At $5,292/mo, rent takes about 29% of the local median household income, comfortably within 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 $5,292 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
Spring Lake, NJ is majority owner-occupied, has a large retiree population, has a median income above the national average, 84.1% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Spring Lake, NJ has changed in 5 years
On the earnings side, the typical household in Spring Lake, NJ now reports about $215,625, up from $119,659 in 2021. Headcount in the area went from 2,814 to 2,779 between 2021 and 2024, a 1.2% change. About 8.2% of households rent today, against 13.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 77.4% to 84.1%.
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Can you afford rent in Spring Lake on your salary?
At $5,292/mo, how Spring Lake rent compares to typical pay (30% rule).
Spring Lake rent by bedroom count
Median rent for each apartment size in Spring Lake. Click any size for full breakdown.
Tips for renters in Spring Lake
Last updated: August 17, 2026
The median rent in Spring Lake is $5,292/mo as of August 2026. A studio apartment averages $1,470/mo while a 2-bedroom runs $2,040/mo. One-bedroom apartments average $1,650/mo and 3-bedroom units go for $2,720/mo.
At 29% of local median household income ($215,625/yr), Spring Lake ranks as affordable compared to the national benchmark of 30%. Rents have decreased 25.2% over the past year.
Frequently asked questions
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What percentage of Spring Lake residents rent vs. own?
How does Spring Lake rent compare to the national average?
At $5,292/mo, rent takes ~29% of Spring Lake's median household income ($215,625/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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