At $2,299/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,299 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Budd Lake changed +11.5% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($114,154) is $2,854 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,790).
Washington, 16 miles away, rents for 13% less ($2,008/mo), about $3,500 a year in savings.
From Zillow's monthly rent index (ZORI) for Budd Lake. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Budd Lake, NJ is majority owner-occupied, has a large share of families with children, has a median income above the national average, 45.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Budd Lake, NJ has changed in 5 years
On the earnings side, the typical household in Budd Lake, NJ now reports about $114,154, up from $97,728 in 2021. The population has grown by 6.8% since 2021, moving from about 9,971 residents to roughly 10,650. Renters now make up 25.2% of households, compared with 23.4% five years ago.
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Can you afford rent in Budd Lake on your salary?
At $2,299/mo, how Budd Lake rent compares to typical pay (30% rule).
Budd Lake rent by bedroom count
Median rent for each apartment size in Budd Lake. Click any size for full breakdown.
Tips for renters in Budd Lake
Last updated: October 17, 2026
The median rent in Budd Lake is $2,299/mo as of October 2026. A studio apartment averages $1,410/mo while a 2-bedroom runs $1,950/mo. One-bedroom apartments average $1,610/mo and 3-bedroom units go for $2,460/mo.
At 24% of local median household income ($114,154/yr), Budd Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.5% over the past year.
Frequently asked questions
How much income do you need to rent in Budd Lake?
Is rent going up or down in Budd Lake?
How does Budd Lake rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Budd Lake?
At $2,299/mo, rent takes ~24% of Budd Lake's median household income ($114,154/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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