Elizabeth, NJ Rental Market Trends
Highlights
The average rent for an apartment in Elizabeth is $1,306, a 6% increase compared to the previous year.
Average Rent in Elizabeth, NJ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,306 | 6% | 690 sq. ft. |
The average size for a Elizabeth, NJ apartment is 690 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.
Elizabeth, NJ Apartment Rent Ranges
- $701-$1,00016%
- $1,001-$1,50061%
- $1,501-$2,00020%
- > $2,0002%
Elizabeth, NJ Occupied Housing Units
- Renter-occupied Households28%
- Owner-occupied Households71%
11,452 or 28% of the households in Elizabeth, NJ are renter-occupied while 28,942 or 71% are owner-occupied.
Elizabeth, NJ Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Elizabeth, NJ | $1,103 | $1,122 | $1,167 | $1,183 | $1,206 | $1,216 | $1,228 | $1,235 | $1,267 | $1,296 | $1,306 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Elizabeth Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,902 | 3% |
| Jersey City | $2,986 | 2% |
| Newark | $1,218 | 3% |
| Stamford | $2,387 | 1% |
| Yonkers | $2,072 | 3% |
| Elizabeth | $1,306 | 6% |
For more information about the Elizabeth rental trends, check out our monthly rent report
Check out New Jersey Cities, New Jersey Neighborhoods and New Jersey Zip Codes for more details on verified listings, including the New Jersey Average Rent.
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