The Rail at Red Bank
118 Chestnut St,
Red Bank, NJ 07701
1 Bed | $3,815 - $6,511
Rental Market Trends in Red Bank, NJ
What is the average rent in Red Bank, NJ?
$2,175/month
Average Rent
775 Sq Ft
Average Apartment Size
+3.9%
Increase in the Last Year
As of December 2024, the average rent in Red Bank, NJ is $2,175 per month. This is 39% higher than the national average rent price of $1,560/month, making Red Bank one of the most expensive cities in the US. When you rent an apartment in Red Bank, you can expect to pay about $1,143 per month for a studio, $2,175 for a one-bedroom apartment, and around $3,059 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,224 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 Red Bank, NJ?
In the past year, rent has increased by 3.9%, which averages out to $85 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 Red Bank, 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
12%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
76%
Above $2,000/month
What salary do I need to live comfortably in Red Bank, NJ?
Because the average rent in Red Bank is $2,175, you’ll want to make about $7,250 per month or $87,000 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 Red Bank, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Red Bank, 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.