Rents are right about where Freehold's 10-year trend predicts.
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 $2,901 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 Freehold is at its highest level since Zillow's records here began in May 2022.
Rent in Freehold changed +3.1% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($85,707) is $2,143 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,820); a 2-bedroom is $2,240.
Manalapan Township, 5 miles away, rents for 10% less ($2,604/mo), about $3,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Freehold. 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
Freehold, NJ is roughly split between renters and owners, has a large share of families with children, 29.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Freehold, NJ has changed in 5 years
Across the past five years, the going rent in Freehold, NJ has shifted from $2,605 to $2,901, up 11.4% since 2023. Census figures show median household income at $85,707 today, compared with $62,942 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. The renter share has eased from 52.2% to 46.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 27% to 29.5% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
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Can you afford rent in Freehold on your salary?
At $2,901/mo, how Freehold rent compares to typical pay (30% rule).
Freehold rent by bedroom count
Median rent for each apartment size in Freehold. Click any size for full breakdown.
Tips for renters in Freehold
Last updated: October 17, 2026
The median rent in Freehold is $2,901/mo as of October 2026. A studio apartment averages $1,620/mo while a 2-bedroom runs $2,240/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,980/mo.
At 41% of local median household income ($85,707/yr), Freehold ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.
Frequently asked questions
How much income do you need to rent in Freehold?
Is rent going up or down in Freehold?
How does Freehold rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Freehold?
At $2,901/mo, rent takes ~41% of Freehold's median household income ($85,707/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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