How much does it cost to rent in Edgewater, NJ?

As of August 2026, the median monthly rent in Edgewater, NJ is $3,962. This figure is based on aggregated data from public sources and community-submitted rents.

Is Edgewater cheaper than other New Jersey cities?

Edgewater is one of the pricier cities in New Jersey, ranking #7 out of 183 cities tracked at $3,962/mo.

When was Edgewater rent data last updated?

Edgewater rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Edgewater, NJ?

HUD sets the Fair Market Rent for a two-bedroom home in Edgewater, NJ at $3,110 per month, which is 22% below the $3,962 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · NJ

Edgewater

Name: Average Rent Prices in Edgewater, NJ
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 14,759·7th most expensive in New Jersey·Edgewater rents are up 8.9% over the past year

Median rent (all units)

$3,962/mo

Year-over-Year

+8.9%

Month-over-Month

-1.8%

vs US Median

+$2,000

Falling (Monthly)

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Most AffordableMost Expensive

Edgewater · $3,962

More expensive than 98% of US cities · National median $1,962/mo

Rent Reality Score

48/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Edgewater's 10-year trend predicts.

Actual rent

$3,962/mo

Expected by trend

$3,916/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

Fair Market Rent (HUD)

$3,110/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,962 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$47,544/yr

At $3,962/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (8.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+8.9% YoY, -1.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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 → $3,962

up 41.7%

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 $1,165 per month, settling near $3,962 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 43.6 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

Discussions about Edgewater

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View Edgewater rent history (2015–2026) →

Salary vs rent

Can you afford rent in Edgewater on your salary?

At $3,962/mo, how Edgewater rent compares to typical pay (30% rule).

Registered Nurse

Avg $105,818/yr · Rent = 44.9% income

rent-burdened

Elementary School Teacher

Avg $75,130/yr · Rent = 63.3% income

severely rent-burdened

Police Officer

Avg $86,542/yr · Rent = 54.9% income

severely rent-burdened

Software Developer

Avg $154,683/yr · Rent = 30.7% income

stretched

Lawyer

Avg $197,646/yr · Rent = 24.1% income

affordable

Firefighter

Avg $70,347/yr · Rent = 67.6% income

severely rent-burdened

Truck Driver

Avg $63,515/yr · Rent = 74.9% income

severely rent-burdened

Electrician

Avg $78,288/yr · Rent = 60.7% income

severely rent-burdened

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: August 17, 2026

The median rent in Edgewater is $3,962/mo as of August 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 38% of local median household income ($124,050/yr), Edgewater ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.9% over the past year.

FAQ

Frequently asked questions

Is Edgewater an affordable city for renters?

Edgewater is considered moderate for renters. At $3,962/mo, rent takes approximately 38% 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 $158,000/year (~$76/hour full-time) to afford the median rent of $3,962/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 8.9% over the past year as of August 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 #7 out of 183 tracked cities at $3,962/mo.

Which nearby cities are cheaper to rent in than Edgewater?

Several nearby cities have lower median rents than Edgewater ($3,962/mo): Fairview ($2,250/mo), Leonia ($2,550/mo), Palisades Park ($2,675/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 $3,962/mo is $2,000 (102%) above the US national median of $1,962/mo. Within New Jersey, it ranks #7 out of 183 tracked cities.

Income Affordability

38%

MODERATE

At $3,962/mo, rent takes ~38% of Edgewater's median household income ($124,050/yr). The standard benchmark is 30%.

Edgewater 38%Benchmark 30%

State income tax1.4–10.75%

Run the Edgewater affordability calculator →

Nearby cities