RentDataNowRentDataNow
ZIP Code · NJ

ZIP 08831

Pop. 55,658·Middlesex County·64th most expensive ZIP in New Jersey
Median rent (all units)
$2,834/mo
Year-over-Year
Stable
Month-over-Month
-6.8%
vs US Median
+$869
Falling (Monthly)
Be the first to discuss 08831 rents ↓
Most AffordableMost Expensive
ZIP 08831 · $2,834
More expensive than 87% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,760
1 BR
$1,930
2 BR
$2,430
3 BR
$2,910
4 BR+
$3,220
Research median
$2,430/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$34,008/yr
At $2,834/mo median
Location
StateNJ
CountyMiddlesex County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.8% MoM), not inventory.
Demographics

Who lives here

ZIP 08831 (Monroe Township, NJ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 51.8% of residents hold a bachelor's degree or higher.

Population
55,658
Median income
$109,042
Median age
54.8
Renters
10.4%
Age distribution
17.6%
22.5%
13.4%
36.3%
Under 1817.6%
18–3410.2%
35–5422.5%
55–6413.4%
65+36.3%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
63.8%
25.3%
White63.8%
Black2.4%
Hispanic10.4%
Asian25.3%
Education (25+)
21.8%
21.1%
51.8%
No HS diploma5.3%
HS diploma21.8%
Some college21.1%
Bachelor's+51.8%
Housing tenure
89.6%
Owner89.6%
Renter10.4%

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

2021 vs 2026

How ZIP 08831 in Monroe Township, NJ has changed in 5 years

Income
$101,137 → $109,042
up 7.8%
Population
53,894 → 55,658
up 3.3%
Renter share
10.7% → 10.4%
-0.3 pts
Bachelor's+
47.1% → 51.8%
+4.7 pts
Median age
53.3 → 54.8
+1.5 yrs

Census figures show median household income at $109,042 today, compared with $101,137 five years earlier. Census counts show ZIP 08831 in Monroe Township, NJ adding about 1,764 residents over the five-year window, up 3.3% on net. Bachelor's-degree-or-higher attainment moved from 47.1% to 51.8% across the same window.

Community

Discussions about ZIP 08831

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 08831

About renting in ZIP 08831

Last updated: July 20, 2026

ZIP code 08831 covers Monroe Township, NJ. The median rent here is $2,834/mo as of July 2026. A 1-bedroom rents for a median of $1,930/mo. A 2-bedroom rents for a median of $2,430/mo.

At 31% of local median household income ($109,042/yr), ZIP 08831 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 08831?

As of July 20, 2026, the median monthly rent in ZIP 08831 (Monroe Township, NJ) is $2,834. This is based on aggregated data from public sources and community submissions.

How does ZIP 08831 rent compare to the US average?

ZIP 08831's median rent of $2,834/mo is $869 (44%) above the US national median of $1,965/mo.

How does ZIP 08831 compare to other ZIPs in New Jersey?

ZIP 08831 is one of the pricier ZIP codes in New Jersey, ranking #64 out of 212 ZIPs tracked at $2,834/mo.

How much income do you need to rent in ZIP 08831?

To keep rent at or below 30% of gross income, you would need to earn at least $113,000/year (~$54/hour full-time) to afford the median rent of $2,834/mo in ZIP 08831. The local median household income is $109,042/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 08831?

Rent in ZIP 08831 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 08831 an affordable place to rent?

ZIP 08831 is considered moderate for renters. At $2,834/mo, rent takes approximately 31% of the local median household income ($109,042/yr). The standard benchmark is 30%. ZIP 08831 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 08831 residents rent vs. own?

According to Census data, approximately 10.4% of ZIP 08831 households are renters, while 89.6% are owner-occupied. ZIP 08831 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 08831 compare to the rest of Monroe Township?

ZIP 08831 is more affordable than Monroe Township overall. At $2,834/mo, it's $93 below the Monroe Township citywide median of $2,927/mo.

When was rent data for ZIP 08831 last updated?

Rent data for ZIP 08831 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
31%
MODERATE

At $2,834/mo, rent takes ~31% of ZIP 08831's median household income ($109,042/yr). The standard benchmark is 30%.

ZIP 08831 31%Benchmark 30%
State income tax1.4–10.75%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 08831 (Monroe Township, NJ)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.