At $3,464/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,464 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 →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($161,500) is $4,038 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,000); a 4-bedroom is $4,450.
From Zillow's monthly rent index (ZORI) for Morganville. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Morganville, NJ is majority owner-occupied, has a median income above the national average, 59.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Morganville, NJ has changed in 5 years
Census figures show median household income at $161,500 today, compared with $118,845 five years earlier. The population has grown by 16.6% since 2021, moving from about 5,061 residents to roughly 5,902. Renters now make up 11.9% of households, compared with 8% five years ago.
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Can you afford rent in Morganville on your salary?
At $3,464/mo, how Morganville rent compares to typical pay (30% rule).
Morganville rent by bedroom count
Median rent for each apartment size in Morganville. Click any size for full breakdown.
Tips for renters in Morganville
Last updated: October 17, 2026
The median rent in Morganville is $3,464/mo as of October 2026. A studio apartment averages $2,170/mo while a 2-bedroom runs $3,000/mo. One-bedroom apartments average $2,430/mo and 3-bedroom units go for $4,000/mo.
At 26% of local median household income ($161,500/yr), Morganville ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Morganville?
Is rent going up or down in Morganville?
How does Morganville rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Morganville?
At $3,464/mo, rent takes ~26% of Morganville's median household income ($161,500/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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