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

Elizabeth, NJ

As of July 2025, Elizabeth's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Elizabeth's average rent is 2.0% ($49) higher than the New Jersey average of $2,461 and 41.4% ($735) higher than the U.S. average of $1,775.

Average Rent

$2,510

Monthly ChangeMonth Over Month Change

1.8% ($44)

Yearly ChangeYear Over Year Change

12.4% ($276)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,361	2.6% ($64)	11.5% ($243)
2 Beds	$2,818	1.9% ($53)	4.3% ($115)
3 Beds	$4,234	1.6% ($71)	5.9% ($236)

Nearby Cities	Average Rent	Avg. Rent vs. ElizabethAverage Rent vs. Elizabeth	Avg. Days on MarketAverage Days on Market
Hillside	$1,547	38.4% ($963)	47 days
Roselle	$1,491	40.6% ($1019)	49 days
Roselle Park	$2,369	5.6% ($141)	49 days
Union	$2,740	9.2% ($230)	43 days
Linden	$2,244	10.6% ($266)	48 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Elizabeth Rental Market FAQs

Explore rental prices, market trends, and availability in Elizabeth, NJ.

What is the average rent in Elizabeth, NJ?

The average rent in Elizabeth, NJ is $2,510 per month.

What is the rental price range for homes in Elizabeth, NJ?

Homes in Elizabeth typically rent for between $1,653 and $5,504 per month, with an average of $2,510 per month.

What is the average rent for different bedroom sizes in Elizabeth, NJ?

In Elizabeth, the average rent for a 1-bedroom home is $2,361 per month, for a 2-bedroom home, $2,818 per month, and a 3-bedroom home is $4,234 per month.

How do rent prices in Elizabeth, NJ compare with the national average?

The average rent in Elizabeth is 41.4% ($735) higher than the national average of $1,775 per month.

How have rent prices in Elizabeth, NJ changed recently?

The average rent in Elizabeth has increased by 1.8% ($44) in the last month and increased by 12.4% ($276) over the past year.

How competitive is the rental market in Elizabeth, NJ?

The rental market in Elizabeth, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Elizabeth, NJ?

In Elizabeth, NJ, the average rental stays on the market for approximately 47 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Elizabeth, NJ?

There are currently 19 rental properties available in Elizabeth, NJ.

Can I afford to rent a home in Elizabeth, NJ?

Based on the current averages, a household would need an annual income of $112,720 to comfortably afford a 2-bedroom home in Elizabeth.