How much does it cost to rent in Matawan, NJ?

As of August 2026, the median monthly rent in Matawan, NJ is $2,606. This figure is based on aggregated data from public sources and community-submitted rents.

Is Matawan cheaper than other New Jersey cities?

Matawan falls in the middle range for New Jersey, ranking #95 out of 183 cities at $2,606/mo.

When was Matawan rent data last updated?

Matawan rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Matawan, NJ?

HUD sets the Fair Market Rent for a two-bedroom home in Matawan, NJ at $2,340 per month, which is 10% below the $2,606 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · NJ

Matawan

Name: Average Rent Prices in Matawan, NJ
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 9,710·95th most expensive in New Jersey·One of the pricier rental markets in the US

Median rent (all units)

$2,606/mo

Year-over-Year

+1.6%

Month-over-Month

+1.4%

vs US Median

+$644

Rising (Monthly)

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Most AffordableMost Expensive

Matawan · $2,606

More expensive than 82% of US cities · National median $1,962/mo

Rent Reality Score

54/100

Fairly priced

OverheatedFairGreat value

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

Actual rent

$2,606/mo

Expected by trend

$2,654/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

Fair Market Rent (HUD)

$2,340/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,606 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

Loading…

Last updated: August 17, 2026

Annual cost

$31,272/yr

At $2,606/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.6% YoY, +1.4% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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 → $2,606

up 28.6%

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 $2,606, up 28.6% 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

Discussions about Matawan

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View Matawan rent history (2015–2026) →

Salary vs rent

Can you afford rent in Matawan on your salary?

At $2,606/mo, how Matawan rent compares to typical pay (30% rule).

Registered Nurse

Avg $105,818/yr · Rent = 29.6% income

affordable

Elementary School Teacher

Avg $75,130/yr · Rent = 41.6% income

rent-burdened

Police Officer

Avg $86,542/yr · Rent = 36.1% income

stretched

Software Developer

Avg $154,683/yr · Rent = 20.2% income

affordable

Lawyer

Avg $197,646/yr · Rent = 15.8% income

very comfortable

Firefighter

Avg $70,347/yr · Rent = 44.5% income

rent-burdened

Truck Driver

Avg $63,515/yr · Rent = 49.2% income

rent-burdened

Electrician

Avg $78,288/yr · Rent = 39.9% income

stretched

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: August 17, 2026

The median rent in Matawan is $2,606/mo as of August 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 $2,606/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 $104,000/year (~$50/hour full-time) to afford the median rent of $2,606/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 August 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 #95 out of 183 tracked cities at $2,606/mo.

Which nearby cities are cheaper to rent in than Matawan?

Perth Amboy is nearby and more affordable at $2,361/mo, which is $245 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 $2,606/mo is $644 (33%) above the US national median of $1,962/mo. Within New Jersey, it ranks #95 out of 183 tracked cities.

Income Affordability

25%

AFFORDABLE

At $2,606/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 →

Nearby cities