Homes & Apartments for Rent in 07023

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What to Know About

Life in Fanwood & Beyond

Fanwood 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

Fanwood, NJ

As of June 2026, Fanwood's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Fanwood's average rent is 40.3% ($988) higher than the New Jersey average of $2,449 and 91.3% ($1,640) higher than the U.S. average of $1,797.

Average Rent
$3,437
Monthly ChangeMonth Over Month Change
Increased2.3% ($76)
Yearly ChangeYear Over Year Change
Increased37.9% ($945)
Avg. Days on MarketAverage Days on Market
48
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,634 Decreased0.9% ($24) Increased8.3% ($201)
2 Beds $4,006 Increased1.6% ($64) Increased29% ($901)
3 Beds $5,392 Decreased0.8% ($42) Increased17.4% ($800)
Nearby Cities Average Rent Avg. Rent vs. FanwoodAverage Rent vs. Fanwood Avg. Days on MarketAverage Days on Market
Plainfield $1,880 Decreased45.3% ($1557) 47 days
Berkeley Heights $2,594 Decreased24.5% ($843) 46 days
New Providence $2,282 Decreased33.6% ($1155) 47 days
Springfield $2,842 Decreased17.3% ($595) 43 days
South Plainfield $2,534 Decreased26.3% ($903) 50 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Fanwood Rental Market FAQs

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

The average rent in Fanwood, NJ is $3,437 per month.
Homes in Fanwood typically rent for between $1,844 and $7,010 per month, with an average of $3,437 per month.
In Fanwood, the average rent for a 1-bedroom home is $2,634 per month, for a 2-bedroom home, $4,006 per month, and a 3-bedroom home is $5,392 per month.
The average rent in Fanwood is 91.3% ($1,640) higher than the national average of $1,797 per month.
The average rent in Fanwood has increased by 2.3% ($76) in the last month and increased by 37.9% ($945) over the past year.
The rental market in Fanwood, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Fanwood, NJ, the average rental stays on the market for approximately 48 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 2 rental properties available in Fanwood, NJ.
Based on the current averages, a household would need an annual income of $160,240 to comfortably afford a 2-bedroom home in Fanwood.
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