• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
  • Houses For Rent
  • Condos For Rent
  • Townhomes For Rent
  • Help Center
  • Rent Calculator

Language

Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Lake Hiawatha, NJ

What is the average rent in Lake Hiawatha, NJ?

$1,689/month

Average Rent

841 Sq Ft

Average Apartment Size

-10.4%

Decrease in the Last Year

As of April 2026, the average rent in Lake Hiawatha, NJ is $1,689 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Lake Hiawatha rent prices are 3% higher than the national average. When you rent an apartment in Lake Hiawatha, you can expect to pay about per month for a studio, $1,689 for a one-bedroom apartment, and around $2,162 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
One Bedroom
$1,689/month
841 Sq Ft
Two Bedroom
$2,162/month
1,100 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 Lake Hiawatha, NJ?

In the past year, rent has decreased by 10.4%, which averages out to $175 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 Lake Hiawatha, NJ
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lake Hiawatha, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
50% $1,501 - $2,000/month
50% Above $2,000/month

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

Because the average rent in Lake Hiawatha is $1,689, you’ll want to make about $5,630 per month or $67,560 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

Lake Hiawatha, NJ

7 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lake Hiawatha, 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.

Apartment Averages

Nearby City Rent Trends

  • Montville Average Rent
  • Parsippany Average Rent
  • Boonton Average Rent
  • Pine Brook Average Rent
  • Fairfield Average Rent

Apartment communities in Lake Hiawatha we think you'll love

Knoll Gardens

Knoll Gardens

63 Dafrack Dr,
Lake Hiawatha, NJ 07034

$1,670 - $2,500

1-2 Beds

Beverwyck Gardens

Beverwyck Gardens

87B N Beverwyck Rd,
Lake Hiawatha, NJ 07034

$1,895 - $2,295

1-2 Beds

37 Wenonah Ave

37 Wenonah Ave

37 Wenonah Ave,
Parsippany-Troy Hills, NJ 07034

$3,450

4 Beds

125 Minnehaha Blvd

125 Minnehaha Blvd

125 Minnehaha Blvd,
Parsippany-Troy Hills, NJ 07034

$3,400

4 Beds

Learn More with Helpful Articles

How to Choose an Apartment Community You’ll Love

Avoid renter's remorse - know what to look for in your next apartment.

When Is the Best Time to Move?

The pros and cons of moving during each season.

The Benefits of Renters Insurance

Better safe than sorry! Protect yourself(and your stuff) with renters insurance.

How Much Should I Spend on Rent?

It's time to break down your budget and calculate costs.

Explore the Renterverse

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Start managing your rentals
United States New Jersey Lake Hiawatha 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.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Newest Listings
  • Sitemap
apartments.com
© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity