Franklin Park, NJ Rental Market Trends
Last updated: April 12, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Franklin Park is $2,336, a 0.57% decrease compared to the previous year, when the average rent was $2,350.
One-bedroom apartments provide 901 square feet for $2,052, balancing privacy and affordability.
Two-beedroom units at $2,631 offer 1,217 square feet, perfect for roommates or small families.
Average rent in Franklin Park, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,336 | 1,043 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,052 | 901 sq. ft. |
| 2 Beds | $2,631 | 1,217 sq. ft. |
| 3 Beds | n/a | n/a |
Franklin Park, NJ rent trends
Rental prices in Franklin Park, NJ have decreased by 0.57% over the past year. The average rent moved from $2,350 to $2,336.
What's the typical rent budget in Franklin Park, NJ?
The largest share of rentals in Franklin Park, NJ (41%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Franklin Park, NJ?
2,325 or 44% of the households in Franklin Park, NJ are renter-occupied while 2,924 or 56% are owner-occupied.
How Franklin Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Jersey City | $3,687 |
| Jersey Shore | $2,159 |
| Newark | $1,729 |
| Bayonne | $2,576 |
| East Orange | $1,899 |
| Elizabeth | $1,868 |
| Hoboken | $4,492 |
| Summit | $2,877 |
| Long Branch | $2,653 |
| Paterson | $1,734 |
| Iselin | $2,243 |
| Old Bridge | $2,252 |
| Franklin Park | $2,336 |
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 Franklin Park 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.