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City Report · NJ

Avenel

Pop. 17,121·109th most expensive in New Jersey·Rental market data updated monthly for Avenel, NJ
Median rent (all units)
$2,498/mo
Year-over-Year
Stable
Month-over-Month
Stable
vs US Median
+$536
Stable (Monthly)
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Most AffordableMost Expensive
Avenel · $2,498
More expensive than 79% of US cities · National median $1,962/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $2,498/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$100,000/yr
Local median income
$101,670/yr
Based on the 30%-of-income rule using Avenel's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,632
1 BR
$1,677
2 BR
$2,240
3 BR
$2,195
4 BR+
$3,501
Fair Market Rent (HUD)
$2,240/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,498 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
$29,976/yr
At $2,498/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.0% YoY, -0.1% MoM), not inventory.
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Demographics

Who lives here

Avenel, NJ is roughly split between renters and owners, has a median income above the national average, 31.8% of residents hold a bachelor's degree or higher.

Population
17,121
Median income
$101,670
Median age
39.6
Renters
47.7%
Age distribution
18%
22.2%
30.2%
15.4%
14.2%
Under 1818%
18–3422.2%
35–5430.2%
55–6415.4%
65+14.2%
Gender
57.6%
42.4%
Male57.6%
Female42.4%
Race & ethnicity
31%
28.3%
25.3%
16.2%
White31%
Black28.3%
Hispanic25.3%
Asian16.2%
Education (25+)
13%
33.8%
21.3%
31.8%
No HS diploma13%
HS diploma33.8%
Some college21.3%
Bachelor's+31.8%
Housing tenure
52.3%
47.7%
Owner52.3%
Renter47.7%

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

2021 vs 2026

How Avenel, NJ has changed in 5 years

Income
$75,947 → $101,670
up 33.9%
Population
17,132 → 17,121
down 0.1%
Renter share
45% → 47.7%
+2.7 pts
Bachelor's+
25.8% → 31.8%
+6.0 pts

Household income in the area moved from $75,947 to $101,670 across the same window, up 33.9% versus 2021. About 47.7% of households rent today, against 45% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.8% to 31.8%.

Community

Discussions about Avenel

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View Avenel rent history (2015–2026) →
Salary vs rent

Can you afford rent in Avenel on your salary?

At $2,498/mo, how Avenel rent compares to typical pay (30% rule).

By apartment size

Avenel rent by bedroom count

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

Local insights

Tips for renters in Avenel

About renting in Avenel, NJ

Last updated: August 17, 2026

The median rent in Avenel is $2,498/mo as of August 2026. A studio apartment averages $1,632/mo while a 2-bedroom runs $2,240/mo. One-bedroom apartments average $1,677/mo and 3-bedroom units go for $2,195/mo.

At 29% of local median household income ($101,670/yr), Avenel ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Avenel an affordable city for renters?

Avenel is considered affordable for renters. At $2,498/mo, rent takes approximately 29% of the local median household income ($101,670/yr). The standard benchmark is 30%. Avenel falls comfortably within that range.

How much income do you need to rent in Avenel?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (~$48/hour full-time) to afford the median rent of $2,498/mo in Avenel. The local median household income is $101,670/yr, meaning the typical Avenel household meets that threshold.

Is rent going up or down in Avenel?

Rent in Avenel has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Avenel rent compare to other cities in New Jersey?

Avenel is middle-of-the-pack for New Jersey for rent, ranking #109 out of 183 tracked cities at $2,498/mo.

Which nearby cities are cheaper to rent in than Avenel?

Several nearby cities have lower median rents than Avenel ($2,498/mo): Carteret ($2,457/mo), Linden ($2,481/mo), Rahway ($2,490/mo).

What percentage of Avenel residents rent vs. own?

According to Census data, approximately 47.7% of Avenel households are renters, while 52.3% are owner-occupied. Avenel leans toward homeownership, which can mean a smaller rental inventory.

How does Avenel rent compare to the national average?

Avenel's median rent of $2,498/mo is $536 (27%) above the US national median of $1,962/mo. Within New Jersey, it ranks #109 out of 183 tracked cities.
Income Affordability
29%
AFFORDABLE

At $2,498/mo, rent takes ~29% of Avenel's median household income ($101,670/yr). The standard benchmark is 30%.

Avenel 29%Benchmark 30%
State income tax1.4–10.75%
Run the Avenel affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Avenel, NJ

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