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City Report · NJ

Raritan

Pop. 8,368·108th most expensive in New Jersey·Rental market data updated monthly for Raritan, NJ
Median rent (all units)
$2,500/mo
Year-over-Year
+3.5%
Month-over-Month
-2.1%
vs US Median
+$538
Falling (Monthly)
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Most AffordableMost Expensive
Raritan · $2,500
More expensive than 79% of US cities · National median $1,962/mo
Affordability
28% of income
AFFORDABLE
0%30% benchmark60%+

At $2,500/mo, rent takes about 28% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$100,000/yr
Local median income
$107,672/yr
Based on the 30%-of-income rule using Raritan's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,560
1 BR
$1,750
2 BR
$2,200
3 BR
$2,650
4 BR+
$2,920
Fair Market Rent (HUD)
$2,200/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,500 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$30,000/yr
At $2,500/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 (+3.5% YoY, -2.1% MoM), not inventory.
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Demographics

Who lives here

Raritan, NJ is roughly split between renters and owners, has a median income above the national average, 44.5% of residents hold a bachelor's degree or higher.

Population
8,368
Median income
$107,672
Median age
41.3
Renters
50.1%
Age distribution
14.3%
25.6%
30.3%
15.8%
14%
Under 1814.3%
18–3425.6%
35–5430.3%
55–6415.8%
65+14%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
49.6%
21.7%
21.7%
White49.6%
Black4.1%
Hispanic21.7%
Asian21.7%
Other2.9%
Education (25+)
24.5%
23.1%
44.5%
No HS diploma7.9%
HS diploma24.5%
Some college23.1%
Bachelor's+44.5%
Housing tenure
49.9%
50.1%
Owner49.9%
Renter50.1%

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

2021 vs 2026

How Raritan, NJ has changed in 5 years

Income
$90,125 → $107,672
up 19.5%
Population
7,993 → 8,368
up 4.7%
Renter share
44.1% → 50.1%
+6.0 pts
Bachelor's+
36.6% → 44.5%
+7.9 pts
Median age
43.3 → 41.3
-2.0 yrs

Census figures show median household income at $107,672 today, compared with $90,125 five years earlier. The population has grown by 4.7% since 2021, moving from about 7,993 residents to roughly 8,368. Renters now make up 50.1% of households, compared with 44.1% five years ago. College-educated residents now make up 44.5% of adults here, versus 36.6% in 2021.

Community

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

Can you afford rent in Raritan on your salary?

At $2,500/mo, how Raritan rent compares to typical pay (30% rule).

By apartment size

Raritan rent by bedroom count

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

Local insights

Tips for renters in Raritan

About renting in Raritan, NJ

Last updated: August 17, 2026

The median rent in Raritan is $2,500/mo as of August 2026. A studio apartment averages $1,560/mo while a 2-bedroom runs $2,200/mo. One-bedroom apartments average $1,750/mo and 3-bedroom units go for $2,650/mo.

At 28% of local median household income ($107,672/yr), Raritan ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.5% over the past year.

FAQ

Frequently asked questions

Is Raritan an affordable city for renters?

Raritan is considered affordable for renters. At $2,500/mo, rent takes approximately 28% of the local median household income ($107,672/yr). The standard benchmark is 30%. Raritan falls comfortably within that range.

How much income do you need to rent in Raritan?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (~$48/hour full-time) to afford the median rent of $2,500/mo in Raritan. The local median household income is $107,672/yr, meaning the typical Raritan household meets that threshold.

Is rent going up or down in Raritan?

Rent in Raritan has increased 3.5% over the past year as of August 2026, putting upward pressure on renter budgets.

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

Raritan is middle-of-the-pack for New Jersey for rent, ranking #108 out of 183 tracked cities at $2,500/mo.

What percentage of Raritan residents rent vs. own?

According to Census data, approximately 50.1% of Raritan households are renters, while 49.9% are owner-occupied. With a majority renter population, Raritan has a strong rental market.

How does Raritan rent compare to the national average?

Raritan's median rent of $2,500/mo is $538 (27%) above the US national median of $1,962/mo. Within New Jersey, it ranks #108 out of 183 tracked cities.
Income Affordability
28%
AFFORDABLE

At $2,500/mo, rent takes ~28% of Raritan's median household income ($107,672/yr). The standard benchmark is 30%.

Raritan 28%Benchmark 30%
State income tax1.4–10.75%
Run the Raritan affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Raritan, NJ

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