What is the median rent in Montville Township, NJ?
The median gross rent in Montville Township, NJ is $2,372 (±$202) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 943 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Montville Township, the median gross rent went from $1,907 in 2015–2019 to $2,372 in 2020–2024 (+24.4%).
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 .
- Median gross rent
- $2,372 (±$202)
- Rented homes
- 943 (±248)
- $2,000 or more
- 78.5%
- Since 2015–2019
- +24.4%
How much rent costs in Montville Township
| Monthly gross rent | Montville Township | Morris County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±4.7 points) | 4.1% | 6.1% | 6.3% |
| $500 to $999 | 2.9% (±3.4 points) | 3.9% | 7.9% | 20.2% |
| $1,000 to $1,499 | 10.7% (±6.9 points) | 17.5% | 23.5% | 28.1% |
| $1,500 to $1,999 | 8.0% (±6.0 points) | 30.3% | 28.5% | 21.1% |
| $2,000 to $2,499 | 38.3% (±19.9 points) | 17.6% | 17.2% | 12.0% |
| $2,500 to $2,999 | 32.2% (±16.9 points) | 13.0% | 7.9% | 5.5% |
| $3,000 or more | 8.0% (±6.1 points) | 13.6% | 8.9% | 6.8% |
The most common range is $2,000 to $2,499, paid by 38.3% of renting households.
78.5% of rented homes in Montville Township cost $2,000 or more a month.
Montville Township against Morris County, its state and the nation
| Montville Township | Morris County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $2,372 (±$202) | $1,904 (±$30) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 943 (±248) | 48,017 (±1,617) | 1,230,839 (±7,912) | 42,849,984 |
In Montville Township, 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, Montville Township ranks 15 of 39 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 72 of 548.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Montville Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,907 (±$150) | $2,372 (±$202) | +24.4% | No measurable change after inflation |
| Households that rent | 14.1% (±2.5 points) | 12.3% (±3.2 points) | −1.8 percentage points | Not a measurable change |
| Rental vacancy rate | 1.6% (±2.7 points) | 2.8% (±4.3 points) | +1.2 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 Montville Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Montville Township | — | $2,372 (±$202) | — |
| Lake Hiawatha | 2.5 mi | $1,550 (±$143) | Lower |
| Boonton Town | 2.6 mi | $1,849 (±$115) | Lower |
| Lincoln Park Borough | 3.0 mi | $1,857 (±$107) | Lower |
| Fairfield Township (Essex County) | 3.5 mi | $2,656 (±$563) | Not measurably different |
| Boonton Township | 3.7 mi | $1,870 (±$547) | Not measurably different |
| Parsippany | 4.4 mi | $1,742 (±$41) | Lower |
| Pequannock Township | 4.4 mi | $2,753 (±$829) | Not measurably different |
| Mountain Lakes Borough | 4.6 mi | $3,500 or more | — |
Nearby places with a measurably lower figure: Lake Hiawatha, NJ ($1,550), Boonton Town, NJ ($1,849), Lincoln Park Borough, NJ ($1,857).
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 |
|---|---|---|
| 9 | Chatham Township | $2,769 (±$144) |
| 10 | Pequannock Township | $2,753 (±$829) |
| 11 | East Hanover Township | $2,711 (±$392) |
| 12 | Morris Township | $2,437 (±$210) |
| 13 | Riverdale Borough | $2,424 (±$329) |
| 14 | Mount Arlington Borough | $2,392 (±$197) |
| 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) |
Showing 13 of 39 places in Morris County, ranked from highest to lowest.
The figures for Montville Township include the places inside it that have pages of their own: Pine Brook, Towaco.
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 Montville Township
What is the average rent in Montville Township, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Montville Township is $2,372 (±$202) 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 Montville Township?
In Montville Township, the median gross rent went from $1,907 in 2015–2019 to $2,372 in 2020–2024 (+24.4%).
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 Montville Township cost more than $2,000 a month?
78.5% of rented homes in Montville Township have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Montville Township higher than in Morris County?
In Montville Township, 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Montville township, Morris County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Montville township, Morris County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Montville township, 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 Montville township, Morris County, New Jersey (county subdivision:47670, 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 .
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- Population growth in Montville Township
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- New Jersey landlord and tenant rules
- Housing across Morris County
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- Housing data for every place in New Jersey