Parkway Lofts
5 Lawrence St,
Bloomfield, NJ 07003
Studio - 2 Beds | $2,025 - $3,995
Rental Market Trends in Bloomfield, NJ
What is the average rent in Bloomfield, NJ?
$2,085/month
Average Rent
690 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
Bloomfield, NJ Rental Market Overview
The average rent in Bloomfield, NJ is $2,085 per month. This is 26% higher than the national average rent price of $1,661/month, making Bloomfield one of the most expensive cities in the US.
- Studio apartments in Bloomfield average $1,881 per month.
- One-bedroom apartments in Bloomfield average $2,085 per month.
- Two-bedroom apartments in Bloomfield average $2,910 per month.
- Three-bedroom apartments in Bloomfield average $2,779 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
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Average Rent
Average Sq Ft
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Average Sq Ft
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Average Sq Ft
How much has average rent changed in Bloomfield, NJ?
In the past year, rent has increased by 1.8%, which averages out to $39 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025
2026
Rent Ranges in Bloomfield, NJ
Last Updated July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
18%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
47%
Above $2,000/month
What salary do I need to live comfortably in Bloomfield, NJ?
Because the average rent in Bloomfield is $2,085, you’ll want to make about $6,950 per month or $83,400 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Bloomfield, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Bloomfield, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Bloomfield?
The average rent in Bloomfield is $2,085 per month, which is 25.5% higher than the national average of $1,661.
What is the average rent for a house in Bloomfield?
The average rent for a house in Bloomfield, NJ is $2,853 per month.
What is the average rent for a townhome in Bloomfield?
The average rent for a townhome in Bloomfield, NJ is $2,813 per month.
What is the average rent for a condo in Bloomfield?
The average rent for a condo in Bloomfield, NJ is $1,953 per month.
Are rents going up or down in Bloomfield?
Rents in Bloomfield, NJ are increasing, with prices up 1.8% year-over-year and $39 more per month.
What rent range is most common in Bloomfield?
In Bloomfield, NJ, 47% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.