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Rental Market Trends in Elmwood Park, NJ

What is the average rent in Elmwood Park, NJ?

$2,386/month

Average Rent

740 Sq Ft

Average Apartment Size

+0.5%

Increase in the Last Year

As of April 2026, the average rent in Elmwood Park, NJ is $2,386 per month. This is 45% higher than the national average rent price of $1,641/month, making Elmwood Park one of the most expensive cities in the US. When you rent an apartment in Elmwood Park, you can expect to pay about per month for a studio, $2,386 for a one-bedroom apartment, and around $2,403 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,162 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,386/month
740 Sq Ft
Two Bedroom
$2,403/month
811 Sq Ft
Three Bedroom
$3,162/month
1,044 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

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

In the past year, rent has increased by 0.5%, which averages out to $12 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 Elmwood Park, NJ
Last Updated April 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 $2,386, you’ll want to make about $7,953 per month or $95,436 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

158 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.

Explore the Area Guide for Elmwood Park, NJ

Apartment Averages

Nearby City Rent Trends

  • Saddle Brook Average Rent
  • Garfield Average Rent
  • Rochelle Park Average Rent
  • Paterson Average Rent
  • Lodi Average Rent
  • Maywood Average Rent
  • Passaic Average Rent

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

$2,375 - $4,800

1-2 Beds

The Grande Saddle Brook

The Grande Saddle Brook

500 Van Bussum Ave,
Saddle Brook, NJ 07663

$2,677 - $3,395

1-2 Beds

Meridia Garfield 848

Meridia Garfield 848

848 River Dr,
Garfield, NJ 07026

$1,995 - $2,225

Studio - 1 Bed

LIV 487

LIV 487

487 Market St,
Saddle Brook, NJ 07663

$2,800 - $3,150

1-2 Beds

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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 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