What is the median rent in Neptune Township, NJ?
The median gross rent in Neptune Township, NJ is $1,876 (±$217) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 3,328 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Neptune Township, the median gross rent went from $1,363 in 2015–2019 to $1,876 in 2020–2024 (+37.6%).
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
- $1,876 (±$217)
- Rented homes
- 3,328 (±410)
- $2,000 or more
- 46.1%
- Since 2015–2019
- +37.6%
How much rent costs in Neptune Township
| Monthly gross rent | Neptune Township | Monmouth County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 8.7% (±5.1 points) | 6.9% | 6.1% | 6.3% |
| $500 to $999 | 9.1% (±5.8 points) | 6.0% | 7.9% | 20.2% |
| $1,000 to $1,499 | 20.2% (±5.7 points) | 19.5% | 23.5% | 28.1% |
| $1,500 to $1,999 | 15.9% (±5.1 points) | 26.9% | 28.5% | 21.1% |
| $2,000 to $2,499 | 21.3% (±6.2 points) | 18.8% | 17.2% | 12.0% |
| $2,500 to $2,999 | 17.3% (±6.2 points) | 11.4% | 7.9% | 5.5% |
| $3,000 or more | 7.5% (±2.9 points) | 10.5% | 8.9% | 6.8% |
The most common range is $2,000 to $2,499, paid by 21.3% of renting households.
46.1% of rented homes in Neptune Township cost $2,000 or more a month.
Neptune Township against Monmouth County, its state and the nation
| Neptune Township | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $1,876 (±$217) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 3,328 (±410) | 59,518 (±1,715) | 1,230,839 (±7,912) | 42,849,984 |
In Neptune Township, median gross rent is not measurably different from Monmouth County ($1,827).
It is not measurably different from New Jersey ($1,720).
It is higher than the national figure ($1,413).
In Monmouth County, Neptune Township ranks 29 of 52 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 210 of 548.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Neptune Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,363 (±$100) | $1,876 (±$217) | +37.6% | No measurable change after inflation |
| Households that rent | 34.3% (±3.1 points) | 29.8% (±3.2 points) | −4.5 percentage points | Measurable decrease |
| Rental vacancy rate | 4.2% (±2.6 points) | 4.4% (±2.9 points) | +0.2 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 Neptune Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Neptune Township | — | $1,876 (±$217) | — |
| Neptune City Borough | 1.4 mi | $1,526 (±$691) | Not measurably different |
| Wanamassa | 2.1 mi | $2,066 (±$367) | Not measurably different |
| Bradley Beach Borough | 2.4 mi | $1,790 (±$86) | Not measurably different |
| Asbury Park | 2.4 mi | $1,722 (±$102) | Not measurably different |
| Interlaken Borough | 2.4 mi | $2,750 (±$1,033) | Not measurably different |
| Avon-by-the-Sea Borough | 2.6 mi | $2,078 (±$226) | Not measurably different |
| Belmar Borough | 2.8 mi | $1,744 (±$180) | Not measurably different |
| Ocean Township (Monmouth County) | 3.0 mi | $1,530 (±$96) | Lower |
Nearby places with a measurably lower figure: Ocean Township (Monmouth County), NJ ($1,530).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Monmouth County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 23 | Deal Borough | $1,981 (±$388) |
| 24 | Atlantic Highlands Borough | $1,979 (±$365) |
| 25 | West Long Branch Borough | $1,970 (±$513) |
| 26 | Manalapan Township | $1,960 (±$195) |
| 27 | Aberdeen Township | $1,943 (±$107) |
| 28 (tie) | Long Branch | $1,876 (±$94) |
| 28 (tie) | Neptune Township | $1,876 (±$217) |
| 30 | Spring Lake Heights Borough | $1,863 (±$93) |
| 31 | Shrewsbury Township | $1,856 (±$201) |
| 32 | Freehold Borough | $1,832 (±$128) |
| 33 | Matawan Borough | $1,824 (±$176) |
| 34 | Lake Como Borough | $1,810 (±$72) |
| 35 | Bradley Beach Borough | $1,790 (±$86) |
Showing 13 of 52 places in Monmouth County, ranked from highest to lowest.
The figures for Neptune Township include the places inside it that have pages of their own: Ocean Grove, Shark River Hills.
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 Neptune Township
What is the average rent in Neptune Township, NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Neptune Township is $1,876 (±$217) 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 Neptune Township?
In Neptune Township, the median gross rent went from $1,363 in 2015–2019 to $1,876 in 2020–2024 (+37.6%).
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 Neptune Township cost more than $2,000 a month?
46.1% of rented homes in Neptune Township have a gross rent of $2,000 or more a month, and 8.7% cost less than $500.
Is rent in Neptune Township higher than in Monmouth County?
In Neptune Township, median gross rent is not measurably different from Monmouth County ($1,827).
It is not measurably different from 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 — Neptune township, Monmouth County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Neptune township, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Neptune township, Monmouth 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 Neptune township, Monmouth County, New Jersey (county subdivision:49890, in state:34 county:025).
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
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- Fair Market Rent in Neptune Township
- Local landlord and tenant rules in Neptune Township
- New Jersey landlord and tenant rules
- Housing across Monmouth County
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