Montvale, NJ Rental Market Trends
Last updated: October 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Montvale is $3,909, a 42.06% increase compared to the previous year, when the average rent was $2,752.
One-bedroom apartments provide 714 square feet for $2,757, balancing privacy and affordability.
Two-beedroom units at $5,132 offer 1,087 square feet, perfect for roommates or small families.
Average rent in Montvale, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,909 | 895 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,757 | 714 sq. ft. |
| 2 Beds | $5,132 | 1,087 sq. ft. |
| 3 Beds | n/a | n/a |
Montvale, NJ rent trends
Rental prices in Montvale, NJ have increased by 42.06% over the past year. The average rent moved from $2,752 to $3,909.
What's the typical rent budget in Montvale, NJ?
The largest share of rentals in Montvale, NJ (63%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Montvale, NJ?
490 or 16% of the households in Montvale, NJ are renter-occupied while 2,596 or 84% are owner-occupied.
How Montvale Compares to Other Cities
| City | Average Rent |
|---|---|
| Montvale | $3,909 |
| 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 |
| Dumont | $2,325 |
| Fair Lawn | $2,748 |
| New Milford | $1,905 |
| Hawthorne | $2,517 |
| Franklin Lakes | $3,349 |
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 Montvale 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.