Penns Grove, NJ Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Penns Grove is $1,358, a 2.62% increase compared to the previous year, when the average rent was $1,323.
One-bedroom apartments provide 693 square feet for $1,247, balancing privacy and affordability.
Two-beedroom units at $1,502 offer 885 square feet, perfect for roommates or small families.
Average rent in Penns Grove, NJ
Last updated: November 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,358 | 775 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,247 | 693 sq. ft. |
| 2 Beds | $1,502 | 885 sq. ft. |
| 3 Beds | n/a | n/a |
Penns Grove, NJ rent trends
Rental prices in Penns Grove, NJ have increased by 2.62% over the past year. The average rent moved from $1,323 to $1,358.
What's the typical rent budget in Penns Grove, NJ?
The largest share of rentals in Penns Grove, NJ (81%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Penns Grove, NJ?
952 or 62% of the households in Penns Grove, NJ are renter-occupied while 588 or 38% are owner-occupied.
How Penns Grove Compares to Other Cities
| City | Average Rent |
|---|---|
| Penns Grove | $1,358 |
| Jersey City | $3,786 |
| Jersey Shore | $2,164 |
| Newark | $1,741 |
| East Orange | $1,868 |
| Elizabeth | $1,871 |
| Bayonne | $2,604 |
| Hoboken | $4,577 |
| Paterson | $1,718 |
| Summit | $2,852 |
| Camden | $1,426 |
| Wilmington, DE | $1,696 |
| Newark, DE | $1,681 |
| Chester, PA | $1,159 |
| Bear, DE | $2,000 |
| Glen Mills, PA | $2,449 |
| Ridley Park, PA | $1,386 |
| Marcus Hook, PA | $1,683 |
| New Castle, DE | $1,581 |
| Prospect Park, PA | $1,640 |
| Brookhaven, PA | $1,587 |
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 Penns Grove 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.