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City Report · NJ

Matawan

Pop. 9,710·100th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,571/mo
Year-over-Year
+1.6%
Month-over-Month
Stable
vs US Median
+$606
Stable (Monthly)
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Most AffordableMost Expensive
Matawan · $2,571
More expensive than 82% of US cities · National median $1,965/mo
Rent Reality Score
54/100
Fairly priced
OverheatedFairGreat value

Rents are 2% below what Matawan's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,571/mo
Expected by trend
$2,629/mo
The Rent Reality Score compares today's median rent to where Matawan's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,680
1 BR
$1,890
2 BR
$2,340
3 BR
$3,020
4 BR+
$3,350
Research median
$2,340/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
$30,852/yr
At $2,571/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.6% YoY, +0.0% MoM), not inventory.
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Demographics

Who lives here

Matawan, NJ is roughly split between renters and owners, has a median income above the national average, 43.4% of residents hold a bachelor's degree or higher.

Population
9,710
Median income
$123,354
Median age
34.7
Renters
48.1%
Age distribution
21.5%
28.9%
21.4%
14%
14.2%
Under 1821.5%
18–3428.9%
35–5421.4%
55–6414%
65+14.2%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
66.2%
12.3%
15.8%
White66.2%
Black12.3%
Hispanic15.8%
Asian1.3%
Other4.5%
Education (25+)
32.2%
19.1%
43.4%
No HS diploma5.3%
HS diploma32.2%
Some college19.1%
Bachelor's+43.4%
Housing tenure
51.9%
48.1%
Owner51.9%
Renter48.1%

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

2022 vs 2026

How Matawan, NJ has changed in 5 years

Rent
$2,027 → $2,571
up 26.8%
Income
$115,035 → $123,354
up 7.2%
Population
9,486 → 9,710
up 2.4%
Renter share
34.6% → 48.1%
+13.5 pts
Bachelor's+
40.1% → 43.4%
+3.3 pts
Median age
37.5 → 34.7
-2.8 yrs

Across the past five years, the going rent in Matawan, NJ has shifted from $2,027 to $2,571, up 26.8% since 2022. Household income in the area moved from $115,035 to $123,354 across the same window, up 7.2% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Matawan, NJ adding about 224 residents over the five-year window, up 2.4% on net. The renter share has risen from 34.6% to 48.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 40.1% to 43.4% across the same window. Reading these numbers side by side helps frame whether current listings in Matawan, NJ look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Matawan on your salary?

At $2,571/mo, how Matawan rent compares to typical pay (30% rule).

By apartment size

Matawan rent by bedroom count

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

Local insights

Tips for renters in Matawan

About renting in Matawan, NJ

Last updated: July 20, 2026

The median rent in Matawan is $2,571/mo as of July 2026. A studio apartment averages $1,680/mo while a 2-bedroom runs $2,340/mo. One-bedroom apartments average $1,890/mo and 3-bedroom units go for $3,020/mo.

At 25% of local median household income ($123,354/yr), Matawan ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

Is Matawan an affordable city for renters?

Matawan is considered affordable for renters. At $2,571/mo, rent takes approximately 25% of the local median household income ($123,354/yr). The standard benchmark is 30%. Matawan falls comfortably within that range.

How much income do you need to rent in Matawan?

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 $2,571/mo in Matawan. The local median household income is $123,354/yr, meaning the typical Matawan household meets that threshold.

Is rent going up or down in Matawan?

Rent in Matawan has increased 1.6% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Matawan is middle-of-the-pack for New Jersey for rent, ranking #100 out of 180 tracked cities at $2,571/mo.

Which nearby cities are cheaper to rent in than Matawan?

Perth Amboy is nearby and more affordable at $2,394/mo, which is $177 less than Matawan.

What percentage of Matawan residents rent vs. own?

According to Census data, approximately 48.1% of Matawan households are renters, while 51.9% are owner-occupied. Matawan leans toward homeownership, which can mean a smaller rental inventory.

How does Matawan rent compare to the national average?

Matawan's median rent of $2,571/mo is $606 (31%) above the US national median of $1,965/mo. Within New Jersey, it ranks #100 out of 180 tracked cities.
Income Affordability
25%
AFFORDABLE

At $2,571/mo, rent takes ~25% of Matawan's median household income ($123,354/yr). The standard benchmark is 30%.

Matawan 25%Benchmark 30%
State income tax1.4–10.75%
Run the Matawan affordability calculator →
Lowest-rent ZIP codes in Matawan
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Matawan, NJ

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