At $3,288/mo, rent takes about 18% 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 $3,288 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 Spring Lake changed +42.1% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($215,625) is $5,391 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,020).
Belmar, 2 miles away, rents for 14% less ($2,818/mo), about $5,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Spring Lake. 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
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 $3,288/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: October 17, 2026
The median rent in Spring Lake is $3,288/mo as of October 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 18% of local median household income ($215,625/yr), Spring Lake ranks as affordable compared to the national benchmark of 30%. Rents have increased 42.1% over the past year.
Frequently asked questions
How much income do you need to rent in Spring Lake?
Is rent going up or down in Spring Lake?
How does Spring Lake rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Spring Lake?
At $3,288/mo, rent takes ~18% 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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