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RentData.org Logo New Jersey Fair Market Rent for 2015 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$881 $1,024 $1,253 $1,649 $1,907
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR

New Jersey (30) has the 3rd highest rent in the country out of 108 states and territories. The Fair Market Rent in New Jersey ranges from $1,115 for a 2-bedroom apartment in Vineland-Millville-Bridgeton, NJ MSA to $1,495 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area.

For FY 2015, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Hunterdon County) rent for a studio or efficiency is $952 per month and $2,545 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 $1,253 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Jersey is around 4,534,731 people. So, there are around 680,210 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 City-Hammonton, NJ MSA Metro $817 $947 $1,176 $1,626 $1,890 274,549
Bergen-Passaic, NJ HUD Metro FMR Area Metro $1,070 $1,156 $1,371 $1,776 $2,014 905,116
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Metro $814 $959 $1,156 $1,440 $1,546 448,734
Ocean City, NJ MSA Metro $668 $833 $1,122 $1,588 $1,671 97,265
Vineland-Millville-Bridgeton, NJ MSA Metro $784 $905 $1,115 $1,432 $1,795 156,898
Newark, NJ HUD Metro FMR Area Metro $1,025 $1,063 $1,269 $1,637 $1,871 783,969
Jersey City, NJ HUD Metro FMR Area Metro $1,009 $1,109 $1,315 $1,673 $1,847 634,266
Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area Metro $952 $1,214 $1,495 $1,940 $2,545 128,349
Trenton-Ewing, NJ MSA Metro $932 $1,053 $1,269 $1,659 $1,919 366,513
Monmouth-Ocean, NJ HUD Metro FMR Area Metro $936 $1,106 $1,373 $1,903 $2,239 630,380
Warren County, NJ HUD Metro FMR Area Metro $687 $921 $1,124 $1,469 $1,638 108,692
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