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RentData.org Logo New Jersey Fair Market Rent for 2020 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$1,013 $1,185 $1,467 $1,875 $2,159
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 5th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Jersey ranges from $1,171 for a 2-bedroom apartment in Warren County, NJ HUD Metro FMR Area to $1,770 for a 2-bedroom unit in Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area.

For FY 2020, the Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area (Somerset County) rent for a studio or efficiency is $1,193 per month and $2,572 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 $1,467 per month.

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 $872 $1,028 $1,305 $1,745 $1,980 0
Bergen County Metro $1,151 $1,377 $1,623 $2,023 $2,481 0
Burlington County Metro $864 $1,013 $1,226 $1,528 $1,754 0
Camden County Metro $864 $1,013 $1,226 $1,528 $1,754 0
Cape May County Metro $814 $1,012 $1,250 $1,669 $1,708 0
Cumberland County Metro $853 $960 $1,259 $1,670 $1,985 0
Essex County Metro $1,034 $1,218 $1,483 $1,891 $2,236 0
Gloucester County Metro $864 $1,013 $1,226 $1,528 $1,754 0
Hudson County Metro $1,292 $1,439 $1,691 $2,107 $2,291 0
Hunterdon County Metro $1,193 $1,382 $1,770 $2,228 $2,572 0
Mercer County Metro $949 $1,128 $1,456 $1,814 $2,056 0
Middlesex County Metro $1,193 $1,382 $1,770 $2,228 $2,572 0
Monmouth County Metro $1,088 $1,270 $1,639 $2,251 $2,523 0
Morris County Metro $1,034 $1,218 $1,483 $1,891 $2,236 0
Ocean County Metro $1,088 $1,270 $1,639 $2,251 $2,523 0
Passaic County Metro $1,151 $1,377 $1,623 $2,023 $2,481 0
Salem County Metro $864 $1,013 $1,226 $1,528 $1,754 0
Somerset County Metro $1,193 $1,382 $1,770 $2,228 $2,572 0
Sussex County Metro $1,034 $1,218 $1,483 $1,891 $2,236 0
Union County Metro $1,034 $1,218 $1,483 $1,891 $2,236 0
Warren County Metro $845 $963 $1,171 $1,463 $1,641 0
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