Rents are 3% below what Phillipsburg'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 $1,988 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
Rent in Phillipsburg is 0.1% below its high of $1,990 in June 2026, at $1,988 as of September 2026.
Rent in Phillipsburg changed +2.9% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent rose in 7 of the last 12 months.
30% of the median household income ($68,324) is $1,708 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,630); a 3-bedroom is $2,090.
Nazareth, PA, 9 miles away, rents for 15% less ($1,686/mo), about $3,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Phillipsburg. 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
Phillipsburg, NJ is majority owner-occupied, 24.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Phillipsburg, NJ has changed in 5 years
The median rent in Phillipsburg, NJ stood at $1,567 in 2022 and currently runs about $1,988, reflecting a 26.9% increase over the period. Household income in the area moved from $57,292 to $68,324 across the same window, up 19.3% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.0% since 2021, moving from about 15,146 residents to roughly 15,299. College-educated residents now make up 24.6% of adults here, versus 21.3% in 2021. Reading these numbers side by side helps frame whether current listings in Phillipsburg, NJ look reasonable against where the market sat half a decade ago.
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Can you afford rent in Phillipsburg on your salary?
At $1,988/mo, how Phillipsburg rent compares to typical pay (30% rule).
Phillipsburg rent by bedroom count
Median rent for each apartment size in Phillipsburg. Click any size for full breakdown.
Tips for renters in Phillipsburg
Last updated: October 17, 2026
The median rent in Phillipsburg is $1,988/mo as of October 2026. A studio apartment averages $1,340/mo while a 2-bedroom runs $1,630/mo. One-bedroom apartments average $1,350/mo and 3-bedroom units go for $2,090/mo.
At 35% of local median household income ($68,324/yr), Phillipsburg ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.
Frequently asked questions
How much income do you need to rent in Phillipsburg?
Is rent going up or down in Phillipsburg?
How does Phillipsburg rent compare to other cities in New Jersey?
At $1,988/mo, rent takes ~35% of Phillipsburg's median household income ($68,324/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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