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City Report · NJ

Medford Township

·55th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,892/mo
Year-over-Year
Stable
Month-over-Month
-2.8%
vs US Median
+$927
Falling (Monthly)
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Most AffordableMost Expensive
Medford Township · $2,892
More expensive than 89% of US cities · National median $1,965/mo
Affordability
48% of income
STRETCHED
0%30% benchmark60%+

At $2,892/mo, rent takes about 48% of the US median household income, well above the 30% benchmark.

Income to afford
$116,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Medford Township's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,560
1 BR
$1,720
2 BR
$2,050
3 BR
$2,470
4 BR+
$2,810
Research median
$2,050/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
$34,704/yr
At $2,892/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.8% MoM), not inventory.
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Community

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View Medford Township rent history (2015–2026) →
Salary vs rent

Can you afford rent in Medford Township on your salary?

At $2,892/mo, how Medford Township rent compares to typical pay (30% rule).

By apartment size

Medford Township rent by bedroom count

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

Local insights

Tips for renters in Medford Township

About renting in Medford Township, NJ

Last updated: July 20, 2026

The median rent in Medford Township is $2,892/mo as of July 2026. A studio apartment averages $1,560/mo while a 2-bedroom runs $2,050/mo. One-bedroom apartments average $1,720/mo and 3-bedroom units go for $2,470/mo.

At 48% of estimated US median household income ($72,000/yr), Medford 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 Medford Township an affordable city for renters?

Medford Township is considered stretched for renters. At $2,892/mo, rent takes approximately 48% of the US median household income ($72,000/yr). The standard benchmark is 30%. Medford Township significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (~$56/hour full-time) to afford the median rent of $2,892/mo in Medford Township.

Is rent going up or down in Medford Township?

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

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

Medford Township is one of the pricier cities in New Jersey for rent, ranking #55 out of 180 tracked cities at $2,892/mo.

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

Several nearby cities have lower median rents than Medford Township ($2,892/mo): Eastampton Township ($1,881/mo), Voorhees Township ($1,882/mo), Lumberton Township ($1,974/mo).

How does Medford Township rent compare to the national average?

Medford Township's median rent of $2,892/mo is $927 (47%) above the US national median of $1,965/mo. Within New Jersey, it ranks #55 out of 180 tracked cities.
Income Affordability
48%
STRETCHED

At $2,892/mo, rent takes ~48% of US median household income ($72,000/yr). The standard benchmark is 30%.

Medford Township 48%Benchmark 30%
State income tax1.4–10.75%
Run the Medford Township affordability calculator →
Lowest-rent ZIP codes in Medford Township
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Medford Township, NJ

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