ZIP Code · NJ

ZIP 07203

Part of Roselle, NJ

Pop. 22,646·Union County·105th most expensive ZIP in New Jersey

Median rent (all units)

$2,488/mo

Year-over-Year

+1.8%

Month-over-Month

Stable

vs US Median

+$556

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 07203 · $2,488

More expensive than 80% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,490

1 BR

$1,690

2 BR

$2,040

3 BR

$2,550

4 BR+

$2,900

Research median

$2,040/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

Compared with the peak

Rent in ZIP 07203 is 0.1% below its high of $2,490 in August 2026, at $2,488 as of September 2026.

Past year vs. the rest of New Jersey

Rent in ZIP 07203 changed +1.8% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($92,762) is $2,319 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,040); a 3-bedroom is $2,550.

Cheaper nearby

ZIP 07208, 2 miles away, rents for 16% less ($2,080/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 07203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,856/yr

At $2,488/mo median

Location

CityRoselle

StateNJ

CountyUnion County

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 (+1.8% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 07203 (Roselle, NJ) is roughly split between renters and owners, has a median income above the national average, 27.1% of residents hold a bachelor's degree or higher.

Population

22,646

Median income

$92,762

Median age

39.4

Renters

45.3%

Age distribution

18.3%

25.7%

28.6%

12.6%

14.7%

Under 1818.3%

18–3425.7%

35–5428.6%

55–6412.6%

65+14.7%

Gender

49.3%

50.7%

Male49.3%

Female50.7%

Race & ethnicity

14%

40.8%

44.2%

White14%

Black40.8%

Hispanic44.2%

Asian1.4%

Education (25+)

15%

33.4%

24.5%

27.1%

No HS diploma15%

HS diploma33.4%

Some college24.5%

Bachelor's+27.1%

Housing tenure

54.7%

45.3%

Owner54.7%

Renter45.3%

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

2023 vs 2026

How ZIP 07203 in Roselle, NJ has changed in 5 years

Rent

$2,179 → $2,488

up 14.2%

Income

$68,369 → $92,762

up 35.7%

Population

22,511 → 22,646

up 0.6%

Renter share

43% → 45.3%

+2.3 pts

Bachelor's+

22.4% → 27.1%

+4.7 pts

Median age

37.9 → 39.4

+1.5 yrs

Five years ago, renters in ZIP 07203 in Roselle, NJ paid around $2,179 a month. That figure now sits near $2,488, up 14.2% from the 2023 baseline. Local incomes tracked alongside that move, going from a median of $68,369 in 2021 to $92,762 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. The renter share has risen from 43% to 45.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 22.4% to 27.1% across the same window. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 07203 in Roselle, NJ market of 2023.

Community

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Local insights

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About renting in ZIP 07203

Last updated: October 17, 2026

ZIP code 07203 covers Roselle, NJ. The median rent here is $2,488/mo as of October 2026. A 1-bedroom rents for a median of $1,690/mo. A 2-bedroom rents for a median of $2,040/mo.

At 32% of local median household income ($92,762/yr), ZIP 07203 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 07203?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (about $48/hour full-time) to afford the median rent of $2,488/mo in ZIP 07203. The local median household income is $92,762/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 07203?

Rent in ZIP 07203 has risen 1.8% over the past year as of September 2026. It sits 0.1% below its high of $2,490 in August 2026.

How does ZIP 07203 compare to other ZIPs in New Jersey?

ZIP 07203 is in the middle among New Jersey ZIP codes for rent, ranking #105 of 209 at $2,488/mo. Over the year to September 2026, rent in ZIP 07203 changed +1.8%, against a typical +2.8% across the 149 New Jersey ZIP codes Zillow tracks.