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City Report · NJ

Asbury Park

Pop. 15,295·60th most expensive in New Jersey·Asbury Park rents are up 17.0% over the past year
Median rent (all units)
$2,841/mo
Year-over-Year
+17.0%
Month-over-Month
-1.1%
vs US Median
+$879
Falling (Monthly)
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Most AffordableMost Expensive
Asbury Park · $2,841
More expensive than 88% of US cities · National median $1,962/mo
Rent Reality Score
27/100
Overpriced
OverheatedFairGreat value

Rents are 11% above what Asbury Park's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,841/mo
Expected by trend
$2,550/mo
The Rent Reality Score compares today's median rent to where Asbury Park's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,581
1 BR
$1,524
2 BR
$1,850
3 BR
$2,227
4 BR+
$2,500
Fair Market Rent (HUD)
$1,850/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,841 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$34,092/yr
At $2,841/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 17.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+17.0% YoY, -1.1% MoM), not inventory.
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Demographics

Who lives here

Asbury Park, NJ is majority renter-occupied, 43% of residents hold a bachelor's degree or higher.

Population
15,295
Median income
$75,544
Median age
38.2
Renters
72.3%
Age distribution
15.6%
29.8%
29.9%
12.1%
12.5%
Under 1815.6%
18–3429.8%
35–5429.9%
55–6412.1%
65+12.5%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
40.1%
30%
25.5%
White40.1%
Black30%
Hispanic25.5%
Asian2.2%
Other2.2%
Education (25+)
25.2%
21.2%
43%
No HS diploma10.6%
HS diploma25.2%
Some college21.2%
Bachelor's+43%
Housing tenure
27.7%
72.3%
Owner27.7%
Renter72.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Asbury Park, NJ has changed in 5 years

Rent
$2,328 → $2,841
up 22.0%
Income
$54,676 → $75,544
up 38.2%
Population
15,305 → 15,295
down 0.1%
Renter share
72% → 72.3%
+0.3 pts
Bachelor's+
38.5% → 43%
+4.5 pts

Five years ago, renters in Asbury Park, NJ paid around $2,328 a month. That figure now sits near $2,841, up 22.0% from the 2023 baseline. Local incomes tracked alongside that move, going from a median of $54,676 in 2021 to $75,544 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Bachelor's-degree-or-higher attainment moved from 38.5% to 43% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Asbury Park, NJ market of 2023.

Community

Discussions about Asbury Park

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View Asbury Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Asbury Park on your salary?

At $2,841/mo, how Asbury Park rent compares to typical pay (30% rule).

By apartment size

Asbury Park rent by bedroom count

Median rent for each apartment size in Asbury Park. Click any size for full breakdown.

Local insights

Tips for renters in Asbury Park

About renting in Asbury Park, NJ

Last updated: August 17, 2026

The median rent in Asbury Park is $2,841/mo as of August 2026. A studio apartment averages $1,581/mo while a 2-bedroom runs $1,850/mo. One-bedroom apartments average $1,524/mo and 3-bedroom units go for $2,227/mo.

At 45% of local median household income ($75,544/yr), Asbury Park ranks as moderate compared to the national benchmark of 30%. Rents have increased 17.0% over the past year.

FAQ

Frequently asked questions

Is Asbury Park an affordable city for renters?

Asbury Park is considered stretched for renters. At $2,841/mo, rent takes approximately 45% of the local median household income ($75,544/yr). The standard benchmark is 30%. Asbury Park significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Asbury Park?

To keep rent at or below 30% of gross income, you would need to earn at least $114,000/year (~$55/hour full-time) to afford the median rent of $2,841/mo in Asbury Park. The local median household income is $75,544/yr, meaning the typical Asbury Park household falls short of that threshold.

Is rent going up or down in Asbury Park?

Rent in Asbury Park has increased 17.0% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Asbury Park rent compare to other cities in New Jersey?

Asbury Park is one of the pricier cities in New Jersey for rent, ranking #60 out of 183 tracked cities at $2,841/mo.

Which nearby cities are cheaper to rent in than Asbury Park?

Neptune Township is nearby and more affordable at $2,728/mo, which is $113 less than Asbury Park.

What percentage of Asbury Park residents rent vs. own?

According to Census data, approximately 72.3% of Asbury Park households are renters, while 27.7% are owner-occupied. With a majority renter population, Asbury Park has a strong rental market.

How does Asbury Park rent compare to the national average?

Asbury Park's median rent of $2,841/mo is $879 (45%) above the US national median of $1,962/mo. Within New Jersey, it ranks #60 out of 183 tracked cities.
Income Affordability
45%
STRETCHED

At $2,841/mo, rent takes ~45% of Asbury Park's median household income ($75,544/yr). The standard benchmark is 30%.

Asbury Park 45%Benchmark 30%
State income tax1.4–10.75%
Run the Asbury Park affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Asbury Park, NJ

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