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What to Know About

Living in New Jersey

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

New Jersey

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As of October 2026, New Jersey's rental market is competitive, with rentals spending about 30 days on the market, faster than in the U.S. (33), and rents down 1.2% over the past year. New Jersey's average rent is 25.2% ($524) higher than the U.S. average of $2,082.

Average Rent
$2,606
Monthly ChangeMonth Over Month Change
Decreased0.31% ($8)
Yearly ChangeYear Over Year Change
Decreased1.2% ($32)
Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,241 Decreased0.07% ($2) Increased0.4% ($10)
2 Beds $2,821 Decreased0.27% ($8) Decreased1.7% ($49)
3 Beds $3,117 Decreased1.39% ($44) Decreased5.9% ($195)
Top Markets in New Jersey Average Rent Avg. Rent vs. NJAverage Rent vs. New Jersey Days on Market
Newark $2,125 Decreased18.5% ($481) 29 days
Jersey City $3,205 Increased23.0% ($599) 28 days
East Orange $1,951 Decreased25.1% ($655) 32 days
Trenton $2,035 Decreased21.9% ($571) 32 days
Irvington $1,966 Decreased24.6% ($640) 29 days
Based on rentals advertised on RentalSource in New Jersey.
Frequently Asked Questions
New Jersey Rental Market FAQs

Explore rental prices, market conditions, and affordability in New Jersey.

The average rent in New Jersey is $2,606 per month.
In New Jersey, the average rent is $2,241 per month for a 1-bedroom apartment, $2,821 for a 2-bedroom apartment and $3,117 for a 3-bedroom apartment.
The average rent in New Jersey is 25.2% ($524) higher than the national average of $2,082 per month.
The rental market in New Jersey is currently competitive, with rentals spending about 30 days on the market, faster than in the U.S. (33), and rents down 1.2% over the past year.
Based on the current averages, a household would need an annual income of $112,800 to comfortably afford a 2-bedroom apartment in New Jersey.
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