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City Report · NJ

Boonton

Pop. 8,854·45th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,963/mo
Year-over-Year
Stable
Month-over-Month
-3.5%
vs US Median
+$998
Falling (Monthly)
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Most AffordableMost Expensive
Boonton · $2,963
More expensive than 90% of US cities · National median $1,965/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $2,963/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$119,000/yr
Local median income
$114,302/yr
Based on the 30%-of-income rule using Boonton's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,700
1 BR
$1,930
2 BR
$2,340
3 BR
$2,950
4 BR+
$3,350
Research median
$2,340/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$35,556/yr
At $2,963/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.5% MoM), not inventory.
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Demographics

Who lives here

Boonton, NJ is majority owner-occupied, has a median income above the national average, 50.1% of residents hold a bachelor's degree or higher.

Population
8,854
Median income
$114,302
Median age
39.5
Renters
37.9%
Age distribution
22.9%
19.2%
30%
12.8%
15.1%
Under 1822.9%
18–3419.2%
35–5430%
55–6412.8%
65+15.1%
Gender
53.7%
46.3%
Male53.7%
Female46.3%
Race & ethnicity
71.6%
12.9%
White71.6%
Black5.2%
Hispanic12.9%
Asian6.9%
Other3.4%
Education (25+)
23.9%
21.3%
50.1%
No HS diploma4.7%
HS diploma23.9%
Some college21.3%
Bachelor's+50.1%
Housing tenure
62.1%
37.9%
Owner62.1%
Renter37.9%

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

2021 vs 2026

How Boonton, NJ has changed in 5 years

Income
$85,948 → $114,302
up 33.0%
Population
8,770 → 8,854
up 1.0%
Renter share
44.2% → 37.9%
-6.3 pts
Bachelor's+
46.7% → 50.1%
+3.4 pts
Median age
40.5 → 39.5
-1.0 yrs

Local incomes tracked alongside that move, going from a median of $85,948 in 2021 to $114,302 more recently. Census counts show Boonton, NJ adding about 84 residents over the five-year window, up 1.0% on net. The renter share has eased from 44.2% to 37.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 46.7% to 50.1% across the same window.

Community

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

Can you afford rent in Boonton on your salary?

At $2,963/mo, how Boonton rent compares to typical pay (30% rule).

By apartment size

Boonton rent by bedroom count

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

Local insights

Tips for renters in Boonton

About renting in Boonton, NJ

Last updated: July 20, 2026

The median rent in Boonton is $2,963/mo as of July 2026. A studio apartment averages $1,700/mo while a 2-bedroom runs $2,340/mo. One-bedroom apartments average $1,930/mo and 3-bedroom units go for $2,950/mo.

At 31% of local median household income ($114,302/yr), Boonton ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Boonton an affordable city for renters?

Boonton is considered moderate for renters. At $2,963/mo, rent takes approximately 31% of the local median household income ($114,302/yr). The standard benchmark is 30%. Boonton slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Boonton?

To keep rent at or below 30% of gross income, you would need to earn at least $119,000/year (~$57/hour full-time) to afford the median rent of $2,963/mo in Boonton. The local median household income is $114,302/yr, meaning the typical Boonton household falls short of that threshold.

Is rent going up or down in Boonton?

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

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

Boonton is one of the pricier cities in New Jersey for rent, ranking #45 out of 180 tracked cities at $2,963/mo.

Which nearby cities are cheaper to rent in than Boonton?

Several nearby cities have lower median rents than Boonton ($2,963/mo): Rockaway ($2,660/mo), Pine Brook ($2,871/mo), Parsippany ($2,925/mo).

What percentage of Boonton residents rent vs. own?

According to Census data, approximately 37.9% of Boonton households are renters, while 62.1% are owner-occupied. Boonton leans toward homeownership, which can mean a smaller rental inventory.

How does Boonton rent compare to the national average?

Boonton's median rent of $2,963/mo is $998 (51%) above the US national median of $1,965/mo. Within New Jersey, it ranks #45 out of 180 tracked cities.
Income Affordability
31%
MODERATE

At $2,963/mo, rent takes ~31% of Boonton's median household income ($114,302/yr). The standard benchmark is 30%.

Boonton 31%Benchmark 30%
State income tax1.4–10.75%
Run the Boonton affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Boonton, NJ

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