City Report · NJ

Hillsborough Township

·57th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,818/mo
Year-over-Year
Stable
Month-over-Month
+4.5%
vs US Median
+$886
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Hillsborough Township · $2,818
More expensive than 87% of US cities · National median $1,932/mo
Affordability
47% of income
STRETCHED
0%30% benchmark60%+

At $2,818/mo, rent takes about 47% of the US median household income, well above the 30% benchmark.

Income to afford
$113,000/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 $2,818 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: October 17, 2026

Annual cost
$33,816/yr
At $2,818/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.5% MoM), not inventory.
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Community

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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 $2,818/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: October 17, 2026

The median rent in Hillsborough Township is $2,818/mo as of October 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 47% 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

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 $113,000/year (about $54/hour full-time) to afford the median rent of $2,818/mo in Hillsborough Township.

Is rent going up or down in Hillsborough Township?

Rent in Hillsborough Township has been roughly flat over the past year, a 0.0% change.

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

Hillsborough Township is one of the pricier among New Jersey cities for rent, ranking #57 of 178 tracked cities at $2,818/mo.

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

Nearby cities with lower median rent than Hillsborough Township ($2,818/mo) include Somerville ($2,270/mo), Raritan ($2,525/mo), and Franklin Park ($2,613/mo).
Income Affordability
47%
STRETCHED

At $2,818/mo, rent takes ~47% of US median household income ($72,000/yr). The standard benchmark is 30%.

Hillsborough Township 47%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

Estimated from ZIP-level data

Schools nearby

Public schools near Hillsborough Township, NJ

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