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City Report · NJ

Monmouth Junction

Pop. 9,141·96th most expensive in New Jersey·Monmouth Junction rents are up 5.6% over the past year
Median rent (all units)
$2,612/mo
Year-over-Year
+5.6%
Month-over-Month
-3.7%
vs US Median
+$647
Falling (Monthly)
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Most AffordableMost Expensive
Monmouth Junction · $2,612
More expensive than 82% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,612/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$104,000/yr
Local median income
$133,585/yr
Based on the 30%-of-income rule using Monmouth Junction's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,610
1 BR
$1,810
2 BR
$2,280
3 BR
$2,750
4 BR+
$3,020
Research median
$2,280/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
$31,344/yr
At $2,612/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 (+5.6% YoY, -3.7% MoM), not inventory.
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Demographics

Who lives here

Monmouth Junction, NJ is majority owner-occupied, has a median income above the national average, 75.8% of residents hold a bachelor's degree or higher.

Population
9,141
Median income
$133,585
Median age
39.9
Renters
35.9%
Age distribution
21.5%
20.4%
32.4%
12.8%
12.9%
Under 1821.5%
18–3420.4%
35–5432.4%
55–6412.8%
65+12.9%
Gender
46.4%
53.6%
Male46.4%
Female53.6%
Race & ethnicity
26.9%
59.9%
White26.9%
Black5.2%
Hispanic4.8%
Asian59.9%
Other3.2%
Education (25+)
75.8%
No HS diploma4%
HS diploma10.2%
Some college10.1%
Bachelor's+75.8%
Housing tenure
64.1%
35.9%
Owner64.1%
Renter35.9%

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

2021 vs 2026

How Monmouth Junction, NJ has changed in 5 years

Income
$123,906 → $133,585
up 7.8%
Population
9,728 → 9,141
down 6.0%
Renter share
36.3% → 35.9%
-0.4 pts
Bachelor's+
77.4% → 75.8%
-1.6 pts
Median age
39.2 → 39.9
+0.7 yrs

On the earnings side, the typical household in Monmouth Junction, NJ now reports about $133,585, up from $123,906 in 2021. Headcount in the area went from 9,728 to 9,141 between 2021 and 2024, a 6.0% change.

Community

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View Monmouth Junction rent history (2015–2026) →
Salary vs rent

Can you afford rent in Monmouth Junction on your salary?

At $2,612/mo, how Monmouth Junction rent compares to typical pay (30% rule).

By apartment size

Monmouth Junction rent by bedroom count

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

Local insights

Tips for renters in Monmouth Junction

About renting in Monmouth Junction, NJ

Last updated: July 20, 2026

The median rent in Monmouth Junction is $2,612/mo as of July 2026. A studio apartment averages $1,610/mo while a 2-bedroom runs $2,280/mo. One-bedroom apartments average $1,810/mo and 3-bedroom units go for $2,750/mo.

At 23% of local median household income ($133,585/yr), Monmouth Junction ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

Is Monmouth Junction an affordable city for renters?

Monmouth Junction is considered very affordable for renters. At $2,612/mo, rent takes approximately 23% of the local median household income ($133,585/yr). The standard benchmark is 30%. Monmouth Junction falls comfortably within that range.

How much income do you need to rent in Monmouth Junction?

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 $2,612/mo in Monmouth Junction. The local median household income is $133,585/yr, meaning the typical Monmouth Junction household meets that threshold.

Is rent going up or down in Monmouth Junction?

Rent in Monmouth Junction has increased 5.6% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Monmouth Junction rent compare to other cities in New Jersey?

Monmouth Junction is middle-of-the-pack for New Jersey for rent, ranking #96 out of 180 tracked cities at $2,612/mo.

Which nearby cities are cheaper to rent in than Monmouth Junction?

Plainsboro is nearby and more affordable at $2,097/mo, which is $515 less than Monmouth Junction.

What percentage of Monmouth Junction residents rent vs. own?

According to Census data, approximately 35.9% of Monmouth Junction households are renters, while 64.1% are owner-occupied. Monmouth Junction leans toward homeownership, which can mean a smaller rental inventory.

How does Monmouth Junction rent compare to the national average?

Monmouth Junction's median rent of $2,612/mo is $647 (33%) above the US national median of $1,965/mo. Within New Jersey, it ranks #96 out of 180 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $2,612/mo, rent takes ~23% of Monmouth Junction's median household income ($133,585/yr). The standard benchmark is 30%.

Monmouth Junction 23%Benchmark 30%
State income tax1.4–10.75%
Run the Monmouth Junction affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Monmouth Junction, NJ

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