What is the median rent in Chatham Borough, NJ?

Name: Median rent in Chatham Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Chatham Borough, NJ is $2,250 (±$139) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 510 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Chatham Borough, the median gross rent went from $1,845 in 2015–2019 to $2,250 in 2020–2024 (+22.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $2,250 (±$139)
Rented homes: 510 (±118)
$2,000 or more: 67.6%
Since 2015–2019: +22.0%

How much rent costs in Chatham Borough

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Chatham Borough	Morris County	New Jersey	United States
Less than $500	0.0% (±8.4 points)	4.1%	6.1%	6.3%
$500 to $999	0.0% (±8.4 points)	3.9%	7.9%	20.2%
$1,000 to $1,499	5.9% (±5.3 points)	17.5%	23.5%	28.1%
$1,500 to $1,999	26.5% (±10.3 points)	30.3%	28.5%	21.1%
$2,000 to $2,499	35.3% (±12.3 points)	17.6%	17.2%	12.0%
$2,500 to $2,999	13.1% (±9.6 points)	13.0%	7.9%	5.5%
$3,000 or more	19.2% (±7.2 points)	13.6%	8.9%	6.8%

The most common range is $2,000 to $2,499, paid by 35.3% of renting households.

67.6% of rented homes in Chatham Borough cost $2,000 or more a month.

Chatham Borough against Morris County, its state and the nation

Estimate (90% margin of error)
	Chatham Borough	Morris County	New Jersey	United States
Median gross rent	$2,250 (±$139)	$1,904 (±$30)	$1,720 (±$7)	$1,413
Rented homes paying rent	510 (±118)	48,017 (±1,617)	1,230,839 (±7,912)	42,849,984

In Chatham Borough, median gross rent is higher than in Morris County ($1,904).

It is also higher than in New Jersey ($1,720).

It is higher than the national figure ($1,413).

In Morris County, Chatham Borough ranks 21 of 39 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 95 of 548.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Chatham Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,845 (±$113)	$2,250 (±$139)	+22.0%	No measurable change after inflation
Households that rent	16.8% (±3.2 points)	17.5% (±3.7 points)	+0.7 percentage points	Not a measurable change
Rental vacancy rate	16.8% (±11.9 points)	0.0% (±8.3 points)	−16.8 percentage points	Measurable decrease

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Chatham Borough

Nearest places with a published estimate, compared with Chatham Borough
Place	Distance	Median gross rent	Compared with this place
Chatham Borough	—	$2,250 (±$139)	—
Summit	2.0 mi	$2,430 (±$210)	Not measurably different
Madison Borough	2.1 mi	$2,253 (±$120)	Not measurably different
Florham Park Borough	2.5 mi	$3,109 (±$364)	Higher
Chatham Township	3.0 mi	$2,769 (±$144)	Higher
Short Hills	3.0 mi	$3,126 (±$503)	Higher
New Providence Borough	3.1 mi	$1,903 (±$119)	Lower
Millburn Township	3.3 mi	$2,262 (±$237)	Not measurably different
Green Village	3.4 mi	$2,782 (±$120)	Higher

Nearby places with a measurably lower figure: New Providence Borough, NJ ($1,903).

Nearby places with a measurably higher figure: Florham Park Borough, NJ ($3,109), Chatham Township, NJ ($2,769), Short Hills, NJ ($3,126).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Morris County, place by place

Rank	Place	Median gross rent
15	Montville Township	$2,372 (±$202)
16	Long Hill Township	$2,329 (±$1,480)
17	Rockaway Township	$2,315 (±$379)
18	Kinnelon Borough	$2,282 (±$277)
19	Morristown Town	$2,274 (±$125)
20	Madison Borough	$2,253 (±$120)
21	Chatham Borough	$2,250 (±$139)
22	Roxbury Township	$1,983 (±$198)
23	Boonton Township	$1,870 (±$547)
24	Lincoln Park Borough	$1,857 (±$107)
25	Boonton Town	$1,849 (±$115)
26	Dover Town	$1,825 (±$163)
27	Denville Township	$1,817 (±$577)

Showing 13 of 39 places in Morris County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Chatham Borough

What is the average rent in Chatham Borough, NJ?

The Census Bureau publishes the median rather than the average: the median gross rent in Chatham Borough is $2,250 (±$139) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Chatham Borough?

In Chatham Borough, the median gross rent went from $1,845 in 2015–2019 to $2,250 in 2020–2024 (+22.0%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Chatham Borough cost more than $2,000 a month?

67.6% of rented homes in Chatham Borough have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Chatham Borough higher than in Morris County?

In Chatham Borough, median gross rent is higher than in Morris County ($1,904).

It is also higher than in New Jersey ($1,720).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Chatham borough, Morris County, New Jersey (county subdivision:12100, in state:34 county:027).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.