Rental Market Trends in New Jersey
Updated July 2026
$2,138/month
Average Rent
+1.3%
Increase in the Last Year
+$27
Average Price Increase
Ranked 5th
Most Expensive Rent by State
37,108
Available Rentals
Camden, NJ
City with the Lowest Rent
What is the average rent in New Jersey?
As of July 2026, the average rent in New Jersey is $2,138/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 $2,069 per month for a studio, $2,138 for a one-bedroom apartment, and around $2,781 for a two-bedroom apartment in New Jersey. If you opt for a three-bedroom rental, you could pay $3,707 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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