Property prices for rent in Montclair (New Jersey)

The rent prices in real estate in Montclair, in the New Jersey region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Montclair has had a strong fall during the last 6 months. In April, the average price per sq.feet was $19.76. In May this price barely changed remaining at $20.68 per sq.feet. In the following two months the price per sq.feet has risen 109 %, going from $20.22 to $22.05 per sq.feet. The price per sq.feet has had a considerable fall of 13 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $21.13 to $2.81 during August, and September.

Average price

When referring to the price in Montclair (cities), this has risen in the last 6 months. The rent price in April is $2,201, rising in May till $2,439. During the following two months (June, July) the price has had an average rise from $2,320 to $2,515. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $2,417.5 and $2,411 between August and September.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $2,264 they are 8 % more affordable than the average price for Montclair . The properties with the highest average price have 2 bedrooms, Their price is 14 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,546.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.63 / sq.feet price in Montclair. The properties with the most expensive average prices have 3 bedrooms. They are 50 % more expensive than the average followed by properties with 1 bedroom with a price at $2.82 / sq.feet.

Price per property type

With regard to the average price based upon the property in Montclair we can see that the least affordable property type is "House" at a price of $2,457, they are 9 % more expensive than the average price of (!PRECIO2!). "House" has the most expensive price. This price is 9 % more expensive than the average price aforementioned.

According to the average area price by sq.feet the most affordable property type is "House with an average cost of $1 / sq.feet. "House" with an average price of $1 / sq.feet has the most affordable price and would be directed at less affluent cities.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in Montclair
Number of properties used in region New Jersey
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value