New Providence, 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 New Providence is $2,250, a 5.66% increase compared to the previous year, when the average rent was $2,129.
One-bedroom apartments provide 521 square feet for $2,018, balancing privacy and affordability.
Two-beedroom units at $2,534 offer 856 square feet, perfect for roommates or small families.
Average rent in New Providence, NJ
Last updated: October 20, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,250 | 673 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,018 | 521 sq. ft. |
| 2 Beds | $2,534 | 856 sq. ft. |
| 3 Beds | n/a | n/a |
New Providence, NJ rent trends
Rental prices in New Providence, NJ have increased by 5.66% over the past year. The average rent moved from $2,129 to $2,250.
What's the typical rent budget in New Providence, NJ?
The largest share of rentals in New Providence, NJ (57%) 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 New Providence, NJ?
806 or 17% of the households in New Providence, NJ are renter-occupied while 3,890 or 83% are owner-occupied.
How New Providence 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 |
| Roselle Park | $2,045 |
| Caldwell | $2,095 |
| Garwood | $3,207 |
| Metuchen | $3,029 |
| South Plainfield | $2,532 |
| Middlesex | $2,310 |
| Roseland | $3,279 |
| New Providence | $2,250 |
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 New Providence 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.