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RentData.org Logo New Jersey Fair Market Rent for 2021 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$1,084 $1,257 $1,552 $1,980 $2,272
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 $1,260 for a 2-bedroom apartment in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA to $1,958 for a 2-bedroom unit in Jersey City, NJ HUD Metro FMR Area.

For FY 2021, the Jersey City, NJ HUD Metro FMR Area (Hudson County) rent for a studio or efficiency is $1,550 per month and $2,655 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 $1,552 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Jersey is around 8,960,150 people. So, there are around 1,344,023 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 $939 $1,108 $1,401 $1,919 $2,138 272,925
Bergen County Metro $1,253 $1,503 $1,768 $2,199 $2,724 937,920
Burlington County Metro $900 $1,040 $1,260 $1,567 $1,796 449,190
Camden County Metro $900 $1,040 $1,260 $1,567 $1,796 510,995
Cape May County Metro $898 $1,069 $1,361 $1,763 $1,846 94,550
Cumberland County Metro $929 $1,037 $1,353 $1,796 $2,086 154,950
Essex County Metro $1,129 $1,358 $1,643 $2,096 $2,498 800,400
Gloucester County Metro $900 $1,040 $1,260 $1,567 $1,796 291,370
Hudson County Metro $1,550 $1,686 $1,958 $2,435 $2,655 679,755
Hunterdon County Metro $1,204 $1,371 $1,753 $2,187 $2,492 125,715
Mercer County Metro $1,015 $1,170 $1,539 $1,914 $2,107 373,360
Middlesex County Metro $1,204 $1,371 $1,753 $2,187 $2,492 837,290
Monmouth County Metro $1,126 $1,291 $1,652 $2,277 $2,524 627,550
Morris County Metro $1,129 $1,358 $1,643 $2,096 $2,498 498,845
Ocean County Metro $1,126 $1,291 $1,652 $2,277 $2,524 589,700
Passaic County Metro $1,253 $1,503 $1,768 $2,199 $2,724 510,565
Salem County Metro $900 $1,040 $1,260 $1,567 $1,796 63,775
Somerset County Metro $1,204 $1,371 $1,753 $2,187 $2,492 333,315
Sussex County Metro $1,129 $1,358 $1,643 $2,096 $2,498 143,570
Union County Metro $1,129 $1,358 $1,643 $2,096 $2,498 557,320
Warren County Metro $938 $1,037 $1,278 $1,590 $1,733 107,090
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