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City Report · NJ

Hillsborough Township

·49th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,925/mo
Year-over-Year
Stable
Month-over-Month
-3.1%
vs US Median
+$963
Falling (Monthly)
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Most AffordableMost Expensive
Hillsborough Township · $2,925
More expensive than 89% of US cities · National median $1,962/mo
Affordability
49% of income
STRETCHED
0%30% benchmark60%+

At $2,925/mo, rent takes about 49% of the US median household income, well above the 30% benchmark.

Income to afford
$117,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Hillsborough Township's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,830
1 BR
$2,050
2 BR
$2,580
3 BR
$3,110
4 BR+
$3,420
Fair Market Rent (HUD)
$2,580/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,925 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
$35,100/yr
At $2,925/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.1% MoM), not inventory.
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View Hillsborough Township rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hillsborough Township on your salary?

At $2,925/mo, how Hillsborough Township rent compares to typical pay (30% rule).

By apartment size

Hillsborough Township rent by bedroom count

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

Local insights

Tips for renters in Hillsborough Township

About renting in Hillsborough Township, NJ

Last updated: August 17, 2026

The median rent in Hillsborough Township is $2,925/mo as of August 2026. A studio apartment averages $1,830/mo while a 2-bedroom runs $2,580/mo. One-bedroom apartments average $2,050/mo and 3-bedroom units go for $3,110/mo.

At 49% of estimated US median household income ($72,000/yr), Hillsborough Township ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Hillsborough Township an affordable city for renters?

Hillsborough Township is considered stretched for renters. At $2,925/mo, rent takes approximately 49% of the US median household income ($72,000/yr). The standard benchmark is 30%. Hillsborough Township significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Hillsborough Township?

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 $2,925/mo in Hillsborough Township.

Is rent going up or down in Hillsborough Township?

Rent in Hillsborough Township has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Hillsborough Township rent compare to other cities in New Jersey?

Hillsborough Township is one of the pricier cities in New Jersey for rent, ranking #49 out of 183 tracked cities at $2,925/mo.

Which nearby cities are cheaper to rent in than Hillsborough Township?

Several nearby cities have lower median rents than Hillsborough Township ($2,925/mo): Raritan ($2,500/mo), Somerville ($2,524/mo), Franklin Park ($2,613/mo).

How does Hillsborough Township rent compare to the national average?

Hillsborough Township's median rent of $2,925/mo is $963 (49%) above the US national median of $1,962/mo. Within New Jersey, it ranks #49 out of 183 tracked cities.
Income Affordability
49%
STRETCHED

At $2,925/mo, rent takes ~49% of US median household income ($72,000/yr). The standard benchmark is 30%.

Hillsborough Township 49%Benchmark 30%
State income tax1.4–10.75%
Run the Hillsborough Township affordability calculator →
Lowest-rent ZIP codes in Hillsborough Township
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Neighborhoods

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Public schools near Hillsborough Township, NJ

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