ZIP 07701
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in ZIP 07701 is 1.2% below its high of $3,296 in February 2026, at $3,256 as of September 2026.
Rent in ZIP 07701 changed +2.6% over the year to September 2026. Across the 149 New Jersey ZIP codes Zillow tracks, the typical change was +2.8%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($112,143) is $2,804 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,660); a 3-bedroom is $3,480.
ZIP 07716, 4 miles away, rents for 11% less ($2,889/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 07701. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 07701 (Red Bank, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 51.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 07701 in Red Bank, NJ has changed in 5 years
Five years ago, renters in ZIP 07701 in Red Bank, NJ paid around $2,813 a month. That figure now sits near $3,256, up 15.7% from the 2023 baseline. Household income in the area moved from $102,191 to $112,143 across the same window, up 9.7% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 07701 in Red Bank, NJ losing about 634 residents over the five-year window, down 2.5% on net. Reading these numbers side by side helps frame whether current listings in ZIP 07701 in Red Bank, NJ look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 07701
Last updated: October 17, 2026
ZIP code 07701 covers Red Bank, NJ. The median rent here is $3,256/mo as of October 2026. A 1-bedroom rents for a median of $2,160/mo. A 2-bedroom rents for a median of $2,660/mo.
At 35% of local median household income ($112,143/yr), ZIP 07701 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.6% over the past year.
Frequently asked questions
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How does ZIP 07701 compare to the rest of Red Bank?
At $3,256/mo, rent takes ~35% of ZIP 07701's median household income ($112,143/yr). The standard benchmark is 30%.
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