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ZIP Code · NJ

ZIP 07206

Pop. 31,930·Union County·173rd most expensive ZIP in New Jersey
Median rent (all units)
$2,069/mo
Year-over-Year
-10.0%
Month-over-Month
-5.9%
vs US Median
+$104
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 07206 · $2,069
More expensive than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,640
2 BR
$1,980
3 BR
$2,480
4 BR+
$2,820
Research median
$1,980/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
$24,828/yr
At $2,069/mo median
Location
StateNJ
CountyUnion County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 10.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-10.0% YoY, -5.9% MoM), not inventory.
Demographics

Who lives here

ZIP 07206 (Elizabeth, NJ) is majority renter-occupied, has a large share of families with children, 9.4% of residents hold a bachelor's degree or higher.

Population
31,930
Median income
$68,420
Median age
31.2
Renters
75.9%
Age distribution
29.8%
25.5%
25.8%
Under 1829.8%
18–3425.5%
35–5425.8%
55–649.4%
65+9.5%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
18.3%
71.2%
White11.7%
Black18.3%
Hispanic71.2%
Asian1%
Education (25+)
34.7%
35.9%
19.9%
No HS diploma34.7%
HS diploma35.9%
Some college19.9%
Bachelor's+9.4%
Housing tenure
24.1%
75.9%
Owner24.1%
Renter75.9%

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

2021 vs 2026

How ZIP 07206 in Elizabeth, NJ has changed in 5 years

Income
$51,870 → $68,420
up 31.9%
Population
29,387 → 31,930
up 8.7%
Renter share
72.7% → 75.9%
+3.2 pts
Bachelor's+
7.2% → 9.4%
+2.2 pts
Median age
32.4 → 31.2
-1.2 yrs

Local incomes tracked alongside that move, going from a median of $51,870 in 2021 to $68,420 more recently. The population has grown by 8.7% since 2021, moving from about 29,387 residents to roughly 31,930. Renters now make up 75.9% of households, compared with 72.7% five years ago. College-educated residents now make up 9.4% of adults here, versus 7.2% in 2021.

Community

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Local insights

Tips for renters in ZIP 07206

About renting in ZIP 07206

Last updated: July 20, 2026

ZIP code 07206 covers Elizabeth, NJ. The median rent here is $2,069/mo as of July 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,980/mo.

At 36% of local median household income ($68,420/yr), ZIP 07206 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 10.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 07206?

As of July 20, 2026, the median monthly rent in ZIP 07206 (Elizabeth, NJ) is $2,069. This is based on aggregated data from public sources and community submissions.

How does ZIP 07206 rent compare to the US average?

ZIP 07206's median rent of $2,069/mo is $104 (5%) above the US national median of $1,965/mo.

How does ZIP 07206 compare to other ZIPs in New Jersey?

ZIP 07206 is among the more affordable ZIP codes in New Jersey, ranking #173 out of 212 ZIPs at $2,069/mo.

How much income do you need to rent in ZIP 07206?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,069/mo in ZIP 07206. The local median household income is $68,420/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 07206?

Rent in ZIP 07206 has decreased 10.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 07206 an affordable place to rent?

ZIP 07206 is considered moderate for renters. At $2,069/mo, rent takes approximately 36% of the local median household income ($68,420/yr). The standard benchmark is 30%. ZIP 07206 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 07206 residents rent vs. own?

According to Census data, approximately 75.9% of ZIP 07206 households are renters, while 24.1% are owner-occupied. With a majority renter population, ZIP 07206 has a strong rental market.

How does ZIP 07206 compare to the rest of Elizabeth?

ZIP 07206 is more affordable than Elizabeth overall. At $2,069/mo, it's $186 below the Elizabeth citywide median of $2,255/mo.

When was rent data for ZIP 07206 last updated?

Rent data for ZIP 07206 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $2,069/mo, rent takes ~36% of ZIP 07206's median household income ($68,420/yr). The standard benchmark is 30%.

ZIP 07206 36%Benchmark 30%
State income tax1.4–10.75%
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Schools nearby

Public schools near ZIP 07206 (Elizabeth, NJ)

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