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City Report · NJ

Edgewater

Pop. 14,759·8th most expensive in New Jersey·Edgewater rents are up 11.1% over the past year
Median rent (all units)
$4,035/mo
Year-over-Year
+11.1%
Month-over-Month
+2.5%
vs US Median
+$2,070
Rising (Monthly)
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Most AffordableMost Expensive
Edgewater · $4,035
More expensive than 98% of US cities · National median $1,965/mo
Rent Reality Score
43/100
Fairly priced
OverheatedFairGreat value

Rents are 3% above what Edgewater's 10-year trend predicts — running hotter than its own history.

Actual rent
$4,035/mo
Expected by trend
$3,902/mo
The Rent Reality Score compares today's median rent to where Edgewater's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,340
1 BR
$2,710
2 BR
$3,110
3 BR
$3,830
4 BR+
$4,840
Research median
$3,110/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
$48,420/yr
At $4,035/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.1% YoY, +2.5% MoM), not inventory.
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Demographics

Who lives here

Edgewater, NJ is majority renter-occupied, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.

Population
14,759
Median income
$124,050
Median age
40.6
Renters
60.2%
Age distribution
16.4%
23.4%
33.8%
14.4%
Under 1816.4%
18–3423.4%
35–5433.8%
55–6412%
65+14.4%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
40.3%
16.6%
38.7%
White40.3%
Black4.7%
Hispanic16.6%
Asian38.7%
Education (25+)
14.4%
72.7%
No HS diploma1.8%
HS diploma11%
Some college14.4%
Bachelor's+72.7%
Housing tenure
39.8%
60.2%
Owner39.8%
Renter60.2%

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

2021 vs 2026

How Edgewater, NJ has changed in 5 years

Rent
$2,797 → $4,035
up 44.3%
Income
$126,483 → $124,050
down 1.9%
Population
14,234 → 14,759
up 3.7%
Renter share
58% → 60.2%
+2.2 pts
Bachelor's+
74.5% → 72.7%
-1.8 pts
Median age
36.5 → 40.6
+4.1 yrs

Compared with 2021, rent in Edgewater, NJ has climbed by $1,238 per month, settling near $4,035 after starting the period at $2,797. On the earnings side, the typical household in Edgewater, NJ now reports about $124,050, up from $126,483 in 2021. Rent outpaced income growth by roughly 46.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 14,234 to 14,759 between 2021 and 2024, a 3.7% change. About 60.2% of households rent today, against 58% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Edgewater, NJ reflects that arc in its own way.

Community

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

Can you afford rent in Edgewater on your salary?

At $4,035/mo, how Edgewater rent compares to typical pay (30% rule).

By apartment size

Edgewater rent by bedroom count

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

Local insights

Tips for renters in Edgewater

About renting in Edgewater, NJ

Last updated: July 20, 2026

The median rent in Edgewater is $4,035/mo as of July 2026. A studio apartment averages $2,340/mo while a 2-bedroom runs $3,110/mo. One-bedroom apartments average $2,710/mo and 3-bedroom units go for $3,830/mo.

At 39% of local median household income ($124,050/yr), Edgewater ranks as moderate compared to the national benchmark of 30%. Rents have increased 11.1% over the past year.

FAQ

Frequently asked questions

Is Edgewater an affordable city for renters?

Edgewater is considered moderate for renters. At $4,035/mo, rent takes approximately 39% of the local median household income ($124,050/yr). The standard benchmark is 30%. Edgewater slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Edgewater?

To keep rent at or below 30% of gross income, you would need to earn at least $161,000/year (~$77/hour full-time) to afford the median rent of $4,035/mo in Edgewater. The local median household income is $124,050/yr, meaning the typical Edgewater household falls short of that threshold.

Is rent going up or down in Edgewater?

Rent in Edgewater has increased 11.1% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Edgewater is one of the pricier cities in New Jersey for rent, ranking #8 out of 180 tracked cities at $4,035/mo.

Which nearby cities are cheaper to rent in than Edgewater?

Several nearby cities have lower median rents than Edgewater ($4,035/mo): Fairview ($2,333/mo), Leonia ($2,550/mo), Cliffside Park ($2,689/mo).

What percentage of Edgewater residents rent vs. own?

According to Census data, approximately 60.2% of Edgewater households are renters, while 39.8% are owner-occupied. With a majority renter population, Edgewater has a strong rental market.

How does Edgewater rent compare to the national average?

Edgewater's median rent of $4,035/mo is $2,070 (105%) above the US national median of $1,965/mo. Within New Jersey, it ranks #8 out of 180 tracked cities.
Income Affordability
39%
MODERATE

At $4,035/mo, rent takes ~39% of Edgewater's median household income ($124,050/yr). The standard benchmark is 30%.

Edgewater 39%Benchmark 30%
State income tax1.4–10.75%
Run the Edgewater affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Edgewater, NJ

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