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RentData.org Logo New Jersey Fair Market Rent for 2023 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$1,210 $1,356 $1,671 $2,120 $2,389
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 5th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Jersey ranges from $1,470 for a 2-bedroom apartment in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA to $2,088 for a 2-bedroom unit in Jersey City, NJ HUD Metro FMR Area.

For FY 2023, the Jersey City, NJ HUD Metro FMR Area (Hudson County) rent for a studio or efficiency is $1,765 per month and $2,805 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 $1,671 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Jersey is around 4,575,332 people. So, there are around 686,300 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 $1,081 $1,257 $1,583 $2,240 $2,445 264,650
Bergen-Passaic, NJ HUD Metro FMR Area Metro $1,321 $1,579 $1,832 $2,275 $2,859 931,275
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Metro $1,081 $1,218 $1,470 $1,789 $2,079 446,301
Ocean City, NJ MSA Metro $1,046 $1,178 $1,551 $1,925 $2,084 92,701
Vineland-Bridgeton, NJ MSA Metro $1,095 $1,143 $1,471 $1,941 $2,079 150,085
Newark, NJ HUD Metro FMR Area Metro $1,129 $1,338 $1,606 $2,038 $2,394 798,698
Jersey City, NJ HUD Metro FMR Area Metro $1,765 $1,821 $2,088 $2,578 $2,805 671,923
Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area Metro $1,336 $1,515 $1,917 $2,333 $2,575 125,063
Trenton, NJ MSA Metro $1,158 $1,321 $1,732 $2,108 $2,327 368,085
Monmouth-Ocean, NJ HUD Metro FMR Area Metro $1,146 $1,279 $1,602 $2,193 $2,441 620,821
Warren County, NJ HUD Metro FMR Area Metro $1,147 $1,268 $1,530 $1,897 $2,189 105,730
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