Rents are 6% above what Red Bank's 10-year trend predicts — running hotter than its own history.
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 $3,232 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: August 17, 2026
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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 18.7% since 2023, going from about $2,722 per month to roughly $3,232 today. Census figures show median household income at $97,477 today, compared with $80,781 five years earlier. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.
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Can you afford rent in Red Bank on your salary?
At $3,232/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: August 17, 2026
The median rent in Red Bank is $3,232/mo as of August 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 14.2% over the past year.
Frequently asked questions
Is Red Bank an affordable city for renters?
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Is rent going up or down in Red Bank?
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What percentage of Red Bank residents rent vs. own?
How does Red Bank rent compare to the national average?
At $3,232/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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