New Jersey Fair Market Rents

2024 Fair Market Rents

2024 FMRs in New Jersey by county. Click on the map below to view FMRs for a particular county.

New Jersey Map

Minimum FMR
Maximum FMR

FMRs vary across New Jersey based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in New Jersey is $1,889.

The highest average FMR for a two-bedroom apartment in the United States is $2,095 in Hawaii. The lowest for a two-bedroom apartment is $574 in Puerto Rico.

FMRs in New Jersey are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for detailed information on how FMRs are calculated. Click on a specific county on the map or from the table below for detailed FMR information including Small Area FMRs.

How does New Jersey compare?

The highest FMR for a two-bedroom apartment in New Jersey is $2,299 in Hudson County. The lowest FMR for a two-bedroom apartment is $1,540 in Warren County.

New Jersey ($1,889) has a 56.4% higher FMR for 2-Bedroom housing than the average of the US ($1,208) and therefore has a higher gross rent.

New Jersey is rank 4th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is higher than 52 other States and territories. New Jersey is the 4th most expensive State or territory in terms of FMRs.

Average FMRs for New Jersey

4th
Rank
$1,386
Studio
$1,551
1-person
$1,889
2-person
$2,374
3-person
$2,695
4-person
Counties in New Jersey (21)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Hudson County 1st $1,993 $2,025 $2,299 $2,855 $3,183
Hunterdon County 2nd $1,608 $1,807 $2,276 $2,756 $3,031
Middlesex County 2nd $1,608 $1,807 $2,276 $2,756 $3,031
Somerset County 2nd $1,608 $1,807 $2,276 $2,756 $3,031
Mercer County 5th $1,354 $1,550 $1,998 $2,416 $2,661
Essex County 6th $1,379 $1,590 $1,916 $2,424 $2,800
Monmouth County 6th $1,385 $1,546 $1,916 $2,604 $2,904
Morris County 6th $1,379 $1,590 $1,916 $2,424 $2,800
Ocean County 6th $1,385 $1,546 $1,916 $2,604 $2,904
Sussex County 6th $1,379 $1,590 $1,916 $2,424 $2,800
Union County 6th $1,379 $1,590 $1,916 $2,424 $2,800
Bergen County 12th $1,400 $1,645 $1,892 $2,342 $2,946
Passaic County 12th $1,400 $1,645 $1,892 $2,342 $2,946
Burlington County 14th $1,303 $1,451 $1,737 $2,100 $2,422
Camden County 14th $1,303 $1,451 $1,737 $2,100 $2,422
Gloucester County 14th $1,303 $1,451 $1,737 $2,100 $2,422
Salem County 14th $1,303 $1,451 $1,737 $2,100 $2,422
Atlantic County 18th $1,172 $1,340 $1,670 $2,353 $2,584
Cape May County 19th $1,107 $1,194 $1,569 $1,973 $2,090
Cumberland County 20th $1,186 $1,216 $1,545 $2,043 $2,112
Warren County 21st $1,171 $1,277 $1,540 $1,950 $2,278

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.