Garwood, NJ Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Garwood is $3,156, a 1.58% increase compared to the previous year, when the average rent was $3,107.
One-bedroom apartments provide 918 square feet for $2,977, balancing privacy and affordability.
Average rent in Garwood, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $3,156 | 959 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,977 | 918 sq. ft. |
| 2 Beds | n/a | n/a |
| 3 Beds | n/a | n/a |
Garwood, NJ rent trends
Rental prices in Garwood, NJ have increased by 1.58% over the past year. The average rent moved from $3,107 to $3,156.
What's the typical rent budget in Garwood, NJ?
The largest share of rentals in Garwood, NJ (56%) 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 Garwood, NJ?
899 or 45% of the households in Garwood, NJ are renter-occupied while 1,089 or 55% are owner-occupied.
How Garwood Compares to Other Cities
| City | Average Rent |
|---|---|
| Garwood | $3,156 |
| 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 |
| Carteret | $2,416 |
| Metuchen | $2,885 |
| Middlesex | $2,200 |
| Roselle | $2,196 |
| Roseland | $3,215 |
| South Plainfield | $2,551 |
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 Garwood 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.