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City Report · NJ

Mt Laurel Township

·136th most expensive in New Jersey·Rental market data updated monthly for Mt Laurel Township, NJ
Median rent (all units)
$2,290/mo
Year-over-Year
+2.9%
Month-over-Month
+0.1%
vs US Median
+$325
Stable (Monthly)
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Most AffordableMost Expensive
Mt Laurel Township · $2,290
More expensive than 72% of US cities · National median $1,965/mo
Rent Reality Score
61/100
Good value
OverheatedFairGreat value

Rents are 6% below what Mt Laurel Township's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,290/mo
Expected by trend
$2,424/mo
The Rent Reality Score compares today's median rent to where Mt Laurel Township's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,670
1 BR
$1,840
2 BR
$2,190
3 BR
$2,640
4 BR+
$3,000
Research median
$2,190/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
$27,480/yr
At $2,290/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.9% YoY, +0.1% MoM), not inventory.
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2021 vs 2026

How Mt Laurel Township, NJ has changed in 5 years

Rent
$1,704 → $2,290
up 34.4%

Compared with 2021, rent in Mt Laurel Township, NJ has increased by $586 per month, settling near $2,290 after starting the period at $1,704. 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.

Community

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View Mt Laurel Township rent history (2015–2026) →
Salary vs rent

Can you afford rent in Mt Laurel Township on your salary?

At $2,290/mo, how Mt Laurel Township rent compares to typical pay (30% rule).

By apartment size

Mt Laurel Township rent by bedroom count

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

Local insights

Tips for renters in Mt Laurel Township

About renting in Mt Laurel Township, NJ

Last updated: July 20, 2026

The median rent in Mt Laurel Township is $2,290/mo as of July 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 38% 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 2.9% over the past year.

FAQ

Frequently asked questions

Is Mt Laurel Township an affordable city for renters?

Mt Laurel Township is considered moderate for renters. At $2,290/mo, rent takes approximately 38% of the US median household income ($72,000/yr). The standard benchmark is 30%. Mt Laurel Township slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Mt Laurel Township?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,290/mo in Mt Laurel Township.

Is rent going up or down in Mt Laurel Township?

Rent in Mt Laurel Township has increased 2.9% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Mt Laurel Township is one of the more affordable cities in New Jersey for rent, ranking #136 out of 180 tracked cities at $2,290/mo.

Which nearby cities are cheaper to rent in than Mt Laurel Township?

Maple Shade Township is nearby and more affordable at $1,708/mo, which is $582 less than Mt Laurel Township.

How does Mt Laurel Township rent compare to the national average?

Mt Laurel Township's median rent of $2,290/mo is $325 (17%) above the US national median of $1,965/mo. Within New Jersey, it ranks #136 out of 180 tracked cities.
Income Affordability
38%
MODERATE

At $2,290/mo, rent takes ~38% of US median household income ($72,000/yr). The standard benchmark is 30%.

Mt Laurel Township 38%Benchmark 30%
State income tax1.4–10.75%
Run the Mt Laurel Township affordability calculator →
Lowest-rent ZIP codes in Mt Laurel Township
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Mt Laurel Township, NJ

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