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RentData.org Logo New Jersey Fair Market Rent for 2024 Accurate Rental Price Data

Average Fair Market Rent Prices in New Jersey:
$1,369 $1,513 $1,851 $2,347 $2,637
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 7th highest rent in the country out of 112 states and territories. The Fair Market Rent in New Jersey ranges from $1,540 for a 2-bedroom apartment in Warren County, NJ HUD Metro FMR Area to $2,299 for a 2-bedroom unit in Jersey City, NJ HUD Metro FMR Area.

For FY 2024, the Jersey City, NJ HUD Metro FMR Area (Hudson County) rent for a studio or efficiency is $1,993 per month and $3,183 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 $1,851 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 $1,172 $1,340 $1,670 $2,353 $2,584 264,650
Bergen-Passaic, NJ HUD Metro FMR Area Metro $1,400 $1,645 $1,892 $2,342 $2,946 931,275
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Metro $1,303 $1,451 $1,737 $2,100 $2,422 446,301
Ocean City, NJ MSA Metro $1,107 $1,194 $1,569 $1,973 $2,090 92,701
Vineland-Bridgeton, NJ MSA Metro $1,186 $1,216 $1,545 $2,043 $2,112 150,085
Newark, NJ HUD Metro FMR Area Metro $1,379 $1,590 $1,916 $2,424 $2,800 798,698
Jersey City, NJ HUD Metro FMR Area Metro $1,993 $2,025 $2,299 $2,855 $3,183 671,923
Middlesex-Somerset-Hunterdon, NJ HUD Metro FMR Area Metro $1,608 $1,807 $2,276 $2,756 $3,031 125,063
Trenton, NJ MSA Metro $1,354 $1,550 $1,998 $2,416 $2,661 368,085
Monmouth-Ocean, NJ HUD Metro FMR Area Metro $1,385 $1,546 $1,916 $2,604 $2,904 620,821
Warren County, NJ HUD Metro FMR Area Metro $1,171 $1,277 $1,540 $1,950 $2,278 105,730
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