The Botanic
36 Washington Ave,
Carteret, NJ 07008
1-2 Beds | $2,206 - $4,588
Rental Market Trends in Carteret, NJ
What is the average rent in Carteret, NJ?
$2,107/month
Average Rent
837 Sq Ft
Average Apartment Size
-1.1%
Decrease in the Last Year
As of April 2025, the average rent in Carteret, NJ is $2,107 per month. This is 34% higher than the national average rent price of $1,576/month, making Carteret one of the most expensive cities in the US. When you rent an apartment in Carteret, you can expect to pay about $1,542 per month for a studio, $2,107 for a one-bedroom apartment, and around $2,555 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,134 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 Carteret, NJ?
In the past year, rent has decreased by 1.1%, which averages out to $22 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Carteret, NJ
Last Updated April 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
17%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
83%
Above $2,000/month
What salary do I need to live comfortably in Carteret, NJ?
Because the average rent in Carteret is $2,107, you’ll want to make about $7,023 per month or $84,276 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 Carteret, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Carteret, 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.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.