Rents are 7% below what Cherry Hill's 10-year trend predicts — a better deal than its own history suggests.
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 $2,258 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
February. Asking rents in Cherry Hill usually run 1.1% below trend in February and 1.2% above it in September, about $52 a month apart at today's median. Based on 5 years of data.
Rent in Cherry Hill is at its highest level since Zillow's records here began in January 2021.
Rent in Cherry Hill changed +1.5% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent has risen 4 months in a row, and rose in 8 of the last 12 months.
Maple Shade Township, 3 miles away, rents for 22% less ($1,766/mo), about $5,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Cherry Hill. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.
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How Cherry Hill, NJ has changed in 5 years
Five years ago, renters in Cherry Hill, NJ paid around $1,759 a month. That figure now sits near $2,258, up 28.4% 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.
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Can you afford rent in Cherry Hill on your salary?
At $2,258/mo, how Cherry Hill rent compares to typical pay (30% rule).
Cherry Hill rent by bedroom count
Median rent for each apartment size in Cherry Hill. Click any size for full breakdown.
Tips for renters in Cherry Hill
Last updated: October 17, 2026
The median rent in Cherry Hill is $2,258/mo as of October 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 38% of estimated US median household income ($72,000/yr), Cherry Hill ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Cherry Hill?
At $2,258/mo, rent takes ~38% of US median household income ($72,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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