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What to Know About
Life in Chatham & Beyond
Chatham shares many of the great qualities that make New Jersey a desirable place to live.
New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.
Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.
A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.
Rental Market Trends
Chatham, NJ
As of May 2025, Chatham's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Chatham's average rent is 22.3% ($539) higher than the New Jersey average of $2,419 and 65.0% ($1,165) higher than the U.S. average of $1,793.
Average Rent
$2,958
Monthly ChangeMonth Over Month Change
7.8% ($250)
Yearly ChangeYear Over Year Change
20.7% ($508)
Avg. Days on MarketAverage Days on Market
35
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,539 | 0.3% ($7) | 9.2% ($214) |
| 2 Beds | $3,261 | 0.9% ($29) | 9.9% ($294) |
| 3 Beds | $4,954 | 3.6% ($170) | 12.9% ($566) |
| Nearby Cities | Average Rent | Avg. Rent vs. ChathamAverage Rent vs. Chatham | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| New Providence | $2,038 | 31.1% ($920) | 47 days |
| Summit | $3,813 | 28.9% ($855) | 48 days |
| Berkeley Heights | $2,472 | 16.4% ($486) | 46 days |
| Florham Park | $3,028 | 2.4% ($70) | 36 days |
| Short Hills | $3,229 | 9.2% ($271) | 28 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Chatham Rental Market FAQs
Explore rental prices, market trends, and availability in Chatham, NJ.
The average rent in Chatham, NJ is $2,958 per month.
Homes in Chatham typically rent for between $1,777 and $6,440 per month, with an average of $2,958 per month.
In Chatham, the average rent for a 1-bedroom home is $2,539 per month, for a 2-bedroom home, $3,261 per month, and a 3-bedroom home is $4,954 per month.
The average rent in Chatham is 65% ($1,165) higher than the national average of $1,793 per month.
The average rent in Chatham has decreased by 7.8% ($250) in the last month and increased by 20.7% ($508) over the past year.
The rental market in Chatham, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Chatham, NJ, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 10 rental properties available in Chatham, NJ.
Based on the current averages, a household would need an annual income of $130,440 to comfortably afford a 2-bedroom home in Chatham.
