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The average rent in Medford Lakes, NJ is $1,871.

In Medford Lakes 12% of the housing is rented out compared to 88% of homes are owned, according to the most recent Census Bureau estimates. 8% of Medford Lakes's apartments are found in large buildings of 50 units or more, 66% are located in smaller apartment complexes with less than 50 units, and 26% are single-family rentals.

The average age of rental buildings in Medford Lakes is 46 years old, with 14% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 2 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Medford Lakes come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 56% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Medford Lakes. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.