Somerset, NJ Rental Market Trends
What is the average rent in Somerset?
The average rent for an apartment in Somerset is $2,314. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Somerset, NJ
Last updated February 2025
| Average Rent | Average Apartment Size |
|---|---|
| $2,314 | 876 sq. ft. |
What is the average apartment size in Somerset?
The average size for a Somerset, NJ apartment is 876 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
2,630 or 27% of the households in Somerset, NJ are renter-occupied while 7,130 or 73% are owner-occupied.
Somerset, NJ rent trends
How Somerset Compares to Other Cities
| State | Average Rent |
|---|---|
| Jersey City | $3,694 |
| Jersey Shore | $2,113 |
| Newark | $1,720 |
| East Orange | $1,840 |
| Hoboken | $4,421 |
| Elizabeth | $1,849 |
| Summit | $2,736 |
| Bayonne | $2,579 |
| Trenton | $1,495 |
| Princeton | $3,067 |
| Woodbridge | $2,557 |
| Iselin | $2,302 |
| Avenel | $2,256 |
| Fords | $2,400 |
| Old Bridge | $2,331 |
| Somerset | $2,314 |