Rents are 6% 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 $2,292 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: August 17, 2026
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How Cherry Hill, NJ has changed in 5 years
Five years ago, renters in Cherry Hill, NJ paid around $1,692 a month. That figure now sits near $2,292, up 35.5% 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 $2,292/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: August 17, 2026
The median rent in Cherry Hill is $2,292/mo as of August 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 3.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Cherry Hill?
How does Cherry Hill rent compare to the national average?
At $2,292/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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