At $2,481/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
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 $2,481 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
Rent in Elmwood Park changed +0.4% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent has fallen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($101,740) is $2,544 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,400); a 3-bedroom is $2,950.
Paterson, 3 miles away, rents for 24% less ($1,889/mo), about $7,100 a year in savings.
From Zillow's monthly rent index (ZORI) for Elmwood Park. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Elmwood Park, NJ is majority owner-occupied, has a median income above the national average, 35.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Elmwood Park, NJ has changed in 5 years
Census figures show median household income at $101,740 today, compared with $75,091 five years earlier. The renter share has eased from 45.5% to 42.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 30.4% to 35.1% across the same window.
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Can you afford rent in Elmwood Park on your salary?
At $2,481/mo, how Elmwood Park rent compares to typical pay (30% rule).
Elmwood Park rent by bedroom count
Median rent for each apartment size in Elmwood Park. Click any size for full breakdown.
Tips for renters in Elmwood Park
Last updated: October 17, 2026
The median rent in Elmwood Park is $2,481/mo as of October 2026. A studio apartment averages $1,800/mo while a 2-bedroom runs $2,400/mo. One-bedroom apartments average $2,090/mo and 3-bedroom units go for $2,950/mo.
At 29% of local median household income ($101,740/yr), Elmwood Park ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.4% over the past year.
Frequently asked questions
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Is rent going up or down in Elmwood Park?
How does Elmwood Park rent compare to other cities in New Jersey?
At $2,481/mo, rent takes ~29% of Elmwood Park's median household income ($101,740/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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