The Frederick
2 Walter Ave,
Highland Park, NJ 08904
1-2 Beds | $2,550 - $3,995
Rental Market Trends in Highland Park, NJ
What is the average rent in Highland Park, NJ?
$1,851/month
Average Rent
685 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of December 2024, the average rent in Highland Park, NJ is $1,851 per month. This is 19% higher than the national average rent price of $1,560/month, making Highland Park one of the most expensive cities in the US. When you rent an apartment in Highland Park, you can expect to pay about $1,444 per month for a studio, $1,851 for a one-bedroom apartment, and around $2,346 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,870 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 Highland Park, NJ?
In the past year, rent has increased by 2.3%, which averages out to $44 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 December 2024
Legend
2023
2024
Rent Ranges in Highland Park, NJ
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
7%
$1,001 - $1,500/month
59%
$1,501 - $2,000/month
33%
Above $2,000/month
What salary do I need to live comfortably in Highland Park, NJ?
Because the average rent in Highland Park is $1,851, you’ll want to make about $6,170 per month or $74,040 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 Highland Park, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Highland 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.
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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.