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

Somerset, NJ

As of July 2025, Somerset's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Somerset's average rent is 3.3% ($80) lower than the New Jersey average of $2,461 and 34.1% ($606) higher than the U.S. average of $1,775.

Average Rent

$2,381

Monthly ChangeMonth Over Month Change

1.4% ($32)

Yearly ChangeYear Over Year Change

15.7% ($442)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,968	0.7% ($13)	21% ($524)
2 Beds	$2,548	0.6% ($14)	19.9% ($633)
3 Beds	$3,828	3% ($118)	18.6% ($876)

Nearby Cities	Average Rent	Avg. Rent vs. SomersetAverage Rent vs. Somerset	Avg. Days on MarketAverage Days on Market
Bound Brook	$2,239	6% ($142)	38 days
New Brunswick	$2,594	8.9% ($213)	56 days
North Brunswick	$1,934	18.8% ($447)	56 days
Middlesex	$2,029	14.8% ($352)	51 days
Piscataway	$2,633	10.6% ($252)	50 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Somerset Rental Market FAQs

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

What is the average rent in Somerset, NJ?

The average rent in Somerset, NJ is $2,381 per month.

What is the rental price range for houses in Somerset, NJ?

Houses in Somerset typically rent for between $1,378 and $4,976 per month, with an average of $2,381 per month.

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

In Somerset, the average rent for a 1-bedroom house is $1,968 per month, for a 2-bedroom house, $2,548 per month, and a 3-bedroom house is $3,828 per month.

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

The average rent in Somerset is 34.1% ($606) higher than the national average of $1,775 per month.

How have rent prices in Somerset, NJ changed recently?

The average rent in Somerset has increased by 1.4% ($32) in the last month and decreased by 15.7% ($442) over the past year.

How competitive is the rental market in Somerset, NJ?

The rental market in Somerset, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

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

In Somerset, NJ, the average rental stays on the market for approximately 38 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 Somerset, NJ?

There are currently 12 rental properties available in Somerset, NJ.

Can I afford to rent a house in Somerset, NJ?

Based on the current averages, a household would need an annual income of $101,920 to comfortably afford a 2-bedroom house in Somerset.