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City Report · NJ

Wayne

·114th most expensive in New Jersey·Rental market data updated monthly for Wayne, NJ
Median rent (all units)
$2,461/mo
Year-over-Year
-2.5%
Month-over-Month
+0.9%
vs US Median
+$496
Rising (Monthly)
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Most AffordableMost Expensive
Wayne · $2,461
More expensive than 78% of US cities · National median $1,965/mo
Affordability
41% of income
STRETCHED
0%30% benchmark60%+

At $2,461/mo, rent takes about 41% of the US median household income, well above the 30% benchmark.

Income to afford
$98,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Wayne's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$2,010
2 BR
$2,300
3 BR
$2,830
4 BR+
$3,580
Research median
$2,300/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
$29,532/yr
At $2,461/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-2.5% YoY, +0.9% MoM), not inventory.
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Community

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View Wayne rent history (2015–2026) →
Salary vs rent

Can you afford rent in Wayne on your salary?

At $2,461/mo, how Wayne rent compares to typical pay (30% rule).

By apartment size

Wayne rent by bedroom count

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

Local insights

Tips for renters in Wayne

About renting in Wayne, NJ

Last updated: July 20, 2026

The median rent in Wayne is $2,461/mo as of July 2026. A studio apartment averages $1,730/mo while a 2-bedroom runs $2,300/mo. One-bedroom apartments average $2,010/mo and 3-bedroom units go for $2,830/mo.

At 41% of estimated US median household income ($72,000/yr), Wayne ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.5% over the past year.

FAQ

Frequently asked questions

Is Wayne an affordable city for renters?

Wayne is considered stretched for renters. At $2,461/mo, rent takes approximately 41% of the US median household income ($72,000/yr). The standard benchmark is 30%. Wayne significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Wayne?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (~$47/hour full-time) to afford the median rent of $2,461/mo in Wayne.

Is rent going up or down in Wayne?

Rent in Wayne has decreased 2.5% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Wayne rent compare to other cities in New Jersey?

Wayne is middle-of-the-pack for New Jersey for rent, ranking #114 out of 180 tracked cities at $2,461/mo.

Which nearby cities are cheaper to rent in than Wayne?

Paterson is nearby and more affordable at $1,941/mo, which is $520 less than Wayne.

How does Wayne rent compare to the national average?

Wayne's median rent of $2,461/mo is $496 (25%) above the US national median of $1,965/mo. Within New Jersey, it ranks #114 out of 180 tracked cities.
Income Affordability
41%
STRETCHED

At $2,461/mo, rent takes ~41% of US median household income ($72,000/yr). The standard benchmark is 30%.

Wayne 41%Benchmark 30%
State income tax1.4–10.75%
Run the Wayne affordability calculator →
Lowest-rent ZIP codes in Wayne
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Wayne, NJ

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