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City Report · NJ

Elmwood Park

Pop. 21,412·99th most expensive in New Jersey·Elmwood Park rents are up 9.3% over the past year
Median rent (all units)
$2,564/mo
Year-over-Year
+9.3%
Month-over-Month
+2.6%
vs US Median
+$602
Rising (Monthly)
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Most AffordableMost Expensive
Elmwood Park · $2,564
More expensive than 81% of US cities · National median $1,962/mo
Affordability
30% of income
MODERATE
0%30% benchmark60%+

At $2,564/mo, rent takes about 30% of the local median household income, slightly above the 30% benchmark.

Income to afford
$103,000/yr
Local median income
$101,740/yr
Based on the 30%-of-income rule using Elmwood Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,800
1 BR
$2,090
2 BR
$2,400
3 BR
$2,950
4 BR+
$3,740
Fair Market Rent (HUD)
$2,400/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,564 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

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Last updated: August 17, 2026

Annual cost
$30,768/yr
At $2,564/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 9.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+9.3% YoY, +2.6% MoM), not inventory.
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Demographics

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.

Population
21,412
Median income
$101,740
Median age
39.9
Renters
42.5%
Age distribution
19.6%
24.8%
23.8%
13.4%
18.5%
Under 1819.6%
18–3424.8%
35–5423.8%
55–6413.4%
65+18.5%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
52.7%
29.5%
White52.7%
Black11.7%
Hispanic29.5%
Asian9.4%
Education (25+)
30.8%
24.8%
35.1%
No HS diploma9.4%
HS diploma30.8%
Some college24.8%
Bachelor's+35.1%
Housing tenure
57.5%
42.5%
Owner57.5%
Renter42.5%

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

2021 vs 2026

How Elmwood Park, NJ has changed in 5 years

Income
$75,091 → $101,740
up 35.5%
Population
21,239 → 21,412
up 0.8%
Renter share
45.5% → 42.5%
-3.0 pts
Bachelor's+
30.4% → 35.1%
+4.7 pts
Median age
39.2 → 39.9
+0.7 yrs

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.

Community

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View Elmwood Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Elmwood Park on your salary?

At $2,564/mo, how Elmwood Park rent compares to typical pay (30% rule).

By apartment size

Elmwood Park rent by bedroom count

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

Local insights

Tips for renters in Elmwood Park

About renting in Elmwood Park, NJ

Last updated: August 17, 2026

The median rent in Elmwood Park is $2,564/mo as of August 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 30% of local median household income ($101,740/yr), Elmwood Park ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.3% over the past year.

FAQ

Frequently asked questions

Is Elmwood Park an affordable city for renters?

Elmwood Park is considered moderate for renters. At $2,564/mo, rent takes approximately 30% of the local median household income ($101,740/yr). The standard benchmark is 30%. Elmwood Park slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Elmwood Park?

To keep rent at or below 30% of gross income, you would need to earn at least $103,000/year (~$50/hour full-time) to afford the median rent of $2,564/mo in Elmwood Park. The local median household income is $101,740/yr, meaning the typical Elmwood Park household falls short of that threshold.

Is rent going up or down in Elmwood Park?

Rent in Elmwood Park has increased 9.3% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Elmwood Park rent compare to other cities in New Jersey?

Elmwood Park is middle-of-the-pack for New Jersey for rent, ranking #99 out of 183 tracked cities at $2,564/mo.

Which nearby cities are cheaper to rent in than Elmwood Park?

Several nearby cities have lower median rents than Elmwood Park ($2,564/mo): Paterson ($1,864/mo), Passaic ($2,077/mo), Lodi ($2,349/mo).

What percentage of Elmwood Park residents rent vs. own?

According to Census data, approximately 42.5% of Elmwood Park households are renters, while 57.5% are owner-occupied. Elmwood Park leans toward homeownership, which can mean a smaller rental inventory.

How does Elmwood Park rent compare to the national average?

Elmwood Park's median rent of $2,564/mo is $602 (31%) above the US national median of $1,962/mo. Within New Jersey, it ranks #99 out of 183 tracked cities.
Income Affordability
30%
MODERATE

At $2,564/mo, rent takes ~30% of Elmwood Park's median household income ($101,740/yr). The standard benchmark is 30%.

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

Estimated from ZIP-level data

Schools nearby

Public schools near Elmwood Park, NJ

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