Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Mount Laurel, NJ Rental Market Trends
What is the average rent in Mount Laurel?
The average rent for an apartment in Mount Laurel is $2,042. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Mount Laurel, NJ
Last updated May 2022
| Average Rent | Average Apartment Size |
|---|---|
| $2,042 | 1,047 sq. ft. |
What is the average apartment size in Mount Laurel?
The average size for a Mount Laurel, NJ apartment is 1,047 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.
Mount Laurel, NJ Apartment Rent Ranges
Mount Laurel, NJ Occupied Housing Units
6,101 or 34% of the households in Mount Laurel, NJ are renter-occupied while 11,393 or 65% are owner-occupied.
Mount Laurel, NJ Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | May / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Mount Laurel, NJ | $1,547 | $1,646 | $1,628 | $1,631 | $1,662 | $1,751 | $1,756 | $1,915 | $2,018 | $2,042 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Mount Laurel Compares to Other Cities
| City | Average Rent |
|---|---|
| Philadelphia | $1,812 |
| Jersey Shore | $1,805 |
| Jersey City | $3,153 |
| Hoboken | $3,739 |
| Newark | $1,357 |
| East Orange | $1,513 |
| Elizabeth | $1,521 |
| Trenton | $1,454 |
| Camden | $1,147 |
| Long Branch | $2,465 |
| Princeton | $2,834 |
| King of Prussia | $1,948 |
| Marlton | $1,847 |
| West Chester | $1,852 |
| Cherry Hill | $1,912 |
| Haddon Township | $1,906 |
| New Brunswick | $2,142 |
| Collingswood | $1,906 |
| Maple Shade | $1,656 |
| Medford | $1,861 |
| Mount Laurel | $2,042 |
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 Mount Laurel 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.