The average rent in Merchantville, NJ is $1,549.
In Merchantville 43% of the housing is rented out compared to 57% of homes are owned, according to the most recent Census Bureau estimates. 22% of Merchantville's apartments are found in large buildings of 50 units or more, 74% are located in smaller apartment complexes with less than 50 units, and 4% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Merchantville are about 53 years old, on average. Of these, 20% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 7 stories. About 52% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and 41% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Merchantville are around 9% of rentals, while 1-bedroom floor plans represent 59% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 30% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Merchantville, located in Camden County, New Jersey, is a small town with close proximity to Philadelphia, PA, situated just about 5 miles away. This makes it an attractive location for those working in Philadelphia but preferring a quieter residential area. The town's main industries are retail, education, and healthcare, which attract a significant number of renters looking for opportunities in these sectors.
Merchantville is home to several parks and recreational areas, including Merchantville Community Center Park and Wellwood Park, which offer ample green spaces for outdoor activities such as picnics, sports, and walking trails. The town also boasts a growing arts scene with local galleries and craft stores, adding a cultural touch to its historical roots evident in its preserved Victorian and Colonial architecture.
The local cuisine in Merchantville reflects a blend of traditional American dishes and international flavors, with several Italian, Mexican, and American restaurants offering a variety of dining options. The town benefits from the Merchantville School District, serving grades Pre-K through 8, while high school students typically attend schools in nearby Pennsauken Township as part of a sending/receiving relationship.
Merchantville offers a range of rental options, from historic homes to modern apartments, catering to various preferences and lifestyles. The town features architectural styles predominantly from the Victorian era with well-preserved facades and interiors. Many of these homes are located near the town center, providing easy access to local shops, cafes, and public transportation options.
Rental properties in Merchantville attract diverse demographics. Young professionals often seek apartments close to local amenities and transport links to Philadelphia. Families tend to prefer spacious homes near schools and parks. The town's calm atmosphere combined with its cultural and historical charm makes it a desirable location for many.
Merchantville's shopping scene includes a mix of national retailers and independent shops. The Merchantville Market Off Centre, a local farmers market, is a popular spot where residents can purchase fresh local produce, handmade goods, and specialty foods. For a more extensive shopping experience, residents often visit nearby Cherry Hill Mall, which hosts a wide range of stores from fashion brands to tech gadgets.
The town itself is famed for its antique shops and local craft stores, attracting shoppers looking for unique items and gifts. Major grocery chains such as ShopRite and Acme Markets are also accessible to residents, providing convenience for daily needs.
Public transportation options in Merchantville primarily include bus services that connect residents to nearby cities like Philadelphia, making it convenient for commuters. NJ Transit provides several bus routes that facilitate easy access to major employment centers and attractions in the region.
For more extensive travel, residents can use the nearby Philadelphia International Airport, located approximately 18 miles from Merchantville, for both domestic and international flights. This connectivity is crucial for renters who travel frequently or have long-distance commuting needs.
Merchantville's strategic location, combined with its small-town charm and modern amenities, creates a balanced living environment suitable for a diverse population of renters.
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