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 Providence, NJ

As of July 2025, New Providence's rental market is stable, offering a predictable rental market where most units lease within a few weeks. New Providence's average rent is 9.3% ($229) lower than the New Jersey average of $2,461 and 25.7% ($457) higher than the U.S. average of $1,775.

Average Rent

$2,232

Monthly ChangeMonth Over Month Change

5.3% ($113)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,194	7% ($144)	No change
2 Beds	$2,840	6.9% ($183)	No change
3 Beds	$4,267	3.1% ($130)	No change

Nearby Cities	Average Rent	Avg. Rent vs. New ProvidenceAverage Rent vs. New Providence	Avg. Days on MarketAverage Days on Market
Chatham	$2,958	32.5% ($726)	35 days
Berkeley Heights	$2,519	12.9% ($287)	46 days
Summit	$2,925	31% ($693)	48 days
Springfield	$2,448	9.7% ($216)	43 days
Westfield	$2,763	23.8% ($531)	49 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

New Providence Rental Market FAQs

Explore rental prices, market trends, and availability in New Providence, NJ.

What is the average rent in New Providence, NJ?

The average rent in New Providence, NJ is $2,232 per month.

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

Homes in New Providence typically rent for between $1,536 and $5,547 per month, with an average of $2,232 per month.

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

In New Providence, the average rent for a 1-bedroom home is $2,194 per month, for a 2-bedroom home, $2,840 per month, and a 3-bedroom home is $4,267 per month.

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

The average rent in New Providence is 25.7% ($457) higher than the national average of $1,775 per month.

How competitive is the rental market in New Providence, NJ?

The rental market in New Providence, 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 New Providence, NJ?

In New Providence, 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 New Providence, NJ?

There is currently 1 rental property available in New Providence, NJ.

Can I afford to rent a home in New Providence, NJ?

Based on the current averages, a household would need an annual income of $113,600 to comfortably afford a 2-bedroom home in New Providence.