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RentData.org Logo New Jersey Fair Market Rent for 2007 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$808 $903 $1,065 $1,310 $1,475
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

New Jersey (NJ) has the 3rd highest rent in the country out of 54 states and territories. The Fair Market Rent in New Jersey ranges from $834 for a 2-bedroom apartment in Ocean City, NJ MSA to $1,257 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area.

For FY 2007, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Hunterdon County) rent for a studio or efficiency is $1,031 per month and $1,860 per month to rent a house or an apartment with 4 bedrooms. The average Fair Market Rent for a 2-bedroom home in New Jersey is $1,065 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Jersey is around 8,414,350 people. So, there are around 1,262,153 people in New Jersey who could be receiving housing benefits from the HUD.

Click on your region in the list below or on the map to see a more detailed break down of rental prices.

What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in New Jersey. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

New Jersey Fair Market Rent Map

Click on a region to view more detailed rent data.

Lookup FMR by Zip Code FHA Loan Limits in New Jersey
Change Year:
County 0 BR 1 BR 2 BR 3 BR 4 BR Est. Population
Atlantic County Metro $734 $808 $964 $1,222 $1,371 252,552
Bergen County Metro $927 $1,037 $1,163 $1,436 $1,654 884,118
Burlington County Metro $676 $773 $923 $1,105 $1,314 423,394
Camden County Metro $676 $773 $923 $1,105 $1,314 508,932
Cape May County Metro $650 $663 $834 $1,093 $1,125 102,326
Cumberland County Metro $703 $706 $889 $1,080 $1,138 146,438
Essex County Metro $761 $930 $1,063 $1,272 $1,407 793,633
Gloucester County Metro $676 $773 $923 $1,105 $1,314 254,673
Hudson County Metro $936 $989 $1,154 $1,399 $1,506 608,975
Hunterdon County Metro $1,031 $1,068 $1,257 $1,578 $1,860 121,989
Mercer County Metro $784 $902 $1,084 $1,295 $1,454 350,761
Middlesex County Metro $1,031 $1,068 $1,257 $1,578 $1,860 750,162
Monmouth County Metro $830 $958 $1,170 $1,525 $1,654 615,301
Morris County Metro $761 $930 $1,063 $1,272 $1,407 470,212
Ocean County Metro $830 $958 $1,170 $1,525 $1,654 510,916
Passaic County Metro $927 $1,037 $1,163 $1,436 $1,654 489,049
Salem County Metro $676 $773 $923 $1,105 $1,314 64,285
Somerset County Metro $1,031 $1,068 $1,257 $1,578 $1,860 297,490
Sussex County Metro $761 $930 $1,063 $1,272 $1,407 144,166
Union County Metro $761 $930 $1,063 $1,272 $1,407 522,541
Warren County Metro $802 $898 $1,050 $1,257 $1,294 102,437
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