Elizabeth, NJ Rental Market Trends
What is the average rent in Elizabeth?
The average rent for an apartment in Elizabeth is $1,439. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Elizabeth, NJ
| Average Rent | Average Apartment Size |
|---|---|
| $1,439 | 696 sq. ft. |
What is the average apartment size in Elizabeth?
The average size for a Elizabeth, NJ apartment is 696 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
Elizabeth, NJ Occupied Housing Units
11,447 or 28% of the households in Elizabeth, NJ are renter-occupied while 29,338 or 71% are owner-occupied.
Elizabeth, NJ Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Aug / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Elizabeth, NJ | $1,216 | $1,228 | $1,235 | $1,267 | $1,296 | $1,295 | $1,320 | $1,344 | $1,348 | $1,413 | $1,439 |
| National | $1,347 | $1,356 | $1,361 | $1,393 | $1,400 | $1,402 | $1,393 | $1,397 | $1,485 | $1,510 | $1,539 |
Average Rent in Elizabeth, NJ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Elizabeth | $1,558 |
| Keighry Head | $1,543 |
| Midtown Elizabeth | $1,543 |
| North Elizabeth | $1,543 |
| Port Newark | $1,543 |
| The Point | $1,466 |
| Frog Hollow | $1,422 |
| Peterstown | $1,422 |
| Bayway | $1,421 |
| Quality Hill | $1,421 |
| Westminster | $1,400 |
| Elmora | $1,379 |
| Elmora Hills | $1,357 |
What are the most affordable neighborhoods in Elizabeth?
The most affordable neighborhoods in Elizabeth are Elmora Hills, where the average rent goes for $1,357/month, Elmora, where renters pay $1,379/mo on average, and Westminster, where the average rent goes for $1,400/mo. If you’re looking for other great deals, check out the listings from Bayway ($1,421), Quality Hill ($1,421), and Frog Hollow ($1,422), where the asking prices are below the average Elizabeth rent of $1,439/mo.
What are the most expensive neighborhoods in Elizabeth?
The most expensive neighborhoods in Elizabeth are North Elizabeth ($1,543), Port Newark ($1,543) and Downtown Elizabeth ($1,558).
What are the most popular neighborhoods in Elizabeth?
The most popular neighborhood in Elizabeth is Downtown Elizabeth, where there are 4 verified RENTCafé listings with an average rent of $1,558. Next up is Westminster, where apartments go for $1,400/month, followed by Peterstown with $1,422 If you’re looking to rent in Elizabeth’s most popular neighborhoods, make sure to also check out Keighry Head, where renters pay $1,543 on average, and Bayway, where the average monthly rent is $1,421.
Elizabeth | Rent Comparison by Neighborhood
Rent in Bayway is 9% lower than in Downtown Elizabeth
Bayway rent is 1% lower than Elizabeth average
| Average Rent | $1,421 |
|---|
Downtown Elizabeth rent is 8% higher than Elizabeth average
| Average Rent | $1,558 |
|---|
How Elizabeth Compares to Other Cities
| City | Average Rent |
|---|---|
| New York City | $3,609 |
| Manhattan | $4,072 |
| Jersey City | $2,842 |
| Jersey Shore | $1,655 |
| Brooklyn | $3,010 |
| Bronx | $1,622 |
| Hoboken | $3,374 |
| Newark | $1,299 |
| Irvington | $1,059 |
| East Orange | $1,434 |
| Elizabeth | $1,439 |