Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo New Jersey Fair Market Rent for 2023 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$1,081 $1,257 $1,583 $2,240 $2,445
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 6th highest rent in the country out of 56 states and territories. The Fair Market Rent in New Jersey is $1,583 for a 2-bedroom apartment in Atlantic City-Hammonton, NJ MSA.

For FY 2023, the Atlantic City-Hammonton, NJ MSA (Atlantic County) rent for a studio or efficiency is $1,081 per month and $2,445 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 $1,583 per month.

Approximately 15% of Americans qualify for some level of housing assistance. The population in New Jersey is around 264,650 people. So, there are around 39,698 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
Metro $1,081 $1,257 $1,583 $2,240 $2,445 264,650
Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