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City Report · NJ

Cherry Hill

·131st most expensive in New Jersey·Cherry Hill rents are up 5.2% over the past year
Median rent (all units)
$2,320/mo
Year-over-Year
+5.2%
Month-over-Month
-1.1%
vs US Median
+$355
Falling (Monthly)
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Most AffordableMost Expensive
Cherry Hill · $2,320
More expensive than 73% of US cities · National median $1,965/mo
Rent Reality Score
60/100
Good value
OverheatedFairGreat value

Rents are 5% below what Cherry Hill's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,320/mo
Expected by trend
$2,445/mo
The Rent Reality Score compares today's median rent to where Cherry Hill's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,700
1 BR
$1,870
2 BR
$2,230
3 BR
$2,685
4 BR+
$3,050
Research median
$2,230/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
$27,840/yr
At $2,320/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.2% YoY, -1.1% MoM), not inventory.
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2021 vs 2026

How Cherry Hill, NJ has changed in 5 years

Rent
$1,692 → $2,320
up 37.1%

Five years ago, renters in Cherry Hill, NJ paid around $1,692 a month. That figure now sits near $2,320, up 37.1% from the 2021 baseline. Reading these numbers side by side helps frame whether current listings in Cherry Hill, NJ look reasonable against where the market sat half a decade ago.

Community

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View Cherry Hill rent history (2015–2026) →
Salary vs rent

Can you afford rent in Cherry Hill on your salary?

At $2,320/mo, how Cherry Hill rent compares to typical pay (30% rule).

By apartment size

Cherry Hill rent by bedroom count

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

Local insights

Tips for renters in Cherry Hill

About renting in Cherry Hill, NJ

Last updated: July 20, 2026

The median rent in Cherry Hill is $2,320/mo as of July 2026. A studio apartment averages $1,700/mo while a 2-bedroom runs $2,230/mo. One-bedroom apartments average $1,870/mo and 3-bedroom units go for $2,685/mo.

At 39% of estimated US median household income ($72,000/yr), Cherry Hill ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

Is Cherry Hill an affordable city for renters?

Cherry Hill is considered moderate for renters. At $2,320/mo, rent takes approximately 39% of the US median household income ($72,000/yr). The standard benchmark is 30%. Cherry Hill slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Cherry Hill?

To keep rent at or below 30% of gross income, you would need to earn at least $93,000/year (~$45/hour full-time) to afford the median rent of $2,320/mo in Cherry Hill.

Is rent going up or down in Cherry Hill?

Rent in Cherry Hill has increased 5.2% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Cherry Hill neighborhoods have the lowest rent?

The most affordable ZIP codes in Cherry Hill are 08002 ($2,235/mo), and 08034 ($2,613/mo). Citywide, the median rent in Cherry Hill is $2,320/mo.

How does Cherry Hill rent compare to other cities in New Jersey?

Cherry Hill is one of the more affordable cities in New Jersey for rent, ranking #131 out of 180 tracked cities at $2,320/mo.

Which nearby cities are cheaper to rent in than Cherry Hill?

Several nearby cities have lower median rents than Cherry Hill ($2,320/mo): Collingswood ($1,601/mo), Maple Shade Township ($1,708/mo), Audubon ($1,735/mo).

How does Cherry Hill rent compare to the national average?

Cherry Hill's median rent of $2,320/mo is $355 (18%) above the US national median of $1,965/mo. Within New Jersey, it ranks #131 out of 180 tracked cities.
Income Affordability
39%
MODERATE

At $2,320/mo, rent takes ~39% of US median household income ($72,000/yr). The standard benchmark is 30%.

Cherry Hill 39%Benchmark 30%
State income tax1.4–10.75%
Run the Cherry Hill affordability calculator →
Lowest-rent ZIP codes in Cherry Hill
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Cherry Hill, NJ

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