Elizabeth, NJ Rental Market Trends

Highlights

The average rent for an apartment in Elizabeth is $1,236, a 11% decrease compared to the previous year, when the average rent was $1,386.

Average Rent in Elizabeth, NJ

Last updated Jul 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,236 -11% 758 sq. ft.

The average size for a Elizabeth, NJ apartment is 758 square feet, but this number varies greatly depending on apartment type. 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

  • $501-$7001%
  • $701-$1,00023%
  • $1,001-$1,50058%
  • $1,501-$2,00014%
  • > $2,0003%

Average Rent in Elizabeth, NJ By Neighborhood

The most affordable neighborhoods in Elizabeth are Elmora Hills, where the average rent goes for $1,161/month, Elmora, where renters pay $1,204/mo on average, and Westminster, where the average rent goes for $1,213/mo. If you’re looking for other great deals, check out the listings from Bayway ($1,301), Quality Hill ($1,301), and Frog Hollow ($1,302), where the asking prices are below the average Elizabeth rent of $1,236/mo.

The most expensive neighborhoods in Elizabeth are North Elizabeth ($1,392), Port Newark ($1,392) and Downtown Elizabeth ($1,445).

Elizabeth | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bayway is 10% lower than in Downtown Elizabeth

$1,301

Bayway rent is 5% higher than Elizabeth average

Average Rent $1,301
$1,445

Downtown Elizabeth rent is 17% higher than Elizabeth average

Average Rent $1,445

How Does Elizabeth Compare to Nearby Cities

Average Rent Y-o-Y Change
Elizabeth $1,236 -11%
Summit $2,080 n/a
Rahway $1,862 n/a
Garwood $2,371 n/a
Linden $1,466 n/a
New Providence $1,784 n/a
Roselle $1,435 n/a
Westfield $2,125 n/a

For more information about the Elizabeth rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Elizabeth apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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