RentData.org

RentData.org Logo New Jersey Fair Market Rent for 2019 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$989 $1,159 $1,432 $1,837 $2,125
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 56 states and territories. The Fair Market Rent in New Jersey ranges from $1,200 for a 2-bedroom apartment in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA to $1,746 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area.

For FY 2019, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Somerset County) rent for a studio or efficiency is $1,148 per month and $2,600 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 $1,432 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Jersey is around 8,791,894 people. So, there are around 1,318,784 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 $858 $1,003 $1,279 $1,683 $1,913 274,549
Bergen County Metro $1,202 $1,425 $1,674 $2,111 $2,559 905,116
Burlington County Metro $840 $992 $1,200 $1,503 $1,715 448,734
Camden County Metro $840 $992 $1,200 $1,503 $1,715 513,657
Cape May County Metro $772 $998 $1,202 $1,634 $1,845 97,265
Cumberland County Metro $842 $936 $1,229 $1,632 $1,939 156,898
Essex County Metro $1,042 $1,188 $1,447 $1,847 $2,159 783,969
Gloucester County Metro $840 $992 $1,200 $1,503 $1,715 288,288
Hudson County Metro $1,178 $1,322 $1,573 $1,971 $2,126 634,266
Hunterdon County Metro $1,148 $1,360 $1,746 $2,213 $2,600 128,349
Mercer County Metro $897 $1,082 $1,361 $1,749 $1,995 366,513
Middlesex County Metro $1,148 $1,360 $1,746 $2,213 $2,600 809,858
Monmouth County Metro $950 $1,137 $1,479 $2,013 $2,286 630,380
Morris County Metro $1,042 $1,188 $1,447 $1,847 $2,159 492,276
Ocean County Metro $950 $1,137 $1,479 $2,013 $2,286 576,567
Passaic County Metro $1,202 $1,425 $1,674 $2,111 $2,559 501,226
Salem County Metro $840 $992 $1,200 $1,503 $1,715 66,083
Somerset County Metro $1,148 $1,360 $1,746 $2,213 $2,600 323,444
Sussex County Metro $1,042 $1,188 $1,447 $1,847 $2,159 149,265
Union County Metro $1,042 $1,188 $1,447 $1,847 $2,159 536,499
Warren County Metro $938 $1,069 $1,297 $1,625 $1,823 108,692
Top