What is the median rent in Monmouth Junction, NJ?
The median gross rent in Monmouth Junction, NJ is $1,935 (±$127) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 1,188 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Monmouth Junction, the median gross rent went from $2,356 in 2015–2019 to $1,935 in 2020–2024 (−17.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
Figures last updated on .
- Median gross rent
- $1,935 (±$127)
- Rented homes
- 1,188 (±223)
- $2,000 or more
- 44.2%
- Since 2015–2019
- −17.9%
How much rent costs in Monmouth Junction
| Monthly gross rent | Monmouth Junction | Middlesex County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±3.7 points) | 4.4% | 6.1% | 6.3% |
| $500 to $999 | 4.5% (±4.2 points) | 4.4% | 7.9% | 20.2% |
| $1,000 to $1,499 | 6.7% (±4.5 points) | 17.3% | 23.5% | 28.1% |
| $1,500 to $1,999 | 44.6% (±11.8 points) | 32.2% | 28.5% | 21.1% |
| $2,000 to $2,499 | 38.1% (±13.2 points) | 25.7% | 17.2% | 12.0% |
| $2,500 to $2,999 | 2.7% (±2.5 points) | 10.2% | 7.9% | 5.5% |
| $3,000 or more | 3.4% (±3.2 points) | 5.7% | 8.9% | 6.8% |
The most common range is $1,500 to $1,999, paid by 44.6% of renting households.
44.2% of rented homes in Monmouth Junction cost $2,000 or more a month.
Monmouth Junction against Middlesex County, its state and the nation
| Monmouth Junction | Middlesex County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $1,935 (±$127) | $1,871 (±$20) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 1,188 (±223) | 108,756 (±1,919) | 1,230,839 (±7,912) | 42,849,984 |
In Monmouth Junction, median gross rent is not measurably different from Middlesex County ($1,871).
It is also higher than in New Jersey ($1,720).
It is higher than the national figure ($1,413).
In Middlesex County, Monmouth Junction ranks 11 of 26 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 81 of 201.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Monmouth Junction has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $2,356 (±$270) | $1,935 (±$127) | −17.9% | Down after inflation |
| Households that rent | 7.3% (±6.4 points) | 35.9% (±4.6 points) | +28.6 percentage points | Measurable increase |
| Rental vacancy rate | 0.0% (±37.6 points) | 0.0% (±3.5 points) | 0.0 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 Monmouth Junction
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Monmouth Junction | — | $1,935 (±$127) | — |
| Heathcote | 1.5 mi | $1,623 (±$414) | Not measurably different |
| Kendall Park | 2.6 mi | $1,928 (±$597) | Not measurably different |
| Dayton | 2.6 mi | $2,199 (±$118) | Higher |
| Princeton Meadows | 2.8 mi | $2,010 (±$87) | Not measurably different |
| Plainsboro Township | 2.9 mi | $2,037 (±$83) | Not measurably different |
| Kingston | 3.0 mi | $1,765 (±$58) | Lower |
| Plainsboro Center | 3.6 mi | $2,099 (±$154) | Not measurably different |
| Rocky Hill Borough | 4.6 mi | $1,799 (±$93) | Not measurably different |
Nearby places with a measurably lower figure: Kingston, NJ ($1,765).
Nearby places with a measurably higher figure: Dayton, NJ ($2,199).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Middlesex County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 5 | Iselin | $2,113 (±$106) |
| 6 | Plainsboro Center | $2,099 (±$154) |
| 7 | Woodbridge | $2,091 (±$114) |
| 8 | Colonia | $2,047 (±$283) |
| 9 | Princeton Meadows | $2,010 (±$87) |
| 10 | Menlo Park Terrace | $1,971 (±$235) |
| 11 | Monmouth Junction | $1,935 (±$127) |
| 12 | Kendall Park | $1,928 (±$597) |
| 13 | Fords | $1,913 (±$134) |
| 14 | Avenel | $1,906 (±$151) |
| 15 | Laurence Harbor | $1,903 (±$353) |
| 16 | Monroe Manor | $1,882 (±$613) |
| 17 | The Ponds | $1,791 (±$126) |
Showing 13 of 26 places in Middlesex County, ranked from highest to lowest.
Monmouth Junction is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside South Brunswick Township, whose figures include it.
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 Monmouth Junction
What is the average rent in Monmouth Junction, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Monmouth Junction is $1,935 (±$127) 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 Monmouth Junction?
In Monmouth Junction, the median gross rent went from $2,356 in 2015–2019 to $1,935 in 2020–2024 (−17.9%).
Prices (CPI-U) rose 22.7% over the same years, so it fell after inflation as well.
How many rentals in Monmouth Junction cost more than $2,000 a month?
44.2% of rented homes in Monmouth Junction have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Monmouth Junction higher than in Middlesex County?
In Monmouth Junction, median gross rent is not measurably different from Middlesex County ($1,871).
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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Monmouth Junction CDP, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Monmouth Junction CDP, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Monmouth Junction CDP, 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 Monmouth Junction CDP, New Jersey (place:47190, in state:34).
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 .
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