Chatham, NJ Rental Market Trends
Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Chatham is $3,526, a 0.03% decrease compared to the previous year, when the average rent was $3,527.
One-bedroom apartments provide 865 square feet for $3,149, balancing privacy and affordability.
Two-beedroom units at $3,879 offer 1,107 square feet, perfect for roommates or small families.
Average rent in Chatham, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,526 | 990 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $3,149 | 865 sq. ft. |
| 2 Beds | $3,879 | 1,107 sq. ft. |
| 3 Beds | n/a | n/a |
Chatham, NJ rent trends
Rental prices in Chatham, NJ have decreased by 0.03% over the past year. The average rent moved from $3,527 to $3,526.
What's the typical rent budget in Chatham, NJ?
The largest share of rentals in Chatham, NJ (73%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Chatham, NJ?
311 or 18% of the households in Chatham, NJ are renter-occupied while 1,440 or 82% are owner-occupied.
How Chatham Compares to Other Cities
| City | Average Rent |
|---|---|
| Jersey City | $3,768 |
| Jersey Shore | $2,153 |
| Newark | $1,706 |
| Bayonne | $2,585 |
| East Orange | $1,849 |
| Elizabeth | $1,854 |
| Hoboken | $4,560 |
| Summit | $2,862 |
| Long Branch | $2,563 |
| Paterson | $1,705 |
| Glen Ridge | $3,459 |
| Roselle Park | $2,004 |
| New Providence | $2,159 |
| Caldwell | $2,177 |
| Garwood | $3,156 |
| Roselle | $2,196 |
| Roseland | $3,215 |
| Chatham | $3,526 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Chatham apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.