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Rental Market Trends in Chatham, NJ

Updated July 2026

The average rent in Chatham, NJ is $2,784/month.

Rent in Chatham is 67% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$2,784/month

Average Rent

813 Sq Ft

Average Size

+1.7%

Change / Year

98

Available Apartments

Chatham rent varies by unit size and layout:

  • Studio apartments in Chatham average $1,895 per month.
  • One-bedroom apartments in Chatham average $2,784 per month.
  • Two-bedroom apartments in Chatham average $3,901 per month.
  • Three-bedroom apartments in Chatham average $3,943 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,895/month
0 Sq Ft
One Bedroom
$2,784/month
813 Sq Ft
Two Bedroom
$3,901/month
1,129 Sq Ft
Three Bedroom
$3,943/month
1,203 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$4,150/month
0 Sq Ft
View Chatham Apartments

How much has average rent changed in Chatham, NJ?

In the past year, rent has increased by 1.7%, which averages out to $49 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Chatham, NJ

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Chatham, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

What salary do I need to live comfortably in Chatham, NJ?

Because the average rent in Chatham is $2,784, you’ll want to make about $9,280 per month or $111,360 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.

City

Chatham, NJ

98 Available Apartments for Rent

Search for Nearby Apartments

How does Chatham, NJ compare to other nearby cities and neighborhoods?

Use the tool below to compare Chatham, 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.

View the Chatham Area Guide

Apartment Averages

Apartment Communities in Chatham We Think You'll Love

Jackson House Apartments

Jackson House Apartments

515 Main St,
Chatham, NJ 07928

1-2 Beds | $2,660 - $3,030

Chatham Hill Apartments

Chatham Hill Apartments

25 Hickory Pl,
Chatham, NJ 07928

1-3 Beds | $2,482 - $3,514

Madison Mall on Main Luxury Apartments

Madison Mall on Main Luxury Apartments

296 Main St,
Madison, NJ 07940

1-3 Beds | $2,410 - $4,070

Chatham on Main

Chatham on Main

555 Main St,
Chatham, NJ 07928

1-2 Beds | $2,400 - $2,875

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Frequently Asked Questions

What is the average rent in Chatham?

The average rent in Chatham is $2,784 per month, which is 67.4% higher than the national average of $1,663.

What is the average rent for a condo in Chatham?

The average rent for a condo in Chatham, NJ is $4,150 per month.

Are rents going up or down in Chatham?

Rents in Chatham, NJ are increasing, with prices up 1.7% year-over-year and $49 more per month.

What rent range is most common in Chatham?

In Chatham, NJ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States New Jersey Chatham Rental Trends

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.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity