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City Report · NJ

Freehold

Pop. 12,507·51st most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,913/mo
Year-over-Year
+4.7%
Month-over-Month
+1.4%
vs US Median
+$948
Rising (Monthly)
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Most AffordableMost Expensive
Freehold · $2,913
More expensive than 89% of US cities · National median $1,965/mo
Rent Reality Score
48/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$2,913/mo
Expected by trend
$2,891/mo
The Rent Reality Score compares today's median rent to where Freehold's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,620
1 BR
$1,820
2 BR
$2,240
3 BR
$2,980
4 BR+
$3,320
Research median
$2,240/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
$34,956/yr
At $2,913/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.7% YoY, +1.4% MoM), not inventory.
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Demographics

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.

Population
12,507
Median income
$85,707
Median age
35.5
Renters
46.2%
Age distribution
28%
21.2%
24.3%
12.4%
14%
Under 1828%
18–3421.2%
35–5424.3%
55–6412.4%
65+14%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
49.1%
53.3%
White49.1%
Black5.7%
Hispanic53.3%
Asian3.4%
Education (25+)
16.4%
31.1%
23%
29.5%
No HS diploma16.4%
HS diploma31.1%
Some college23%
Bachelor's+29.5%
Housing tenure
53.8%
46.2%
Owner53.8%
Renter46.2%

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

2023 vs 2026

How Freehold, NJ has changed in 5 years

Rent
$2,493 → $2,913
up 16.8%
Income
$62,942 → $85,707
up 36.2%
Population
12,485 → 12,507
up 0.2%
Renter share
52.2% → 46.2%
-6.0 pts
Bachelor's+
27% → 29.5%
+2.5 pts
Median age
36.3 → 35.5
-0.8 yrs

Across the past five years, the going rent in Freehold, NJ has shifted from $2,493 to $2,913, up 16.8% 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.

Community

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

Can you afford rent in Freehold on your salary?

At $2,913/mo, how Freehold rent compares to typical pay (30% rule).

By apartment size

Freehold rent by bedroom count

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

Local insights

Tips for renters in Freehold

About renting in Freehold, NJ

Last updated: July 20, 2026

The median rent in Freehold is $2,913/mo as of July 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 4.7% over the past year.

FAQ

Frequently asked questions

Is Freehold an affordable city for renters?

Freehold is considered stretched for renters. At $2,913/mo, rent takes approximately 41% of the local median household income ($85,707/yr). The standard benchmark is 30%. Freehold significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Freehold?

To keep rent at or below 30% of gross income, you would need to earn at least $117,000/year (~$56/hour full-time) to afford the median rent of $2,913/mo in Freehold. The local median household income is $85,707/yr, meaning the typical Freehold household falls short of that threshold.

Is rent going up or down in Freehold?

Rent in Freehold has increased 4.7% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Freehold is one of the pricier cities in New Jersey for rent, ranking #51 out of 180 tracked cities at $2,913/mo.

Which nearby cities are cheaper to rent in than Freehold?

Manalapan Township is nearby and more affordable at $2,697/mo, which is $216 less than Freehold.

What percentage of Freehold residents rent vs. own?

According to Census data, approximately 46.2% of Freehold households are renters, while 53.8% are owner-occupied. Freehold leans toward homeownership, which can mean a smaller rental inventory.

How does Freehold rent compare to the national average?

Freehold's median rent of $2,913/mo is $948 (48%) above the US national median of $1,965/mo. Within New Jersey, it ranks #51 out of 180 tracked cities.
Income Affordability
41%
STRETCHED

At $2,913/mo, rent takes ~41% of Freehold's median household income ($85,707/yr). The standard benchmark is 30%.

Freehold 41%Benchmark 30%
State income tax1.4–10.75%
Run the Freehold affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Freehold, NJ

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