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Rental Market Trends in Elizabeth, NJ

What is the average rent in Elizabeth, NJ?

$1,573/month

Average Rent

624 Sq Ft

Average Apartment Size

+0.3%

Increase in the Last Year

As of April 2026, the average rent in Elizabeth, NJ is $1,573 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Elizabeth rent prices are 4% lower than the national average. When you rent an apartment in Elizabeth, you can expect to pay about $1,412 per month for a studio, $1,573 for a one-bedroom apartment, and around $2,019 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,071 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,412/month
450 Sq Ft
One Bedroom
$1,573/month
624 Sq Ft
Two Bedroom
$2,019/month
841 Sq Ft
Three Bedroom
$2,071/month
1,019 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,761/month
214 Sq Ft
Two Bedroom
$2,171/month
242 Sq Ft
Three Bedroom
$2,732/month
285 Sq Ft
Four Bedroom
$3,435/month
185 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,818/month
978 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$4,075/month
3,097 Sq Ft

How much has average rent changed in Elizabeth, NJ?

In the past year, rent has increased by 0.3%, which averages out to $5 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Elizabeth, NJ
Last Updated April 2026
$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
38% $1,001 - $1,500/month
32% $1,501 - $2,000/month
20% 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
$2,173/month
809 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
$2,173/month
809 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
$2,173/month
809 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 $1,573, you’ll want to make about $5,243 per month or $62,916 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 13.8% higher than the national average. Generally, housing in Elizabeth is 35.3% more expensive than the national average, with rent falling between $1,412 - $2,071. You can expect to pay 3.9% more for groceries, 3.6% more for utilities, and 3.0% more for transportation.

City

Elizabeth, NJ

558 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
$1,528/month
$1,528/month
One Bedroom
$1,735/month
$1,735/month
Two Bedroom
$2,409/month
$2,409/month
Three Bedroom
$1,829/month
$1,829/month
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Nearby City Rent Trends

  • Hillside Average Rent
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  • 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

$1,795 - $3,195

Studio - 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

$2,450 - $2,745

1-2 Beds

The Grand at Penn

The Grand at Penn

705 Newark Ave,
Elizabeth, NJ 07208

$2,395 - $2,895

1-2 Beds

Property Management Companies in Elizabeth, NJ

Cammeby's
Cammeby's
  • 75

    Communities

  • 20,184

    Units

  • 52

    Cities

4 Communities in Elizabeth
Avocet Management
Avocet Management
  • 11

    Communities

  • 916

    Units

  • 7

    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

  • 6,577

    Units

  • 13

    Cities

2 Communities in Elizabeth
JP Management
JP Management
  • 12

    Communities

  • 2,493

    Units

  • 10

    Cities

2 Communities in Elizabeth
Rushmore Management
Rushmore Management
  • 76

    Communities

  • 15,105

    Units

  • 48

    Cities

1 Community in Elizabeth
Garden Communities
Garden Communities
  • 68

    Communities

  • 20,227

    Units

  • 42

    Cities

1 Community in Elizabeth
Magnolia Capital
Magnolia Capital
  • 48

    Communities

  • 15,020

    Units

  • 38

    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 February 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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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity