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City Report · NJ

Medford Township

·119th most expensive in New Jersey·Rental market data updated monthly for Medford Township, NJ
Median rent (all units)
$2,441/mo
Year-over-Year
Stable
Month-over-Month
-15.6%
vs US Median
+$479
Falling (Monthly)
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Most AffordableMost Expensive
Medford Township · $2,441
More expensive than 77% of US cities · National median $1,962/mo
Affordability
41% of income
STRETCHED
0%30% benchmark60%+

At $2,441/mo, rent takes about 41% of the US median household income, well above the 30% benchmark.

Income to afford
$98,000/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
Fair Market Rent (HUD)
$2,050/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,441 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
$29,292/yr
At $2,441/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, -15.6% MoM), not inventory.
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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 $2,441/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: August 17, 2026

The median rent in Medford Township is $2,441/mo as of August 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 41% 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 $2,441/mo, rent takes approximately 41% 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 $98,000/year (~$47/hour full-time) to afford the median rent of $2,441/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 August 2026.

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

Medford Township is middle-of-the-pack for New Jersey for rent, ranking #119 out of 183 tracked cities at $2,441/mo.

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

Several nearby cities have lower median rents than Medford Township ($2,441/mo): Voorhees Township ($1,890/mo), Lumberton Township ($2,040/mo), Eastampton Township ($2,072/mo).

How does Medford Township rent compare to the national average?

Medford Township's median rent of $2,441/mo is $479 (24%) above the US national median of $1,962/mo. Within New Jersey, it ranks #119 out of 183 tracked cities.
Income Affordability
41%
STRETCHED

At $2,441/mo, rent takes ~41% of US median household income ($72,000/yr). The standard benchmark is 30%.

Medford Township 41%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

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Public schools near Medford Township, NJ

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