The James
87 Madison Ave,
Park Ridge, NJ 07656
Studio - 2 Beds | $3,158 - 8,761
Rental Market Trends in Montvale, NJ
What is the average rent in Montvale, NJ?
$2,506/month
Average Rent
702 Sq Ft
Average Apartment Size
-2.9%
Decrease in the Last Year
As of November 2024, the average rent in Montvale, NJ is $2,506 per month. This is 61% higher than the national average rent price of $1,559/month, making Montvale one of the most expensive cities in the US. When you rent an apartment in Montvale, you can expect to pay about per month for a studio, $2,506 for a one-bedroom apartment, and around $3,969 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 Montvale, NJ?
In the past year, rent has decreased by 2.9%, which averages out to $72 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 November 2024
Legend
2023
2024
Rent Ranges in Montvale, NJ
Last Updated November 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
What salary do I need to live comfortably in Montvale, NJ?
Because the average rent in Montvale is $2,506, you’ll want to make about $8,353 per month or $100,236 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 Montvale, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Montvale, 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.