average rent in new jersey

The average Fair Market Rent for a 2-bedroom home in New Jersey is $1,432 per month. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Average rent data for New Jersey is not available at this time. 9. New Jersey Houses For Rent. Hoboken ($3,528/month), Edgewater ($3,180/month) and Weehawken ($3,011/month) are the three most expensive cities for renters and they are the only cities in New Jersey to boast average rents … Check in — / — / — Check out — / — / — Guests. But there's a bright spot for renters out there: New Jersey's median rent fell slightly in the past year, by 1.1 percent, while the rest of the nation increased 1.3 percent. Click on a region to view more detailed rent data. Cost of Utilities in New York. In New Jersey, the fastest rental growth was in Trenton, where prices rose 5.6 percent year over year. (If you’re interested in relocating, chat with the real estate experts at our partner Triplemint). 94 Colona St, Wyckoff, NJ 07481. In New Jersey, landlords may increase rent, but may find that they are restricted from increasing it too much. All rights reserved. Take in all the great sights that New Jersey has to offer with a rental car from Enterprise Rent-A-Car. The current minimum wage is $8.60 an hour. $0. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. While housing costs are high whether you rent or buy, there is some good financial news in the Garden State. This is a 5% increase compared to the previous year. The Fair Market Rent in New Jersey ranges from $1,171 for a 2-bedroom apartment in Warren County, NJ HUD Metro FMR Area to $1,770 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. 2 bds, 1 ba, 936 sqft - House for rent; 1 day on Zillow. Click on your region in the list below or on the map to see a more detailed break down of rental prices. Learn more. More than 100 cities and towns in New Jersey are subject to rent control. $2,995/mo. In Newark, rent control applies to non-owner occupied 1- to 4-unit buildings and all larger older buildings. Mirroring our 2018 report, Cambridge, MA came in third at $2804. See the latest prices. 2 bds, 1 ba, 936 sqft - House for rent; 1 day on Zillow. This is a 9% decrease compared to the previous year. The average rent for a 1-bedroom apartment apartment in New Jersey City University, NJ is currently $1,394. For FY 2019, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Somerset County) rent for a studio or efficiency is $1,148 per month and $2,600 per month to rent a house or an apartment with 4 bedrooms. In New Jersey, the fastest rental growth was in Trenton, where prices rose 5.6 percent year over year. Jersey City Average Rent As of November 2020, average rent for an apartment in Jersey City, NJ is $2970 which is a 1.85% decrease from last year when the average rent was $3025, and a 0.47% decrease from last month when the average rent was $2984. Top Cities. Click to view any of these 13,207 available rental units in to see photos, reviews, floor plans and verified information about schools, neighborhoods, unit availability and more. Price per night. Use our detailed filters to find the perfect place, then get in touch with the property manager. With major metro areas such as Newark and Jersey City, along with top attractions including Princeton University, Cape May Beaches and the Hoboken Waterfront; you are sure to have a unique and memorable experience. Search 110 Rental Properties in Jersey City, New Jersey matching Basement. New Jersey Commercial Leases Another natural extension of New York City is the charming and ever expanding Gold Coast of New Jersey. New Jersey, whose state's motto is "liberty and … In Trenton, it’s $136.90 and in Jersey City it’s $178.95. New Jersey (NJ) has the 6th highest rent in the country out of 56 states and territories. Restaurants. In Trenton, rent … $1,000+ Suitability. Jersey Shore Rentals. 1-Bedroom 2-Bedroom; $1064: $1490: Average Monthly Rent in Newark. The average monthly energy bill in New Jersey is $102.38, according to the U.S. Energy Information Administration (EIA). Apartments.com has the most extensive inventory of any apartment search site, with over 149 thousand currently available apartments for rent. to $1,746 for a 2-bedroom unit in ranges from Page 3 Average rent for the month rose $44 to $1,430. Its median rent was $1,409, however, which put it 21st among states. The Fair Market Rent in New Jersey The Fair Market Rent in New Jersey The median monthly gross residential rent in Essex County NJ was $1,233 in 2019 according to the Census ACS survey. The average annual wage in the state is $56,970, so a person making that would fall $25,510 short of being able to comfortably afford rent costs. Search 110 Rental Properties in Jersey City, New Jersey matching Basement. Prices can be higher in big cities, though. The average Fair Market Rent for a 2-bedroom home in New Jersey is $1,467 per month. Over the month, Newark added $7 to the average rent to clock in at $1,212/month, while the average rent in Jersey City dropped $11 since September to $2,934/month. Sort by: Newest. PREMIUM MEMBERSHIP. Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. $1,200 for a 2-bedroom apartment in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. One study found that New Jersey is the most expensive place in the nation to rent two-bedroom apartments. 259 Rea Ave, Hawthorne, NJ 07506. