Summit Court Luxury Apartments
1776 Patriot Way,
Union, NJ 07083
1-2 Beds | $2,305 - 3,387
Rental Market Trends in Elizabeth, NJ
What is the average rent in Elizabeth, NJ?
$1,539/month
Average Rent
620 Sq Ft
Average Apartment Size
+3.1%
Increase in the Last Year
As of November 2024, the average rent in Elizabeth, NJ is $1,539 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means Elizabeth rent prices are 1% lower than the national average. When you rent an apartment in Elizabeth, you can expect to pay about $1,372 per month for a studio, $1,539 for a one-bedroom apartment, and around $1,904 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,949 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 Elizabeth, NJ?
In the past year, rent has increased by 3.1%, which averages out to $48 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 Elizabeth, NJ
Last Updated November 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
10%
$700 - $1,000/month
43%
$1,001 - $1,500/month
32%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Elizabeth?
Based on current rent prices, Downtown Elizabeth is the most affordable neighborhood in Elizabeth.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Elizabeth?
Based on current rent prices, Downtown Elizabeth is the most expensive neighborhood in Elizabeth.
Neighborhood
Average Rent
Average Sq Ft
Which Elizabeth neighborhoods have the most rentals available?
The neighborhood in Elizabeth with the most apartments available is Downtown Elizabeth .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Elizabeth, NJ?
Because the average rent in Elizabeth is $1,539, you’ll want to make about $5,130 per month or $61,560 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 Elizabeth, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Elizabeth, 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.
Studio
$1,523/month
$1,523/month
One Bedroom
$1,804/month
$1,804/month
Two Bedroom
$2,255/month
$2,255/month
Three Bedroom
$1,974/month
$1,974/month
Apartment communities in Elizabeth we think you'll love
Property Management Companies in Elizabeth, NJ
Cammeby's International
-
70
Communities
-
18,453
Units
-
50
Cities
4 Communities in Elizabeth
Legow Management Company
-
33
Communities
-
3,838
Units
-
24
Cities
2 Communities in Elizabeth
CIS Management
-
25
Communities
-
2,396
Units
-
23
Cities
2 Communities in Elizabeth
Russo Development
-
14
Communities
-
4,842
Units
-
11
Cities
2 Communities in Elizabeth
JP Management
-
12
Communities
-
2,475
Units
-
10
Cities
2 Communities in Elizabeth
Greystar
-
3,175
Communities
-
878,302
Units
-
825
Cities
1 Community in Elizabeth
Garden Communities
-
72
Communities
-
20,842
Units
-
48
Cities
1 Community in Elizabeth
Rushmore Management
-
48
Communities
-
10,084
Units
-
29
Cities
1 Community in Elizabeth
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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.