Somerset, NJ Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Somerset is $2,458, a 3.77% increase compared to the previous year, when the average rent was $2,369.
Studio Apartments at $1,880 offer the most budget-friendly option with 596 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 757 square feet for $2,219, balancing privacy and affordability.
Two-beedroom units at $2,707 offer 1,071 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,347 sq ft) for $3,443, suitable for larger households.
Average rent in Somerset, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,458 | 904 sq. ft. |
| Studio | $1,880 | 596 sq. ft. |
| 1 Bed | $2,219 | 757 sq. ft. |
| 2 Beds | $2,707 | 1,071 sq. ft. |
| 3 Beds | $3,443 | 1,347 sq. ft. |
Somerset, NJ rent trends
Rental prices in Somerset, NJ have increased by 3.77% over the past year. The average rent moved from $2,369 to $2,458.
What's the typical rent budget in Somerset, NJ?
The largest share of rentals in Somerset, NJ (43%) 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 Somerset, NJ?
2,630 or 27% of the households in Somerset, NJ are renter-occupied while 7,130 or 73% are owner-occupied.
How Somerset 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 |
| Dayton | $2,178 |
| Woodbridge | $2,618 |
| Avenel | $2,308 |
| Iselin | $2,423 |
| Fords | $2,318 |
| Old Bridge | $2,303 |
| Somerset | $2,458 |
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 Somerset 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.