124 Union Valley Rd
124 Union Valley Rd,
West Milford, NJ 07435
1 Bed | $2,350
Rental Market Trends in Oak Ridge, NJ
What is the average rent in Oak Ridge, NJ?
$968/month
Average Rent
0 Sq Ft
Average Apartment Size
+0.7%
Increase in the Last Year
Oak Ridge, NJ Rental Market Overview
The average rent in Oak Ridge, NJ is $968 per month. This is 42% lower than the national average rent of $1,662/month, making renting in Oak Ridge more affordable than most cities in the US.
- Studio apartments in Oak Ridge average per month.
- One-bedroom apartments in Oak Ridge average $968 per month.
- Two-bedroom apartments in Oak Ridge average $1,037 per month.
- Three-bedroom apartments in Oak Ridge average $1,175 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average 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 Oak Ridge, NJ?
In the past year, rent has increased by 0.7%, which averages out to $7 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2026
Legend
2025
2026
Rent Ranges in Oak Ridge, NJ
Last Updated July 2026
Below $701
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
0%
Above $2,000/month
What salary do I need to live comfortably in Oak Ridge, NJ?
Because the average rent in Oak Ridge is $968, you’ll want to make about $3,226 per month or $38,712 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 Oak Ridge, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Oak Ridge, 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.
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Oak Ridge 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 Oak Ridge?
The average rent in Oak Ridge is $968 per month, which is 41.8% lower than the national average of $1,662.
Are rents going up or down in Oak Ridge?
Rents in Oak Ridge, NJ are increasing, with prices up 0.7% year-over-year and $7 more per month.
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.