Property prices for rent in New Jersey region

The average rent price in the New Jersey region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.

$2,116.83
Average price last 6 months
$5.05
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in New Jersey has risen considerably in the last 6 months. During May, the average price per sq.feet was $3.87. The following month (June) the price had a considerable rise reaching $7.54 per sq.feet. In the following two months (July, August) the rent price per sq.feet has increased notably to a 129 %. In the last two months, the price per sq.feet has had a significant fall of 32 %. This has been obtained by comparing the price of $6.53 for the first four months of the sample with regard to the previous 4 months and the price of $2.08 per sq.feet for the last two months (September, October).

Average price

When referring to the price in New Jersey(region), there have hardly been any changes in the last 6 months. In the first month sample May the average price is $2,056. In June the price remains at $2,130. The average price for the following two months (July, August) rose from $2,093 to $2,235.5. During the last two months the price has gone down 93 % compared to the previous average values going from $2,164.25 a $2,022 in September y October.

Average price per bedrooms

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 7 % cheaper than the average price in New Jersey followed by those with 2 with an average price of $2,258. The most expensive properties have 4 bedrooms. They are 51 % more expensive than the average followed by those properties with 3 bedrooms priced at $2,281.

Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of $2.11 / sq.feet being $2.13 / sq.feet the average for New Jersey. The properties with the highest average price are those with 4 bedrooms. These are 143 % more expensive than the average followed by those with 3 bedrooms with a price of $4.41 / sq.feet.

Price per property type

The graph displaying the average rent price according to the property type shows "Office" as the most affordable one. With an average cost of $1,970 it is 34 % cheaper than the average in New Jersey. This is followed by "House" with a cost of $1,972. The most expensive property type is "Commercial" and is 75 % more costly than the average, followed by "Townhouse" with a cost of $2,185.

Based upon the average cost per sq.feet the most affordable property type is "Office with a an average price of $1.46 / sq.feet, followed by "Condo" with a price of $1.67 / sq.feet. "House" with an average price of $2.26 / sq.feet is the most expensive type of property followed by "Commercial" at a price of $2.23 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in region New Jersey
$1,970
$2.13
68,272
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
House For Sale In Dunellen, New Jersey, Ref# 11479935 Dunellen
 5
House For Sale In Dunellen, New Jersey, Ref# 11479935 Dunellen
$245,000
Dunellen, New Jersey - For Sale - House - 4 bedrooms - 2 bathrooms
House for sale in dunellen new jersey asking price usd bedrooms bathrooms more information and features realestate realtor newjersey features great deal...
House For Sale In Metuchen, New Jersey, Ref# 11479936 Metuchen
 5
House For Sale In Metuchen, New Jersey, Ref# 11479936 Metuchen
$265,000
Metuchen, New Jersey - For Sale - House - 3 bedrooms - 2 bathrooms
House for sale in metuchen new jersey asking price usd bedrooms bathrooms more information and features realestate realtor newjersey great features access...
House For Sale In Piscataway, New Jersey, Ref# 11479932 Piscataway
 5
House For Sale In Piscataway, New Jersey, Ref# 11479932 Piscataway
$377,900
Piscataway, New Jersey - For Sale - House - 3 bedrooms - 3 bathrooms
House for sale in piscataway new jersey asking price usd bedrooms bathrooms features pet friendly pool tennis court garage parking more information and features...
House For Sale In Highland Park, New Jersey, Ref# 11479934 Highland Park
 5
House For Sale In Highland Park, New Jersey, Ref# 11479934 Highland Park
$272,000
Highland Park, New Jersey - For Sale - House - 3 bedrooms - 1 bathroom
House for sale in highland park new jersey asking price usd bedrooms bathrooms features garage parking more information and features realestate realtor newjersey...
Rent To Own Or Purchase: This Beauti. Bernardsville
 36
Rent To Own Or Purchase: This Beauti. Bernardsville
$579,900
Bernardsville, New Jersey - For Sale - House - 2,280 sq.feet - 3 bedrooms - 2 bathrooms
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