Rents are 4% below what Red Bank'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 $3,256 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 Red Bank is 1% below its high of $3,290 in August 2026, at $3,256 as of September 2026.
Rent in Red Bank changed +2.5% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($97,477) is $2,437 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,360); a 3-bedroom is $3,140.
Atlantic Highlands, 4 miles away, rents for 11% less ($2,889/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Red Bank. 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
Red Bank, NJ is roughly split between renters and owners, has a large retiree population, has a median income above the national average, 51.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Red Bank, NJ has changed in 5 years
Rent in Red Bank, NJ has increased 16.0% since 2023, going from about $2,807 per month to roughly $3,256 today. Census figures show median household income at $97,477 today, compared with $80,781 five years earlier. Income growth outran rent by about 4.7 percentage points, easing the affordability math somewhat compared with 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
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At $3,256/mo, how Red Bank rent compares to typical pay (30% rule).
Red Bank rent by bedroom count
Median rent for each apartment size in Red Bank. Click any size for full breakdown.
Tips for renters in Red Bank
Last updated: October 17, 2026
The median rent in Red Bank is $3,256/mo as of October 2026. A studio apartment averages $1,700/mo while a 2-bedroom runs $2,360/mo. One-bedroom apartments average $1,910/mo and 3-bedroom units go for $3,140/mo.
At 40% of local median household income ($97,477/yr), Red Bank ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.
Frequently asked questions
How much income do you need to rent in Red Bank?
Is rent going up or down in Red Bank?
How does Red Bank rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Red Bank?
At $3,256/mo, rent takes ~40% of Red Bank's median household income ($97,477/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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