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size. And the New Jersey average rent is rising fast in some areas. Over the last 30 days, hotels with weekly rates in New Jersey have been available starting from $47, though prices have typically been closer to $70. Check out rental market trends in New Jersey. Find average rent prices for the most popular cities in New Jersey Learn more today. TRENTON – Governor Phil Murphy today announced that the New Jersey Housing and Mortgage Finance Agency has unanimously voted to suspend rent increases at all eligible properties within the Agency’s portfolio, which includes 36,000 rental units across the state. Just click on any of these 14,780 New Jersey 1 bedroom rentals to get more verified information about availability, neighborhoods, schools, and more. Ellipse | 25 Park Ln S, Jersey City, NJ. Rent in Jersey City is, on average, 37.36% lower than in New York. RentData.org © 2021. So, there are around 1,318,784 people in New Jersey who could be receiving housing benefits from the HUD. Cherry Hill has been hit hard by foreclosures in recent years, however for an investor who buys low and sells high this presents an opportunity. View Map. The average rent for a 1-bedroom apartment apartment in New Jersey Institute of Technology, NJ is currently $1,750. The average voucher holder contributes $400 towards rent in Villas. to $1,770 for a 2-bedroom unit in $1,171 for a 2-bedroom apartment in … Here are some additional resources you may also be interested in: RentData.org is an independent organization not affiliated with HUD.GOV or any other government agency. On the brighter side, it's a great place to live if you like to experience all four seasons. 991 results. Average apartment rents are$1,396 and the area has some of the best schools in the state. ranges from The maximum amount a voucher would pay on behalf of a low-income tenant in Villas, New Jersey for a two-bedroom apartment is between $1,225 and $1,497. The average Fair Market Rent for a 2-bedroom home in New Jersey is $1,432 per month. Do you live in Jersey City? Currency: Sticky Currency Switch to metric measurement units. How much are average RV rentals in New Jersey? You can trust Apartments.com to find your next New Jersey 2 Bedroom rental. That’s over $9 cheaper than the U.S. average of $111.67. Depending on the type of RV you’re renting for your trip and the time of year, the cost per night can vary. Edit Range; Meal, Inexpensive Restaurant : 15.00 $ 12.00-21.00: Meal for 2 People, Mid-range Restaurant, Three-course : 60.00 $ 50.00-100.00: McMeal at McDonalds (or … $2,995/mo. Search prices for Alternative Rent A Car, Eagle Rent A Car, National, Payless, Rent-A-Wreck and Value Van And Car. Rent Trends. Here are some additional resources you may also be interested in: RentData.org is an independent organization not affiliated with HUD.GOV or any other government agency. The population in For FY 2020, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Somerset County) rent … $4,409+ 2 bds; $7,578+ 3 bds; Updated yesterday. Warren County, NJ HUD Metro FMR Area 0+ rooms, 2+ guests. And the New Jersey average rent is rising fast in some areas. Take in all the great sights that New Jersey has to offer with a rental car from Enterprise Rent-A-Car. Fair Market Rent is the 40th-percentile of typical rentals in a given region. $2,400/mo. New Jersey Houses For Rent. MAPS OF EDISON, NEW JERSEY. The total number of households is 3,213,362 with 3 people per household on average.The median age of the current population is 42 with 3,722,626 people being married and 3,669,441 being single. Average rent for the month rose $44 to $1,430. This combined with an average income above the national average makes it one of the more affordable markets in the country to rent an apartment. Summary about cost of living in Jersey City, NJ, United States: Family of four estimated monthly costs are 3,995.30$ without rent (using our estimator) . If you have the money to buy and hold, you could … 5,439 results. 259 Rea Ave, Hawthorne, NJ 07506. While rent increases in the Garden State were like those across the county, the amount renters are forking over in New Jersey cities is generally higher than the national average. With its close proximity to major cities and a ton to do, NJ is a popular place to live. Add data for Jersey City, NJ! Planning a trip to New Jersey ? New Jersey is ranked number 14 out of all states in overall healthcare access and affordability. ... New Jersey, and New York. As of December 2020, average rent for an apartment in Jersey City, NJ is $2967 which is a 1.04% decrease from last year when the average rent was $2998 , and a 0.1% decrease from last month when the average rent was $2970. New Jersey has the fifth-highest income required to afford rent of all the states. As of October 2020, average rent for an apartment in Vineland, NJ is $904 which is a 30.09% decrease from last year when the average rent was $1176, and a 1.33% decrease from last month when the average rent was $916. Search 13 Rental Properties in Woodland Park, New Jersey. The Fair Market Rent in New Jersey ranges from $1,171 for a 2-bedroom apartment in Warren County, NJ HUD Metro FMR Area to $1,770 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area. Eight cities — Boston, Jersey City, Los Angeles, New York, Oakland, San Diego, San Francisco and San Jose — are in the 10 most expensive markets across all bedroom types One of those cities, San Francisco , is experiencing across-the-board rent decreases Search for a car rental location or browse the list below. New Jersey Apartments For Rent. 1 mi. Find 1 bedroom apartments for rent in Newark, New Jersey by comparing ratings and reviews. Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in New Jersey. The average cost of rent in New Jersey is $1,465 -- the seventh most expensive in the nation -- and residents would need to earn $28.17 an hour to afford it. Find Jersey City apartments, condos, town homes, single family homes and much more on Trulia. 3rd highest rent in the country out of 56 states and territories. New Jersey is around 8,791,894 people. NEW LISTING Price estimates were calculated on October 17, 2020. The town's population, with an average age of just under 37, is younger than most cities in New Jersey. It follows that New York City, NY placed second with at $3082. 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