Carteret, 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 Carteret is $2,416, a 3.67% increase compared to the previous year, when the average rent was $2,331.
Studio Apartments at $1,802 offer the most budget-friendly option with 590 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 834 square feet for $2,201, balancing privacy and affordability.
Two-beedroom units at $2,575 offer 1,145 square feet, perfect for roommates or small families.
Average rent in Carteret, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,416 | 1,020 sq. ft. |
| Studio | $1,802 | 590 sq. ft. |
| 1 Bed | $2,201 | 834 sq. ft. |
| 2 Beds | $2,575 | 1,145 sq. ft. |
| 3 Beds | n/a | n/a |
Carteret, NJ rent trends
Rental prices in Carteret, NJ have increased by 3.67% over the past year. The average rent moved from $2,331 to $2,416.
What's the typical rent budget in Carteret, NJ?
The largest share of rentals in Carteret, NJ (59%) 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 Carteret, NJ?
3,320 or 45% of the households in Carteret, NJ are renter-occupied while 4,107 or 55% are owner-occupied.
How Carteret Compares to Other Cities
| City | Average Rent |
|---|---|
| Carteret | $2,416 |
| 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 |
| Roselle Park | $2,004 |
| New York City | $5,227 |
| New Providence | $2,159 |
| Keyport | $1,867 |
| Metuchen | $2,885 |
| Garwood | $3,156 |
| Matawan | $2,203 |
| Sayreville | $1,923 |
| Roselle | $2,196 |
| Keansburg | $1,659 |
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 Carteret 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.