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Rental Market Trends in Elizabeth, NJ

Updated July 2026

The average rent in Elizabeth, NJ is $1,594/month.

Rent in Elizabeth is roughly equal to the national average rent of of $1,663/month.

$1,594/month

Average Rent

619 Sq Ft

Average Size

+1.3%

Change / Year

655

Available Apartments

Elizabeth rent varies by unit size and layout:

  • Studio apartments in Elizabeth average $1,406 per month.
  • One-bedroom apartments in Elizabeth average $1,594 per month.
  • Two-bedroom apartments in Elizabeth average $2,038 per month.
  • Three-bedroom apartments in Elizabeth average $2,067 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,406/month
441 Sq Ft
One Bedroom
$1,594/month
619 Sq Ft
Two Bedroom
$2,038/month
838 Sq Ft
Three Bedroom
$2,067/month
1,019 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,904/month
388 Sq Ft
Two Bedroom
$2,340/month
100 Sq Ft
Three Bedroom
$2,709/month
316 Sq Ft
Four Bedroom
$3,386/month
612 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,386/month
529 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$3,160/month
1,278 Sq Ft
Three Bedroom
$3,200/month
1,885 Sq Ft
View Elizabeth Apartments

How much has average rent changed in Elizabeth, NJ?

In the past year, rent has increased by 1.3%, which averages out to $21 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Elizabeth, NJ

July 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Elizabeth, NJ
Percentage*
Rent Range
2% Below $700/month
8% $700 - $1,000/month
38% $1,001 - $1,500/month
33% $1,501 - $2,000/month
20% Above $2,000/month

Rent by Neighborhood

  • 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
$2,249/month
807 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
$2,249/month
807 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
$2,249/month
807 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 $1,594, you’ll want to make about $5,313 per month or $63,756 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 14.2% higher than the national average. Generally, housing in Elizabeth is 34.6% more expensive than the national average, with rent falling between $1,406 - $2,067. You can expect to pay 5.7% more for groceries, 5.3% more for utilities, and 2.9% more for transportation.

City

Elizabeth, NJ

655 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.

View the Elizabeth Area Guide

Apartment Averages

Downtown Elizabeth

Elizabeth, NJ

Downtown Elizabeth

Elizabeth, NJ

Studio
$1,454/month
$1,454/month
One Bedroom
$1,802/month
$1,802/month
Two Bedroom
$2,454/month
$2,454/month
Three Bedroom
$1,837/month
$1,837/month
View Rentals
View Rentals

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Roselle

    Roselle

  • Linden

    Linden

  • Roselle Park

    Roselle Park

  • Union Township

    Union Township

  • Bayonne

    Bayonne

  • Irvington

    Irvington

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

Studio - 2 Beds | $1,895 - $3,195

The Grand at Penn

The Grand at Penn

705 Newark Ave,
Elizabeth, NJ 07208

1-2 Beds | $2,195 - $2,895

Tudor Court

Tudor Court

801 N Broad St,
Elizabeth, NJ 07208

1-2 Beds | $1,999 - $2,299

Jersey Walk

Jersey Walk

925 E Jersey St,
Elizabeth, NJ 07201

Studio - 2 Beds | $2,000 - $3,000

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Frequently Asked Questions

What is the average rent in Elizabeth?

The average rent in Elizabeth is $1,594 per month, which is 4.1% lower than the national average of $1,663.

What is the average rent for a house in Elizabeth?

The average rent for a house in Elizabeth, NJ is $2,709 per month.

What is the average rent for a townhome in Elizabeth?

The average rent for a townhome in Elizabeth, NJ is $3,160 per month.

Are rents going up or down in Elizabeth?

Rents in Elizabeth, NJ are increasing, with prices up 1.3% year-over-year and $21 more per month.

What rent range is most common in Elizabeth?

In Elizabeth, NJ, 38% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

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 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