At $7,203/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.
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 $7,203 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: September 25, 2026
What the numbers show
30% of the median household income ($250,001) is $6,250 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,210).
From Zillow's monthly rent index (ZORI) for Short Hills. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Short Hills, NJ has changed in 5 years
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.
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Can you afford rent in Short Hills on your salary?
At $7,203/mo, how Short Hills rent compares to typical pay (30% rule).
Short Hills rent by bedroom count
Median rent for each apartment size in Short Hills. Click any size for full breakdown.
Tips for renters in Short Hills
Last updated: September 25, 2026
The median rent in Short Hills is $7,203/mo as of September 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 35% 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.
Frequently asked questions
How much income do you need to rent in Short Hills?
Is rent going up or down in Short Hills?
How does Short Hills rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Short Hills?
At $7,203/mo, rent takes ~35% of Short Hills's median household income ($250,001/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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