Providence Place
601 Trailside Cir,
New Providence, NJ 07974
1-3 Beds | $3,000 - $6,100
Rental Market Trends in New Providence, NJ
Updated September 2026
The average rent in New Providence, NJ is $2,232/month.
Rent in New Providence is 34% higher than the national average rent of $1,665/month, making this one of the more expensive cities statewide.
$2,232/month
Average Rent
649 Sq Ft
Average Size
+13.8%
Change / Year
50
Available Apartments
New Providence rent varies by unit size and layout:
- Studio apartments in New Providence average per month.
- One-bedroom apartments in New Providence average $2,232 per month.
- Two-bedroom apartments in New Providence average $2,884 per month.
- Three-bedroom apartments in New Providence average $5,779 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in New Providence, NJ?
In the past year, rent has increased by 13.8%, which averages out to $309 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in New Providence, NJ
September 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
20%
$1,501 - $2,000/month
80%
Above $2,000/month
What salary do I need to live comfortably in New Providence, NJ?
Because the average rent in New Providence is $2,232, you’ll want to make about $7,440 per month or $89,280 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 New Providence, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare New Providence, 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 New Providence Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in New Providence We Think You'll Love
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
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in New Providence?
The average rent in New Providence is $2,232 per month, which is 34.1% higher than the national average of $1,665.
Are rents going up or down in New Providence?
Rents in New Providence, NJ are increasing, with prices up 13.8% year-over-year and $309 more per month.
What rent range is most common in New Providence?
In New Providence, NJ, 80% 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 September 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.