What is the median rent in Mendham Borough, NJ?
The median gross rent in Mendham Borough, NJ is $3,500 or more a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 254 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
Figures last updated on .
- Median gross rent
- $3,500 or more
- Rented homes
- 254 (±91)
- $2,000 or more
- 56.3%
How much rent costs in Mendham Borough
| Monthly gross rent | Mendham Borough | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 6.7% (±6.6 points) | 4.1% | 6.1% | 6.3% |
| $500 to $999 | 23.2% (±20.4 points) | 3.9% | 7.9% | 20.2% |
| $1,000 to $1,499 | 9.1% (±8.3 points) | 17.5% | 23.5% | 28.1% |
| $1,500 to $1,999 | 4.7% (±8.2 points) | 30.3% | 28.5% | 21.1% |
| $2,000 to $2,499 | 0.0% (±16.2 points) | 17.6% | 17.2% | 12.0% |
| $2,500 to $2,999 | 0.0% (±16.2 points) | 13.0% | 7.9% | 5.5% |
| $3,000 or more | 56.3% (±22.5 points) | 13.6% | 8.9% | 6.8% |
The most common range is $3,000 or more, paid by 56.3% of renting households.
56.3% of rented homes in Mendham Borough cost $2,000 or more a month.
Mendham Borough against Morris County, its state and the nation
| Mendham Borough | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $3,500 or more | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 254 (±91) | 48,017 (±1,617) | 1,230,839 (±7,912) | 42,849,984 |
How rent in Mendham Borough has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 11.4% (±3.7 points) | 14.1% (±4.7 points) | +2.7 percentage points | Not a measurable change |
| Rental vacancy rate | 14.0% (±19.8 points) | 12.1% (±14.8 points) | −1.9 percentage points | Not a measurable change |
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 Mendham Borough
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Mendham Borough | — | $3,500 or more | — |
| Bernardsville Borough | 2.6 mi | $2,297 (±$315) | — |
| Brookside | 2.6 mi | $3,500 or more | — |
| Mendham Township | 2.8 mi | $3,500 or more | — |
| Peapack and Gladstone Borough | 4.6 mi | $1,820 (±$157) | — |
| Chester Township | 4.7 mi | $2,787 (±$892) | — |
| Basking Ridge | 4.7 mi | $546 (±$205) | — |
| Chester Borough | 5.1 mi | $1,344 (±$675) | — |
| Randolph Township | 5.2 mi | $1,808 (±$77) | — |
None of the nearby places differs measurably from this one on this figure.
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 |
|---|---|---|
| 1 (tie) | Mendham Borough | $3,500 or more |
| 1 (tie) | Mendham Township | $3,500 or more |
| 1 (tie) | Mountain Lakes Borough | $3,500 or more |
| 4 | Florham Park Borough | $3,109 (±$364) |
| 5 | Harding Township | $2,917 (±$2,565) |
| 6 | Morris Plains Borough | $2,835 (±$203) |
| 7 | Hanover Township | $2,813 (±$227) |
Showing 7 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 Mendham Borough
What is the average rent in Mendham Borough, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Mendham Borough is $3,500 or more a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How many rentals in Mendham Borough cost more than $2,000 a month?
56.3% of rented homes in Mendham Borough have a gross rent of $2,000 or more a month, and 6.7% cost less than $500.
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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Mendham borough, Morris County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Mendham borough, Morris County, New Jersey (county subdivision:45330, 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.
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.
Figures last updated on .
Related
- Housing in Mendham Borough at a glance
- Rent by bedrooms in Mendham Borough
- Renters and owners in Mendham Borough
- Income and affordability in Mendham Borough
- Home values in Mendham Borough
- Homeowner costs in Mendham Borough
- Property taxes in Mendham Borough
- Types of homes in Mendham Borough
- Bedrooms in Mendham Borough
- Age of homes in Mendham Borough
- Heating fuel in Mendham Borough
- Commute and cars in Mendham Borough
- Crime reported to police in Mendham Borough
- Population growth in Mendham Borough
- How long people stay in Mendham Borough
- New Jersey landlord and tenant rules
- Housing across Morris County
- New Jersey places ranked by median rent
- Housing data for every place in New Jersey