Somerset, NJ Rental Market Trends
What is the average rent in Somerset?
The average rent for an apartment in Somerset is $1,805, a 4% increase compared to the previous year, when the average rent was $1,733.
Average Rent in Somerset, NJ
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,805||4%||909 sq. ft.|
What is the average apartment size in Somerset?
The average size for a Somerset, NJ apartment is 909 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.
Somerset, NJ Apartment Rent Ranges
Somerset, NJ Occupied Housing Units
3,192 or 35% of the households in Somerset, NJ are renter-occupied while 5,883 or 64% are owner-occupied.
Somerset, NJ Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Sep / 2021|
How Somerset Compares to Other Cities
|Average Rent||Y-o-Y Change|
|New York City||$3,609||-5%|