ZIP Code · NJ

ZIP 07201

Part of Elizabeth, NJ

Pop. 28,467·Union County·148th most expensive ZIP in New Jersey

Median rent (all units)

$2,260/mo

Year-over-Year

+1.9%

Month-over-Month

+1.1%

vs US Median

+$328

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 07201 · $2,260

More expensive than 72% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,400

1 BR

$1,600

2 BR

$1,930

3 BR

$2,430

4 BR+

$2,760

Research median

$1,930/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of New Jersey

Rent in ZIP 07201 changed +1.9% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($60,080) is $1,502 a month. That covers HUD's Fair Market Rent for up to a studio ($1,400); a 1-bedroom is $1,600.

Rank in Elizabeth

3rd cheapest of 4 ZIP codes in Elizabeth.

Cheaper nearby

ZIP 07114, 1 mile away, rents for 15% less ($1,926/mo), about $4,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07201. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,120/yr

At $2,260/mo median

Location

CityElizabeth

StateNJ

CountyUnion County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.9% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 07201 (Elizabeth, NJ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 13.2% of residents hold a bachelor's degree or higher.

Population

28,467

Median income

$60,080

Median age

36.7

Renters

80.2%

Age distribution

26.5%

21.4%

30.2%

Under 1826.5%

18–3421.4%

35–5430.2%

55–6410.8%

65+11.2%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

22.7%

18.8%

66.2%

White22.7%

Black18.8%

Hispanic66.2%

Asian1.2%

Education (25+)

27.3%

39.6%

19.9%

13.2%

No HS diploma27.3%

HS diploma39.6%

Some college19.9%

Bachelor's+13.2%

Housing tenure

19.8%

80.2%

Owner19.8%

Renter80.2%

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

2021 vs 2026

How ZIP 07201 in Elizabeth, NJ has changed in 5 years

Income

$52,768 → $60,080

up 13.9%

Population

28,207 → 28,467

up 0.9%

Renter share

76.7% → 80.2%

+3.5 pts

Bachelor's+

15.3% → 13.2%

-2.1 pts

Median age

35.5 → 36.7

+1.2 yrs

On the earnings side, the typical household in ZIP 07201 in Elizabeth, NJ now reports about $60,080, up from $52,768 in 2021. About 80.2% of households rent today, against 76.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 15.3% to 13.2%.

Community

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Local insights

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About renting in ZIP 07201

Last updated: October 17, 2026

ZIP code 07201 covers Elizabeth, NJ. The median rent here is $2,260/mo as of October 2026. A 1-bedroom rents for a median of $1,600/mo. A 2-bedroom rents for a median of $1,930/mo.

At 45% of local median household income ($60,080/yr), ZIP 07201 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07201?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (about $43/hour full-time) to afford the median rent of $2,260/mo in ZIP 07201. The local median household income is $60,080/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07201?

Rent in ZIP 07201 has risen 1.9% over the past year.

How does ZIP 07201 compare to other ZIPs in New Jersey?

ZIP 07201 is one of the more affordable among New Jersey ZIP codes for rent, ranking #148 of 209 at $2,260/mo. Over the year to September 2026, rent in ZIP 07201 changed +1.9%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.