New Jersey Fair Market Rents

2022 Fair Market Rents

2022 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 $1,545.

The highest average FMR for a two-bedroom apartment in the United States is $1,888 in Hawaii. The lowest for a two-bedroom apartment is $485 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 $1,972 in Hudson County. The lowest FMR for a two-bedroom apartment is $1,298 in Gloucester County, Camden County, and 2 others.

New Jersey ($1,545) has a 55% higher FMR for 2-Bedroom housing than the average of the US ($997) and therefore has a higher gross rent.

New Jersey is rank 6th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is higher than 50 other States and territories. New Jersey is the 6th most expensive State or territory in terms of FMRs.

Average FMRs for New Jersey

6th
Rank
$1,089
Studio
$1,252
1-person
$1,545
2-person
$1,960
3-person
$2,240
4-person
Counties in New Jersey (21)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Hudson County 1st $1,610 $1,711 $1,972 $2,438 $2,674
Somerset County 2nd $1,275 $1,455 $1,851 $2,288 $2,547
Middlesex County 2nd $1,275 $1,455 $1,851 $2,288 $2,547
Hunterdon County 2nd $1,275 $1,455 $1,851 $2,288 $2,547
Bergen County 5th $1,237 $1,481 $1,736 $2,159 $2,691
Passaic County 5th $1,237 $1,481 $1,736 $2,159 $2,691
Ocean County 7th $1,092 $1,230 $1,558 $2,142 $2,374
Monmouth County 7th $1,092 $1,230 $1,558 $2,142 $2,374
Mercer County 9th $1,072 $1,226 $1,613 $1,994 $2,187
Essex County 10th $1,017 $1,223 $1,479 $1,887 $2,249
Morris County 10th $1,017 $1,223 $1,479 $1,887 $2,249
Sussex County 10th $1,017 $1,223 $1,479 $1,887 $2,249
Union County 10th $1,017 $1,223 $1,479 $1,887 $2,249
Atlantic County 14th $946 $1,107 $1,407 $1,972 $2,183
Cape May County 15th $973 $1,113 $1,465 $1,816 $1,987
Cumberland County 16th $970 $1,061 $1,377 $1,813 $2,025
Warren County 17th $988 $1,113 $1,365 $1,687 $1,868
Gloucester County 18th $940 $1,071 $1,298 $1,605 $1,837
Camden County 18th $940 $1,071 $1,298 $1,605 $1,837
Salem County 18th $940 $1,071 $1,298 $1,605 $1,837
Burlington County 18th $940 $1,071 $1,298 $1,605 $1,837

More on New Jersey

Want to learn more about New Jersey? See Loan Limits in New Jersey to view maximum loan amounts or click here to find a Public Housing Authority in New Jersey who can help with finding affordable housing near you.

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.