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City Report · NJ

Short Hills

Pop. 14,923·3rd most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$6,365/mo
Year-over-Year
Stable
Month-over-Month
+8.9%
vs US Median
+$4,400
Rising (Monthly)
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Most AffordableMost Expensive
Short Hills · $6,365
More expensive than 99% of US cities · National median $1,965/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $6,365/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$255,000/yr
Local median income
$250,001/yr
Based on the 30%-of-income rule using Short Hills's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,130
1 BR
$2,430
2 BR
$2,940
3 BR
$3,700
4 BR+
$4,210
Research median
$2,940/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
$76,380/yr
At $6,365/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.9% MoM), not inventory.
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Demographics

Who lives here

Short Hills, NJ is majority owner-occupied, has a large share of families with children, has a median income above the national average, 92.6% of residents hold a bachelor's degree or higher.

Population
14,923
Median income
$250,001
Median age
41.5
Renters
13.5%
Age distribution
31.9%
35.1%
Under 1831.9%
18–3410.9%
35–5435.1%
55–6410.4%
65+11.7%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
52%
40.4%
White52%
Black1.4%
Hispanic4.3%
Asian40.4%
Other1.9%
Education (25+)
92.6%
No HS diploma1%
HS diploma2.3%
Some college4.1%
Bachelor's+92.6%
Housing tenure
86.5%
13.5%
Owner86.5%
Renter13.5%

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

2021 vs 2026

How Short Hills, NJ has changed in 5 years

Income
$250,001 → $250,001
up 0.0%
Population
14,500 → 14,923
up 2.9%
Renter share
11.7% → 13.5%
+1.8 pts
Bachelor's+
88.2% → 92.6%
+4.4 pts

Local incomes tracked alongside that move, going from a median of $250,001 in 2021 to $250,001 more recently. The population has grown by 2.9% since 2021, moving from about 14,500 residents to roughly 14,923. Renters now make up 13.5% of households, compared with 11.7% five years ago. College-educated residents now make up 92.6% of adults here, versus 88.2% in 2021.

Community

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View Short Hills rent history (2015–2026) →
Salary vs rent

Can you afford rent in Short Hills on your salary?

At $6,365/mo, how Short Hills rent compares to typical pay (30% rule).

By apartment size

Short Hills rent by bedroom count

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

Local insights

Tips for renters in Short Hills

About renting in Short Hills, NJ

Last updated: July 20, 2026

The median rent in Short Hills is $6,365/mo as of July 2026. A studio apartment averages $2,130/mo while a 2-bedroom runs $2,940/mo. One-bedroom apartments average $2,430/mo and 3-bedroom units go for $3,700/mo.

At 31% of local median household income ($250,001/yr), Short Hills ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Short Hills an affordable city for renters?

Short Hills is considered moderate for renters. At $6,365/mo, rent takes approximately 31% of the local median household income ($250,001/yr). The standard benchmark is 30%. Short Hills slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Short Hills?

To keep rent at or below 30% of gross income, you would need to earn at least $255,000/year (~$123/hour full-time) to afford the median rent of $6,365/mo in Short Hills. The local median household income is $250,001/yr, meaning the typical Short Hills household falls short of that threshold.

Is rent going up or down in Short Hills?

Rent in Short Hills has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Short Hills rent compare to other cities in New Jersey?

Short Hills is one of the pricier cities in New Jersey for rent, ranking #3 out of 180 tracked cities at $6,365/mo.

Which nearby cities are cheaper to rent in than Short Hills?

Several nearby cities have lower median rents than Short Hills ($6,365/mo): Springfield ($2,694/mo), Maplewood ($2,718/mo), Summit ($3,006/mo).

What percentage of Short Hills residents rent vs. own?

According to Census data, approximately 13.5% of Short Hills households are renters, while 86.5% are owner-occupied. Short Hills leans toward homeownership, which can mean a smaller rental inventory.

How does Short Hills rent compare to the national average?

Short Hills's median rent of $6,365/mo is $4,400 (224%) above the US national median of $1,965/mo. Within New Jersey, it ranks #3 out of 180 tracked cities.
Income Affordability
31%
MODERATE

At $6,365/mo, rent takes ~31% of Short Hills's median household income ($250,001/yr). The standard benchmark is 30%.

Short Hills 31%Benchmark 30%
State income tax1.4–10.75%
Run the Short Hills affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Short Hills, NJ

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