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Rental Market Trends in Lafayette, NJ

Updated July 2026

The average rent in Lafayette, NJ is $2,010/month.

Rent in Lafayette is 21% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$2,010/month

Average Rent

635 Sq Ft

Average Size

+11.9%

Change / Year

1

Available Apartments

Lafayette rent varies by unit size and layout:

  • Studio apartments in Lafayette average per month.
  • One-bedroom apartments in Lafayette average $2,010 per month.
  • Two-bedroom apartments in Lafayette average $2,397 per month.
  • Three-bedroom apartments in Lafayette average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,010/month
635 Sq Ft
Two Bedroom
$2,397/month
1,000 Sq Ft
View Lafayette Apartments

How much has average rent changed in Lafayette, NJ?

In the past year, rent has increased by 11.9%, which averages out to $240 more per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Lafayette, NJ

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Lafayette, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

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

Because the average rent in Lafayette is $2,010, you’ll want to make about $6,700 per month or $80,400 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

Lafayette, NJ

1 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lafayette, 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 Lafayette Area Guide

Apartment Averages

Compare Rent Trends Nearby

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

  • Sparta

    Sparta

Apartment Communities in Lafayette We Think You'll Love

25 Cypress Ln

25 Cypress Ln

25 Cypress Ln,
Sparta, NJ 07871

3 Beds | $3,600

Mountain Ridge at Sussex

Mountain Ridge at Sussex

Ridgefield Rd,
Hardyston, NJ 07419

2-3 Beds | $2,550 - $4,200

Newtonian Gardens Apartments

Newtonian Gardens Apartments

70 W End Ave,
Newton, NJ 07860

1-2 Beds | $1,845 - $2,340

Hillside Terrace

Hillside Terrace

64 Hillside Ter,
Newton, NJ 07860

Studio - 2 Beds | $1,335

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Frequently Asked Questions

What is the average rent in Lafayette?

The average rent in Lafayette is $2,010 per month, which is 20.9% higher than the national average of $1,663.

Are rents going up or down in Lafayette?

Rents in Lafayette, NJ are increasing, with prices up 11.9% year-over-year and $240 more per month.

What rent range is most common in Lafayette?

In Lafayette, NJ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States New Jersey Lafayette 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