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City Report · NJ

Monroe Township

·48th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$2,927/mo
Year-over-Year
Stable
Month-over-Month
-9.4%
vs US Median
+$962
Falling (Monthly)
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Most AffordableMost Expensive
Monroe Township · $2,927
More expensive than 89% of US cities · National median $1,965/mo
Affordability
49% of income
STRETCHED
0%30% benchmark60%+

At $2,927/mo, rent takes about 49% of the US median household income, well above the 30% benchmark.

Income to afford
$117,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Monroe Township's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,460
1 BR
$1,650
2 BR
$2,070
3 BR
$2,490
4 BR+
$2,740
Research median
$2,070/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
$35,124/yr
At $2,927/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, -9.4% MoM), not inventory.
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Community

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Salary vs rent

Can you afford rent in Monroe Township on your salary?

At $2,927/mo, how Monroe Township rent compares to typical pay (30% rule).

By apartment size

Monroe Township rent by bedroom count

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

Local insights

Tips for renters in Monroe Township

About renting in Monroe Township, NJ

Last updated: July 20, 2026

The median rent in Monroe Township is $2,927/mo as of July 2026. A studio apartment averages $1,460/mo while a 2-bedroom runs $2,070/mo. One-bedroom apartments average $1,650/mo and 3-bedroom units go for $2,490/mo.

At 49% of estimated US median household income ($72,000/yr), Monroe 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 Monroe Township an affordable city for renters?

Monroe Township is considered stretched for renters. At $2,927/mo, rent takes approximately 49% of the US median household income ($72,000/yr). The standard benchmark is 30%. Monroe Township significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $117,000/year (~$56/hour full-time) to afford the median rent of $2,927/mo in Monroe Township.

Is rent going up or down in Monroe Township?

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

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

Monroe Township is one of the pricier cities in New Jersey for rent, ranking #48 out of 180 tracked cities at $2,927/mo.

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

Several nearby cities have lower median rents than Monroe Township ($2,927/mo): East Windsor Township ($2,548/mo), East Brunswick ($2,626/mo), North Brunswick ($2,670/mo).

How does Monroe Township rent compare to the national average?

Monroe Township's median rent of $2,927/mo is $962 (49%) above the US national median of $1,965/mo. Within New Jersey, it ranks #48 out of 180 tracked cities.
Income Affordability
49%
STRETCHED

At $2,927/mo, rent takes ~49% of US median household income ($72,000/yr). The standard benchmark is 30%.

Monroe Township 49%Benchmark 30%
State income tax1.4–10.75%
Run the Monroe Township affordability calculator →
Lowest-rent ZIP codes in Monroe Township
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Monroe Township, NJ

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