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RentData.org Logo New Jersey Fair Market Rent for 2017 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$943 $1,089 $1,343 $1,749 $2,027
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 56 states and territories. The Fair Market Rent in New Jersey ranges from $1,118 for a 2-bedroom apartment in Warren County, NJ HUD Metro FMR Area to $1,654 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area.

For FY 2017, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Hunterdon County) rent for a studio or efficiency is $1,054 per month and $2,551 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 $1,343 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 $912 $1,013 $1,310 $1,765 $2,010 274,549
Bergen-Passaic, NJ HUD Metro FMR Area Metro $1,178 $1,328 $1,557 $2,001 $2,362 905,116
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Metro $845 $1,003 $1,211 $1,515 $1,686 448,734
Ocean City, NJ MSA Metro $719 $933 $1,133 $1,574 $1,942 97,265
Vineland-Bridgeton, NJ MSA Metro $809 $878 $1,130 $1,478 $1,688 156,898
Newark, NJ HUD Metro FMR Area Metro $1,007 $1,063 $1,288 $1,655 $1,886 783,969
Jersey City, NJ HUD Metro FMR Area Metro $1,151 $1,278 $1,519 $1,946 $2,094 634,266
Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area Metro $1,054 $1,296 $1,654 $2,109 $2,551 128,349
Trenton, NJ MSA Metro $947 $1,109 $1,364 $1,793 $2,073 366,513
Monmouth-Ocean, NJ HUD Metro FMR Area Metro $951 $1,156 $1,484 $2,007 $2,320 630,380
Warren County, NJ HUD Metro FMR Area Metro $795 $927 $1,118 $1,399 $1,683 108,692
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