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Rental Market Trends in Elizabeth, NJ

What is the average rent in Elizabeth, NJ?

$1,581/month

Average Rent

618 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

As of October 2025, the average rent in Elizabeth, NJ is $1,581 per month. For comparison, the national average rent price in the US is currently $1,630/month, which means Elizabeth rent prices are 3% lower than the national average. When you rent an apartment in Elizabeth, you can expect to pay about $1,404 per month for a studio, $1,581 for a one-bedroom apartment, and around $2,011 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,090 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,404/month
452 Sq Ft
One Bedroom
$1,581/month
618 Sq Ft
Two Bedroom
$2,011/month
862 Sq Ft
Three Bedroom
$2,090/month
1,041 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,508/month
276 Sq Ft
Three Bedroom
$2,938/month
180 Sq Ft
Four Bedroom
$3,499/month
0 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,861/month
540 Sq Ft
Two Bedroom
$2,402/month
708 Sq Ft
Three Bedroom
$2,704/month
245 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Elizabeth, NJ?

In the past year, rent has increased by 2.3%, which averages out to $37 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 October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Elizabeth, NJ
Last Updated October 2025
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Elizabeth, NJ
Percentage*
Rent Range
2% Below $700/month
9% $700 - $1,000/month
41% $1,001 - $1,500/month
28% $1,501 - $2,000/month
21% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Elizabeth?

Based on current rent prices, Downtown Elizabeth is the most affordable neighborhood in Elizabeth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Elizabeth
$2,271/month
812 Sq Ft

What are the most expensive neighborhoods in Elizabeth?

Based on current rent prices, Downtown Elizabeth is the most expensive neighborhood in Elizabeth.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Elizabeth
$2,271/month
812 Sq Ft

Which Elizabeth neighborhoods have the most rentals available?

The neighborhood in Elizabeth with the most apartments available is Downtown Elizabeth .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Downtown Elizabeth
$2,271/month
812 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Elizabeth is $1,581, you’ll want to make about $5,270 per month or $63,240 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.

Cost of Living

The cost of living in Elizabeth, NJ is 13.9% higher than the national average. Generally, housing in Elizabeth is 35.3% more expensive than the national average, with rent falling between $1,404 - $2,090. You can expect to pay 5.2% more for groceries, 3.6% more for utilities, and 5.0% more for transportation.

City

Elizabeth, NJ

630 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Elizabeth, 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.

Explore the Area Guide for Elizabeth, NJ

Apartment Averages

Downtown Elizabeth

Elizabeth, NJ

Downtown Elizabeth

Elizabeth, NJ

Studio
$1,495/month
$1,495/month
One Bedroom
$1,881/month
$1,881/month
Two Bedroom
$2,462/month
$2,462/month
Three Bedroom
$2,002/month
$2,002/month
Search
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Nearby City Rent Trends

  • Hillside Average Rent
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  • Linden Average Rent
  • Roselle Park Average Rent
  • Bayonne Average Rent
  • Irvington Average Rent

Apartment communities in Elizabeth we think you'll love

Meridia Roselle Park 10

Meridia Roselle Park 10

10 W Westfield Ave W,
Roselle Park, NJ 07204

$1,695 - $2,695

Studio - 2 Beds

Tudor Court

Tudor Court

801 N Broad St,
Elizabeth, NJ 07208

$1,999 - $2,299

1-2 Beds

Jersey Walk

Jersey Walk

925 E Jersey St,
Elizabeth, NJ 07201

$2,000 - $3,000

Studio - 2 Beds

Luxury Rental With Private Parking

Luxury Rental With Private Parking

321 S Broad St,
Elizabeth, NJ 07202

$2,255 - $2,895

1-2 Beds

Property Management Companies in Elizabeth, NJ

Cammeby's
Cammeby's
  • 74

    Communities

  • 19,695

    Units

  • 52

    Cities

4 Communities in Elizabeth
Legow Management Company
Legow Management Company
  • 33

    Communities

  • 3,838

    Units

  • 24

    Cities

2 Communities in Elizabeth
Russo Development
Russo Development
  • 18

    Communities

  • 6,295

    Units

  • 13

    Cities

2 Communities in Elizabeth
JP Management
JP Management
  • 12

    Communities

  • 2,493

    Units

  • 10

    Cities

2 Communities in Elizabeth
Greystar
Greystar
  • 3,437

    Communities

  • 948,731

    Units

  • 872

    Cities

1 Community in Elizabeth
Inland Real Estate
Inland Real Estate
  • 75

    Communities

  • 18,464

    Units

  • 56

    Cities

1 Community in Elizabeth
Garden Communities
Garden Communities
  • 72

    Communities

  • 21,603

    Units

  • 48

    Cities

1 Community in Elizabeth
Rushmore Management
Rushmore Management
  • 60

    Communities

  • 11,999

    Units

  • 39

    Cities

1 Community in Elizabeth

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United States New Jersey Elizabeth 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity