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Rental Market Trends in Elmwood Park, NJ

Updated July 2026

The average rent in Elmwood Park, NJ is $2,327/month.

Rent in Elmwood Park is 40% higher than the national average rent of $1,662/month, making this one of the more expensive cities statewide.

$2,327/month

Average Rent

738 Sq Ft

Average Size

-2.1%

Change / Year

138

Available Apartments

Elmwood Park rent varies by unit size and layout:

  • Studio apartments in Elmwood Park average per month.
  • One-bedroom apartments in Elmwood Park average $2,327 per month.
  • Two-bedroom apartments in Elmwood Park average $2,454 per month.
  • Three-bedroom apartments in Elmwood Park average $3,487 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,327/month
738 Sq Ft
Two Bedroom
$2,454/month
811 Sq Ft
Three Bedroom
$3,487/month
1,044 Sq Ft
View Elmwood Park Apartments

How much has average rent changed in Elmwood Park, NJ?

In the past year, rent has decreased by 2.1%, which averages out to $48 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Elmwood Park, NJ

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Elmwood Park, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
20% $1,001 - $1,500/month
0% $1,501 - $2,000/month
80% Above $2,000/month

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

Because the average rent in Elmwood Park is $2,327, you’ll want to make about $7,756 per month or $93,072 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

Elmwood Park, NJ

138 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Elmwood Park, 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 Elmwood Park Area Guide

Apartment Averages

Compare Rent Trends Nearby

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

  • Paterson

    Paterson

  • Lodi

    Lodi

  • Passaic

    Passaic

Apartment Communities in Elmwood Park We Think You'll Love

The Landings at Riverwalk

The Landings at Riverwalk

300 Riverfront Blvd,
Elmwood Park, NJ 07407

1-2 Beds | $2,250 - $4,800

The Grande Saddle Brook

The Grande Saddle Brook

500 Van Bussum Ave,
Saddle Brook, NJ 07663

1-2 Beds | $2,675 - $3,350

LIV 487

LIV 487

487 Market St,
Saddle Brook, NJ 07663

1-2 Beds | $2,750 - $2,850

Elmwood Village Apartments and Townhomes

Elmwood Village Apartments and Townhomes

24 Mola Blvd,
Elmwood Park, NJ 07407

1-3 Beds | $2,015 - $3,730

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Frequently Asked Questions

What is the average rent in Elmwood Park?

The average rent in Elmwood Park is $2,327 per month, which is 40.0% higher than the national average of $1,662.

Are rents going up or down in Elmwood Park?

Rents in Elmwood Park, NJ are decreasing, with prices down 2.1% year-over-year and $48 less per month.

What rent range is most common in Elmwood Park?

In Elmwood Park, NJ, 80% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States New Jersey Elmwood Park 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