The Royal
620 Bloomfield Ave,
Bloomfield, NJ 07003
Studio - 2 Beds | $2,250 - 8,550
Rental Market Trends in Montclair, NJ
What is the average rent in Montclair, NJ?
$2,319/month
Average Rent
640 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of November 2024, the average rent in Montclair, NJ is $2,319 per month. This is 49% higher than the national average rent price of $1,559/month, making Montclair one of the most expensive cities in the US. When you rent an apartment in Montclair, you can expect to pay about $1,993 per month for a studio, $2,319 for a one-bedroom apartment, and around $2,925 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,457 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 Montclair, NJ?
In the past year, rent has increased by 0.9%, which averages out to $20 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 Montclair, NJ
Last Updated November 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
2%
$700 - $1,000/month
18%
$1,001 - $1,500/month
14%
$1,501 - $2,000/month
66%
Above $2,000/month
What salary do I need to live comfortably in Montclair, NJ?
Because the average rent in Montclair is $2,319, you’ll want to make about $7,730 per month or $92,760 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 Montclair, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Montclair, 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 Montclair we think you'll love
Property Management Companies in Montclair, NJ
Goldberg Realty Associates
-
50
Communities
-
4,969
Units
-
39
Cities
6 Communities in Montclair
Affiliated Management, Inc.
-
32
Communities
-
3,692
Units
-
27
Cities
4 Communities in Montclair
Cammeby's International
-
70
Communities
-
18,453
Units
-
50
Cities
3 Communities in Montclair
Sterling Properties
-
19
Communities
-
2,187
Units
-
18
Cities
2 Communities in Montclair
Value Companies
-
17
Communities
-
3,330
Units
-
12
Cities
2 Communities in Montclair
Platinum Realty Management
-
21
Communities
-
5,143
Units
-
16
Cities
1 Community in Montclair
The Kamson Corporation
-
15
Communities
-
5,200
Units
-
14
Cities
1 Community in Montclair
BNE Real Estate Group
-
17
Communities
-
4,009
Units
-
14
Cities
1 Community in Montclair
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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.