Renaissance Plaza Square
1 Richmond St,
New Brunswick, NJ 08901
1-2 Beds | $1,779 - 3,850
Rental Market Trends in New Brunswick, NJ
What is the average rent in New Brunswick, NJ?
$2,044/month
Average Rent
693 Sq Ft
Average Apartment Size
+1.2%
Increase in the Last Year
As of November 2024, the average rent in New Brunswick, NJ is $2,044 per month. This is 31% higher than the national average rent price of $1,559/month, making New Brunswick one of the most expensive cities in the US. When you rent an apartment in New Brunswick, you can expect to pay about $1,620 per month for a studio, $2,044 for a one-bedroom apartment, and around $2,687 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,986 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 New Brunswick, NJ?
In the past year, rent has increased by 1.2%, which averages out to $25 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 New Brunswick, 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
24%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
46%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in New Brunswick?
Based on current rent prices, Turnpike West and Downtown New Brunswick" are the most affordable neighborhoods in New Brunswick.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in New Brunswick?
Based on current rent prices, Downtown New Brunswick and Turnpike West" are the most expensive neighborhoods in New Brunswick.
Neighborhood
Average Rent
Average Sq Ft
Which New Brunswick neighborhoods have the most rentals available?
The neighborhoods in New Brunswick with the most apartments available are Turnpike West and Downtown New Brunswick" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in New Brunswick, NJ?
Because the average rent in New Brunswick is $2,044, you’ll want to make about $6,813 per month or $81,756 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 New Brunswick, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare New Brunswick, 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
$1,504/month
$1,828/month
One Bedroom
$1,960/month
$2,326/month
Two Bedroom
$2,364/month
$3,453/month
Three Bedroom
$3,010/month
$4,329/month
Nearby City Rent Trends
Apartment communities in New Brunswick we think you'll love
Property Management Companies in New Brunswick, NJ
Oxford Realty Group
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20
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4,179
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10
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9 Communities in New Brunswick
Cammeby's International
-
70
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18,453
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50
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Real Estate Growth Advisors
-
12
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-
793
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10
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Greystar
-
3,175
Communities
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878,302
Units
-
825
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2 Communities in New Brunswick
AION Management
-
60
Communities
-
19,457
Units
-
38
Cities
2 Communities in New Brunswick
Pennrose Management Company
-
50
Communities
-
6,170
Units
-
36
Cities
2 Communities in New Brunswick
Fieldstone Properties, LLC
-
15
Communities
-
8,931
Units
-
13
Cities
2 Communities in New Brunswick
Morgan Properties
-
313
Communities
-
94,519
Units
-
191
Cities
1 Community in New Brunswick
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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.