Green Hill Luxury Rentals
200 Green Hill Manor Dr,
Franklin Park, NJ 08823
1-2 Beds | $2,075 - 2,955
Rental Market Trends in Franklin Park, NJ
What is the average rent in Franklin Park, NJ?
$2,206/month
Average Rent
1,157 Sq Ft
Average Apartment Size
-7.3%
Decrease in the Last Year
As of December 2024, the average rent in Franklin Park, NJ is $2,206 per month. This is 42% higher than the national average rent price of $1,559/month, making Franklin Park one of the most expensive cities in the US. When you rent an apartment in Franklin Park, you can expect to pay about $1,017 per month for a studio, $2,206 for a one-bedroom apartment, and around $2,602 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay 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 Franklin Park, NJ?
In the past year, rent has decreased by 7.3%, which averages out to $160 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 December 2024
Legend
2023
2024
Rent Ranges in Franklin Park, NJ
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
33%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
67%
Above $2,000/month
What salary do I need to live comfortably in Franklin Park, NJ?
Because the average rent in Franklin Park is $2,206, you’ll want to make about $7,353 per month or $88,236 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 Franklin Park, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Franklin Park, 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
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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.