Homes & Apartments for Rent in Penns Grove, NJ

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What to Know About

Life in Penns Grove & Beyond

Penns Grove 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

Penns Grove, NJ

As of June 2026, Penns Grove's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Penns Grove's average rent is 43.7% ($1,071) lower than the New Jersey average of $2,449 and 23.3% ($419) lower than the U.S. average of $1,797.

Average Rent
$1,378
Monthly ChangeMonth Over Month Change
Increased1.9% ($26)
Yearly ChangeYear Over Year Change
Increased1.9% ($26)
Avg. Days on MarketAverage Days on Market
40
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,021 Increased5.7% ($55) Increased5.7% ($55)
2 Beds $1,268 Increased2.8% ($35) Increased2.8% ($35)
3 Beds $1,457 Decreased20.1% ($367) Decreased20.1% ($367)
Nearby Cities Average Rent Avg. Rent vs. Penns GroveAverage Rent vs. Penns Grove Avg. Days on MarketAverage Days on Market
Claymont $1,611 Increased16.9% ($233) 30 days
Swedesboro $2,483 Increased80.2% ($1105) 37 days
Wilmington $1,503 Increased9.1% ($125) 35 days
Marcus Hook $1,503 Increased9.1% ($125) 36 days
New Castle $1,521 Increased10.4% ($143) 30 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Penns Grove Rental Market FAQs

Explore rental prices, market trends, and availability in Penns Grove, NJ.

The average rent in Penns Grove, NJ is $1,378 per month.
Homes in Penns Grove typically rent for between $715 and $1,894 per month, with an average of $1,378 per month.
In Penns Grove, the average rent for a 1-bedroom home is $1,021 per month, for a 2-bedroom home, $1,268 per month, and a 3-bedroom home is $1,457 per month.
The average rent in Penns Grove is 23.3% ($419) lower than the national average of $1,797 per month.
The average rent in Penns Grove has increased by 1.9% ($26) in the last month and increased by 1.9% ($26) over the past year.
The rental market in Penns Grove, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Penns Grove, NJ, the average rental stays on the market for approximately 40 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 Penns Grove, NJ.
Based on the current averages, a household would need an annual income of $50,720 to comfortably afford a 2-bedroom home in Penns Grove.
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