The Park at Franklin
1 John F Kennedy Blvd,
Somerset, NJ 08873
$2,096 - $3,300
1-3 Beds
Rental Market Trends in Somerset, NJ
What is the average rent in Somerset, NJ?
$2,158/month
Average Rent
827 Sq Ft
Average Apartment Size
+3.8%
Increase in the Last Year
As of October 2025, the average rent in Somerset, NJ is $2,158 per month. This is 32% higher than the national average rent price of $1,630/month, making Somerset one of the most expensive cities in the US. When you rent an apartment in Somerset, you can expect to pay about $1,907 per month for a studio, $2,158 for a one-bedroom apartment, and around $2,607 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,177 or more.
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 Somerset, NJ?
In the past year, rent has increased by 3.8%, which averages out to $83 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 October 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Somerset?
Based on current rent prices, Quail Crest is the most affordable neighborhood in Somerset.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Somerset?
Based on current rent prices, Quail Crest is the most expensive neighborhood in Somerset.
Neighborhood
Average Rent
Average Sq Ft
Which Somerset neighborhoods have the most rentals available?
The neighborhood in Somerset with the most apartments available is Quail Crest .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Somerset, NJ?
Because the average rent in Somerset is $2,158, you’ll want to make about $7,193 per month or $86,316 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 Somerset, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Somerset, 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.
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Nearby City Rent Trends
Apartment communities in Somerset we think you'll love
Property Management Companies in Somerset, NJ
Oxford Realty Group
-
20
Communities
-
4,217
Units
-
10
Cities
5 Communities in Somerset
Garden Communities
-
72
Communities
-
21,603
Units
-
48
Cities
4 Communities in Somerset
Fieldstone Properties, LLC
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15
Communities
-
8,931
Units
-
13
Cities
2 Communities in Somerset
Cammeby's
-
74
Communities
-
19,695
Units
-
52
Cities
1 Community in Somerset
Kriegman & Smith
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48
Communities
-
5,514
Units
-
34
Cities
1 Community in Somerset
The Kamson Corporation
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20
Communities
-
5,613
Units
-
17
Cities
1 Community in Somerset
Korman Communities
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18
Communities
-
4,598
Units
-
13
Cities
1 Community in Somerset
LPZ-Bertram Management
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15
Communities
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2,965
Units
-
13
Cities
1 Community in Somerset
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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 2025.
* Percentages may not total 100 due to rounding.