Elizabeth, NJ Rental Market Trends
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
|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
- > $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
Rent in Bayway is 10% lower than in Downtown Elizabeth
Bayway rent is 5% higher than Elizabeth average
Downtown Elizabeth rent is 17% higher than Elizabeth average
How Does Elizabeth Compare to Nearby Cities
|Average Rent||Y-o-Y Change|
For more information about the Elizabeth rental trends, check out our monthly rent report