County, NJ Rental Market Trends

Q: What's the typical rent budget in Silver Lake?

The typical rent budget in Silver Lake ranges from $1,501 to $2,000 per month, with 38% of rentals in this range.

Q: Do most people rent or own in Silver Lake?

In Silver Lake, 30% of households rent while 70% own their homes, based on the latest U.S. Census data.

Last updated: October 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Silver Lake is $2,143, a 0.88% increase compared to the previous year, when the average rent was $2,125.

One-bedroom apartments provide 621 square feet for $1,963, balancing privacy and affordability.

Two-beedroom units at $2,649 offer 1,004 square feet, perfect for roommates or small families.

Average rent in Silver Lake, Essex County, NJ

Last updated: October 20, 2025

	Average Rent	Average Apartment Size
All Rentals	$2,143	708 sq. ft.
Studio	n/a	n/a
1 Bed	$1,963	621 sq. ft.
2 Beds	$2,649	1,004 sq. ft.
3 Beds	n/a	n/a

Silver Lake, Essex County, NJ rent trends

Rental prices in Silver Lake, Essex County, NJ have increased by 0.88% over the past year. The average rent moved from $2,125 to $2,143.

What's the typical rent budget in Silver Lake, Essex County, NJ?

The largest share of rentals in Silver Lake, Essex County, NJ (38%) 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 Silver Lake, Essex County, NJ?

652 or 30% of the households in Silver Lake, Essex County, NJ are renter-occupied while 1,555 or 70% are owner-occupied.

Access comprehensive real estate data and information on Yardi Matrix

How Silver Lake Compares to Other Cities

City	Average Rent
Bayonne	$2,633
Hoboken	$4,513
Summit	$2,844
Elizabeth	$1,887
East Orange	$1,832
Paterson	$1,724
Camden	$1,418
Jersey City	$3,768
Newark	$1,746
Jersey Shore	$2,148
Short Hills	$4,046
Silver Lake	$2,143

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 Silver Lake 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.