According to the most recent data from Zillow, the average rent in New Jersey for February 2020 is $1,975. With an averge apartment size of 1,347 sqft, the average price per square foot in New Jersey is $1.466.
Compared to the national average of $1,650, New Jersey rent costs 19.7% more. Read our analysis of rents by state to see how New Jersey ranks.
Here's a look at how average rents have changed over time:
As you would expect, the median price for rent in New Jersey increases as the number of bedrooms in the unit increases. Studios rent the cheapest in New Jersey clocking in at $1,900, while a four bedroom rental will set you back $2,350 per month.
We think the best deal comes in the form of a two bedroom for $1,885 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $587/room/month.
Read on to find out more or for more on New Jersey check out:
New Jersey has experienced a $0 change in rent over the past month going from $1,975 to $1,975. That change comes out to 0.0%.
For reference, the US national average rent changed $0 in the past month or 0.0%.
Here's a look at the month over month change for each month since 2010 for New Jersey:
Over the past year, the average rent in New Jersey changed $75 from $1,900 to $1,975. A change of $75 means that rents changed 3.9% in a year.
That compares to the US national change of $5 in the past year or 0.3%.
Here's a look at the year over year change by month since 2011 for New Jersey: