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New Providence, NJ rent trends

Rental prices in New Providence, NJ have increased by 1.67% over the past year. The average rent moved from $2,258 to $2,295.

Check out the average rent prices in New Providence by neighborhood.

Compared to the national average rent of $1,740, the average rent in New Providence, NJ is $2,295.

Average rent in New Providence, NJ

$2,295/mo New Providence, NJ average rental price, February 2026
Image Average Rent

The average monthly rent of apartments in New Providence, NJ is $2,295.

    What's the typical rent budget in New Providence, NJ?

    About 14% of apartment rents in New Providence, NJ range between $2,501-$3,000. Meanwhile, apartments around > $3,000 represent 2% of apartments. Around 55% of New Providence’s apartments are in the $2,001-$2,500 price range. 29% of apartments are priced between $1,501-$2,000.

    The largest share of rentals in New Providence, NJ (55%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in New Providence, NJ

    74 /100
    Very Walkable
    50 /100
    Bikeable
    Walk Score®: 74, Bike Score®: 50

    Frequently asked questions

    What is the average rent in New Providence, NJ?

    The average rent in New Providence, NJ is $2,128.

    What type of rental buildings are in New Providence, NJ?

    In New Providence, 18% of the residents are renting compared to 82% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of New Providence's rentals, 63% are small-scale complexes with under 50 units, and 3% are single-family rentals.

    What do typical apartment communities look like in New Providence, NJ?

    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 New Providence are about 68 years old, on average. Of these, none 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 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

    What apartment floorplans are common in New Providence, NJ?

    Studio apartments in New Providence are around 0% of rentals, while 1-bedroom floor plans represent 52% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 48% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

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    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!