Waterside Villas
1 Overlook Dr,
Monroe Township, NJ 08831
1-2 Beds | $1,843 - $2,697
Rental Market Trends in Monroe Township, NJ
Updated July 2026
The average rent in Monroe Township, NJ is $2,080/month.
Rent in Monroe Township is 25% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$2,080/month
Average Rent
720 Sq Ft
Average Size
+5.2%
Change / Year
187
Available Apartments
Monroe Township rent varies by unit size and layout:
- Studio apartments in Monroe Township average per month.
- One-bedroom apartments in Monroe Township average $2,080 per month.
- Two-bedroom apartments in Monroe Township average $3,296 per month.
- Three-bedroom apartments in Monroe Township average $3,399 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Monroe Township, NJ?
In the past year, rent has increased by 5.2%, which averages out to $109 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Monroe Township, NJ
July 2026
Above $2,000
Most rental prices fall within this range
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
Rent by Neighborhood
What are the most affordable neighborhoods in Monroe Township?
Based on current rent prices, Turnpike East is the most affordable neighborhood in Monroe Township.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Monroe Township?
Based on current rent prices, Turnpike East is the most expensive neighborhood in Monroe Township.
Neighborhood
Average Rent
Average Sq Ft
Which Monroe Township neighborhoods have the most rentals available?
The neighborhood in Monroe Township with the most apartments available is Turnpike East .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Monroe Township, NJ?
Because the average rent in Monroe Township is $2,080, you’ll want to make about $6,933 per month or $83,196 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.
How does Monroe Township, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Monroe Township, 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 Monroe Township Area GuideStudio
$1,999/month
$1,999/month
One Bedroom
$1,964/month
$1,964/month
Two Bedroom
$2,648/month
$2,648/month
Three Bedroom
$3,803/month
$3,803/month
Apartment Communities in Monroe Township We Think You'll Love
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Frequently Asked Questions
What is the average rent in Monroe Township?
The average rent in Monroe Township is $2,080 per month, which is 25.1% higher than the national average of $1,663.
Are rents going up or down in Monroe Township?
Rents in Monroe Township, NJ are increasing, with prices up 5.2% year-over-year and $109 more per month.
What rent range is most common in Monroe Township?
In Monroe Township, NJ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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.