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City Report · NJ

Spring Lake

Pop. 2,779·4th most expensive in New Jersey·Spring Lake rents have dropped 16.1%, currently a renter's market
Median rent (all units)
$5,642/mo
Year-over-Year
-16.1%
Month-over-Month
+6.3%
vs US Median
+$3,677
Rising (Monthly)
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Most AffordableMost Expensive
Spring Lake · $5,642
More expensive than 99% of US cities · National median $1,965/mo
Affordability
31% of income
MODERATE
0%30% benchmark60%+

At $5,642/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.

Income to afford
$226,000/yr
Local median income
$215,625/yr
Based on the 30%-of-income rule using Spring Lake's median rent and household income. See the full affordability breakdown →
Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$67,704/yr
At $5,642/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 16.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-16.1% YoY, +6.3% MoM), not inventory.
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Demographics

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.

Population
2,779
Median income
$215,625
Median age
59.8
Renters
8.2%
Age distribution
18.5%
23%
37%
Under 1810.8%
18–3410.7%
35–5418.5%
55–6423%
65+37%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
96.1%
White96.1%
Hispanic0.6%
Other3.1%
Education (25+)
84.1%
No HS diploma1.7%
HS diploma6.5%
Some college7.7%
Bachelor's+84.1%
Housing tenure
91.8%
Owner91.8%
Renter8.2%

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

2021 vs 2026

How Spring Lake, NJ has changed in 5 years

Income
$119,659 → $215,625
up 80.2%
Population
2,814 → 2,779
down 1.2%
Renter share
13.4% → 8.2%
-5.2 pts
Bachelor's+
77.4% → 84.1%
+6.7 pts
Median age
58.5 → 59.8
+1.3 yrs

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%.

Community

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View Spring Lake rent history (2015–2026) →
Salary vs rent

Can you afford rent in Spring Lake on your salary?

At $5,642/mo, how Spring Lake rent compares to typical pay (30% rule).

By apartment size

Spring Lake rent by bedroom count

Median rent for each apartment size in Spring Lake. Click any size for full breakdown.

Local insights

Tips for renters in Spring Lake

About renting in Spring Lake, NJ

Last updated: July 20, 2026

The median rent in Spring Lake is $5,642/mo as of July 2026.

At 31% of local median household income ($215,625/yr), Spring Lake ranks as moderate compared to the national benchmark of 30%. Rents have decreased 16.1% over the past year.

FAQ

Frequently asked questions

Is Spring Lake an affordable city for renters?

Spring Lake is considered moderate for renters. At $5,642/mo, rent takes approximately 31% of the local median household income ($215,625/yr). The standard benchmark is 30%. Spring Lake slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Spring Lake?

To keep rent at or below 30% of gross income, you would need to earn at least $226,000/year (~$109/hour full-time) to afford the median rent of $5,642/mo in Spring Lake. The local median household income is $215,625/yr, meaning the typical Spring Lake household falls short of that threshold.

Is rent going up or down in Spring Lake?

Rent in Spring Lake has decreased 16.1% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Spring Lake rent compare to other cities in New Jersey?

Spring Lake is one of the pricier cities in New Jersey for rent, ranking #4 out of 180 tracked cities at $5,642/mo.

Which nearby cities are cheaper to rent in than Spring Lake?

Several nearby cities have lower median rents than Spring Lake ($5,642/mo): Neptune Township ($2,769/mo), Asbury Park ($2,872/mo), Ocean ($3,291/mo).

What percentage of Spring Lake residents rent vs. own?

According to Census data, approximately 8.2% of Spring Lake households are renters, while 91.8% are owner-occupied. Spring Lake leans toward homeownership, which can mean a smaller rental inventory.

How does Spring Lake rent compare to the national average?

Spring Lake's median rent of $5,642/mo is $3,677 (187%) above the US national median of $1,965/mo. Within New Jersey, it ranks #4 out of 180 tracked cities.
Income Affordability
31%
MODERATE

At $5,642/mo, rent takes ~31% of Spring Lake's median household income ($215,625/yr). The standard benchmark is 30%.

Spring Lake 31%Benchmark 30%
State income tax1.4–10.75%
Run the Spring Lake affordability calculator →
Lowest-rent ZIP codes in Spring Lake
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Spring Lake, NJ

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