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Rental Market Trends in Randolph, NJ

What is the average rent in Randolph, NJ?

$2,017/month

Average Rent

674 Sq Ft

Average Apartment Size

-1.5%

Decrease in the Last Year

As of April 2026, the average rent in Randolph, NJ is $2,017 per month. This is 23% higher than the national average rent price of $1,641/month, making Randolph one of the most expensive cities in the US. When you rent an apartment in Randolph, you can expect to pay about per month for a studio, $2,017 for a one-bedroom apartment, and around $2,928 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,294 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,017/month
674 Sq Ft
Two Bedroom
$2,928/month
940 Sq Ft
Three Bedroom
$3,294/month
1,435 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 Randolph, NJ?

In the past year, rent has decreased by 1.5%, which averages out to $30 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Randolph, NJ
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Randolph, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
25% $1,501 - $2,000/month
75% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Randolph?

Based on current rent prices, Gateways at Ranloph and College Park at Randolph" are the most affordable neighborhoods in Randolph.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Gateways at Ranloph
$2,017/month
612 Sq Ft
College Park at Randolph
$2,814/month
808 Sq Ft

What are the most expensive neighborhoods in Randolph?

Based on current rent prices, College Park at Randolph and Gateways at Ranloph" are the most expensive neighborhoods in Randolph.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
College Park at Randolph
$2,814/month
808 Sq Ft
Gateways at Ranloph
$2,017/month
612 Sq Ft

Which Randolph neighborhoods have the most rentals available?

The neighborhoods in Randolph with the most apartments available are Gateways at Ranloph and College Park at Randolph" .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Gateways at Ranloph
$2,017/month
612 Sq Ft
College Park at Randolph
$2,814/month
808 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Randolph, NJ?

Because the average rent in Randolph is $2,017, you’ll want to make about $6,723 per month or $80,676 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.

City

Randolph, NJ

248 Available Apartments for Rent

Search for Nearby Apartments

How does Randolph, NJ compare to other nearby cities and neighborhoods?

Use the tool below to compare Randolph, 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.

Explore the Area Guide for Randolph, NJ

Apartment Averages

Gateways at Ranloph

Randolph, NJ

College Park at Randolph

Randolph, NJ

Studio
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-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
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Nearby City Rent Trends

  • Dover Average Rent
  • Wharton Average Rent

Apartment communities in Randolph we think you'll love

Gateways at Randolph

Gateways at Randolph

44 Center Grove Rd,
Randolph, NJ 07869

$1,835 - $3,490

1-2 Beds

Woodbrook at Randolph

Woodbrook at Randolph

8000 Crescent Cir,
Randolph, NJ 07869

$2,730 - $4,990

1-3 Beds

The Point at Gateways

The Point at Gateways

44-66 Center Grove Rd,
Randolph, NJ 07869

$3,200 - $4,295

2 Beds

Center Grove Village

Center Grove Village

100 Center Grove Rd,
Randolph, NJ 07869

$1,915 - $2,370

1 Bed

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United States New Jersey Randolph Rental Trends

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 February 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.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity