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City Report · NJ

Montvale

Pop. 8,901·7th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$4,257/mo
Year-over-Year
Stable
Month-over-Month
+0.7%
vs US Median
+$2,292
Rising (Monthly)
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Most AffordableMost Expensive
Montvale · $4,257
More expensive than 98% of US cities · National median $1,965/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $4,257/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$170,000/yr
Local median income
$178,269/yr
Based on the 30%-of-income rule using Montvale's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,880
1 BR
$2,180
2 BR
$2,500
3 BR
$3,080
4 BR+
$3,890
Research median
$2,500/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
$51,084/yr
At $4,257/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 (+0.0% YoY, +0.7% MoM), not inventory.
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Demographics

Who lives here

Montvale, NJ is majority owner-occupied, has a median income above the national average, 55% of residents hold a bachelor's degree or higher.

Population
8,901
Median income
$178,269
Median age
40.1
Renters
20%
Age distribution
24.4%
14.6%
30.5%
12.1%
18.4%
Under 1824.4%
18–3414.6%
35–5430.5%
55–6412.1%
65+18.4%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
71.9%
13.8%
White71.9%
Black5.2%
Hispanic8.9%
Asian13.8%
Education (25+)
13.9%
26.6%
55%
No HS diploma4.5%
HS diploma13.9%
Some college26.6%
Bachelor's+55%
Housing tenure
80%
20%
Owner80%
Renter20%

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

2021 vs 2026

How Montvale, NJ has changed in 5 years

Income
$163,170 → $178,269
up 9.3%
Population
8,413 → 8,901
up 5.8%
Renter share
12% → 20%
+8.0 pts
Bachelor's+
58.6% → 55%
-3.6 pts
Median age
43.1 → 40.1
-3.0 yrs

Median household income grew from $163,170 to $178,269 between 2021 and 2024, a 9.3% shift. Headcount in the area went from 8,413 to 8,901 between 2021 and 2024, a 5.8% change. About 20% of households rent today, against 12% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 58.6% to 55%.

Community

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View Montvale rent history (2015–2026) →
Salary vs rent

Can you afford rent in Montvale on your salary?

At $4,257/mo, how Montvale rent compares to typical pay (30% rule).

By apartment size

Montvale rent by bedroom count

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

Local insights

Tips for renters in Montvale

About renting in Montvale, NJ

Last updated: July 20, 2026

The median rent in Montvale is $4,257/mo as of July 2026. A studio apartment averages $1,880/mo while a 2-bedroom runs $2,500/mo. One-bedroom apartments average $2,180/mo and 3-bedroom units go for $3,080/mo.

At 29% of local median household income ($178,269/yr), Montvale ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Montvale an affordable city for renters?

Montvale is considered affordable for renters. At $4,257/mo, rent takes approximately 29% of the local median household income ($178,269/yr). The standard benchmark is 30%. Montvale falls comfortably within that range.

How much income do you need to rent in Montvale?

To keep rent at or below 30% of gross income, you would need to earn at least $170,000/year (~$82/hour full-time) to afford the median rent of $4,257/mo in Montvale. The local median household income is $178,269/yr, meaning the typical Montvale household meets that threshold.

Is rent going up or down in Montvale?

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

How does Montvale rent compare to other cities in New Jersey?

Montvale is one of the pricier cities in New Jersey for rent, ranking #7 out of 180 tracked cities at $4,257/mo.

Which nearby cities are cheaper to rent in than Montvale?

Several nearby cities have lower median rents than Montvale ($4,257/mo): Suffern ($2,833/mo), Nyack ($2,855/mo), Nanuet ($3,103/mo).

What percentage of Montvale residents rent vs. own?

According to Census data, approximately 20% of Montvale households are renters, while 80% are owner-occupied. Montvale leans toward homeownership, which can mean a smaller rental inventory.

How does Montvale rent compare to the national average?

Montvale's median rent of $4,257/mo is $2,292 (117%) above the US national median of $1,965/mo. Within New Jersey, it ranks #7 out of 180 tracked cities.
Income Affordability
29%
AFFORDABLE

At $4,257/mo, rent takes ~29% of Montvale's median household income ($178,269/yr). The standard benchmark is 30%.

Montvale 29%Benchmark 30%
State income tax1.4–10.75%
Run the Montvale affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Montvale, NJ

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