Rents are 4% below what Mt Laurel Township's 10-year trend predicts — a better deal than its own history suggests.
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 $2,404 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
January. Asking rents in Mt Laurel Township usually run 0.5% below trend in January and 0.8% above it in June, about $31 a month apart at today's median. Based on 9 years of data.
Rent in Mt Laurel Township is at its highest level since Zillow's records here began in May 2016.
Rent in Mt Laurel Township changed +4.8% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent in Mt Laurel Township is 47.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 8 months in a row, and rose in 11 of the last 12 months.
Maple Shade Township, 5 miles away, rents for 27% less ($1,766/mo), about $7,700 a year in savings.
From Zillow's monthly rent index (ZORI) for Mt Laurel Township. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series.
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How Mt Laurel Township, NJ has changed in 5 years
Compared with 2021, rent in Mt Laurel Township, NJ has increased by $659 per month, settling near $2,404 after starting the period at $1,745. Taken together, the five-year picture in Mt Laurel Township, NJ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Can you afford rent in Mt Laurel Township on your salary?
At $2,404/mo, how Mt Laurel Township rent compares to typical pay (30% rule).
Mt Laurel Township rent by bedroom count
Median rent for each apartment size in Mt Laurel Township. Click any size for full breakdown.
Tips for renters in Mt Laurel Township
Last updated: October 17, 2026
The median rent in Mt Laurel Township is $2,404/mo as of October 2026. A studio apartment averages $1,670/mo while a 2-bedroom runs $2,190/mo. One-bedroom apartments average $1,840/mo and 3-bedroom units go for $2,640/mo.
At 40% of estimated US median household income ($72,000/yr), Mt Laurel Township ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.
Frequently asked questions
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Is rent going up or down in Mt Laurel Township?
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How does Mt Laurel Township rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Mt Laurel Township?
At $2,404/mo, rent takes ~40% of US median household income ($72,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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