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Rental Market Trends in Franklin Park, NJ

What is the average rent in Franklin Park, NJ?

$2,446/month

Average Rent

1,157 Sq Ft

Average Apartment Size

-1%

Decrease in the Last Year

As of April 2026, the average rent in Franklin Park, NJ is $2,446 per month. This is 49% higher than the national average rent price of $1,641/month, making Franklin Park one of the most expensive cities in the US. When you rent an apartment in Franklin Park, you can expect to pay about $1,060 per month for a studio, $2,446 for a one-bedroom apartment, and around $2,704 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,060/month
400 Sq Ft
One Bedroom
$2,446/month
1,157 Sq Ft
Two Bedroom
$2,704/month
1,505 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 Franklin Park, NJ?

In the past year, rent has decreased by 1%, which averages out to $23 less 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 Franklin Park, NJ
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Franklin Park, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
0% $1,501 - $2,000/month
67% Above $2,000/month

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

Because the average rent in Franklin Park is $2,446, you’ll want to make about $8,153 per month or $97,836 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

Franklin Park, NJ

116 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Franklin 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 Franklin Park, NJ

Apartment Averages

Nearby City Rent Trends

  • Kendall Park Average Rent
  • North Brunswick Average Rent
  • Dayton Average Rent

Apartment communities in Franklin Park we think you'll love

Green Hill Luxury Rentals

Green Hill Luxury Rentals

200 Green Hill Manor Dr,
Franklin Park, NJ 08823

$2,445 - $3,265

1-2 Beds

Hidden Lake

Hidden Lake

1 Lincoln Pl,
North Brunswick, NJ 08902

$1,776 - $3,091

1-2 Beds

Barrett Country Club

Barrett Country Club

3500 Barrett Dr,
Kendall Park, NJ 08824

$1,939 - $2,399

1-2 Beds

Whitehall Gardens

Whitehall Gardens

2811 Holland Dr,
Somerset, NJ 08873

$2,065 - $2,595

1-2 Beds

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United States New Jersey Franklin 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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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity