Property prices for rent in New Providence (New Jersey)

The rent prices in real estate in New Providence, 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 New Providence has had a strong fall during the last 6 months. In July, the average price per sq.feet was $273.79. In the following month the price per sq.feet rose to $293.07. The price for the following two months in (September, October) had a considerable fall of 8 with regard to the previous two months. The price per sq.feet has had a considerable fall of 1 % 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 $152.44 to $2.14 during November, and December.

Average price

When referring to the price in New Providence (cities), this has fallen in the last 6 months. The average price for July is $2,528. During August the price had a considerable fall till $2,137. During the following two months (September, October) the price has had an average rise from $2,332.5 to $2,560.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from $2,446.5 to $2,244 in November and December.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 4 bedrooms are the most affordable ones. At a price of $2,174 they are 27 % more affordable than the average price for New Providence . The properties with the highest average price have 3 bedrooms, Their price is 64 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,886.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1.95 / sq.feet, with an average $2.16 / sq.feet price in New Providence. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $2.36 / sq.feet.

Price per property type

According to average price per property type in New Providence, "" priced at $1,597 is 27 % lower than the average price ($2,174) in this city.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in New Providence
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