Parkway Lofts
5 Lawrence St,
Bloomfield, NJ 07003
Studio - 2 Beds | $2,000 - 3,610
Rental Market Trends in Bloomfield, NJ
What is the average rent in Bloomfield, NJ?
$1,959/month
Average Rent
690 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of November 2024, the average rent in Bloomfield, NJ is $1,959 per month. This is 26% higher than the national average rent price of $1,559/month, making Bloomfield one of the most expensive cities in the US. When you rent an apartment in Bloomfield, you can expect to pay about $1,796 per month for a studio, $1,959 for a one-bedroom apartment, and around $2,876 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,811 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Bloomfield, NJ?
In the past year, rent has increased by 1.8%, which averages out to $35 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Bloomfield, NJ
Last Updated November 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
22%
$1,001 - $1,500/month
37%
$1,501 - $2,000/month
37%
Above $2,000/month
What salary do I need to live comfortably in Bloomfield, NJ?
Because the average rent in Bloomfield is $1,959, you’ll want to make about $6,530 per month or $78,360 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Bloomfield, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Bloomfield, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Bloomfield we think you'll love
Property Management Companies in Bloomfield, NJ
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Asden Investment Properties
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Value Companies
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17
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3,330
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12
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Russo Development
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14
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4,842
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11
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AION Management
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19,457
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38
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Sterling Properties
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.