Rental Market Trends in New Jersey
$2,114/month
Average Rent
+1.1%
Increase in the Last Year
+$23
Average Price Increase
Ranked 5th
Most Expensive Rent by State
35,604
Available Rentals
Camden, NJ
City with the Lowest Rent
What is the average rent in New Jersey?
As of June 2026, the average rent in New Jersey is $2,114/month. When you rent an apartment in New Jersey, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $2,037 per month for a studio, $2,114 for a one-bedroom apartment, and around $2,744 for a two-bedroom apartment in New Jersey. If you opt for a three-bedroom rental, you could pay $3,639 or more.
Rent by City
What are the most expensive cities in New Jersey?
Based on current rent prices, the most expensive cities in New Jersey to live are Hoboken, Jersey City and West New York.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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