What is the median rent in Ocean Township (Monmouth County), NJ?
The median gross rent in Ocean Township (Monmouth County), NJ is $1,530 (±$96) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 4,025 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Ocean Township (Monmouth County), the median gross rent went from $1,190 in 2015–2019 to $1,530 in 2020–2024 (+28.6%).
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
- $1,530 (±$96)
- Rented homes
- 4,025 (±337)
- $2,000 or more
- 25.5%
- Since 2015–2019
- +28.6%
How much rent costs in Ocean Township (Monmouth County)
| Monthly gross rent | Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States |
|---|---|---|---|---|
| Less than $500 | 1.6% (±1.1 points) | 6.9% | 6.1% | 6.3% |
| $500 to $999 | 1.7% (±2.1 points) | 6.0% | 7.9% | 20.2% |
| $1,000 to $1,499 | 45.1% (±6.3 points) | 19.5% | 23.5% | 28.1% |
| $1,500 to $1,999 | 26.0% (±6.2 points) | 26.9% | 28.5% | 21.1% |
| $2,000 to $2,499 | 10.4% (±4.7 points) | 18.8% | 17.2% | 12.0% |
| $2,500 to $2,999 | 6.9% (±3.2 points) | 11.4% | 7.9% | 5.5% |
| $3,000 or more | 8.2% (±3.8 points) | 10.5% | 8.9% | 6.8% |
The most common range is $1,000 to $1,499, paid by 45.1% of renting households.
25.5% of rented homes in Ocean Township (Monmouth County) cost $2,000 or more a month.
Ocean Township (Monmouth County) against Monmouth County, its state and the nation
| Ocean Township (Monmouth County) | Monmouth County | New Jersey | United States | |
|---|---|---|---|---|
| Median gross rent | $1,530 (±$96) | $1,827 (±$30) | $1,720 (±$7) | $1,413 |
| Rented homes paying rent | 4,025 (±337) | 59,518 (±1,715) | 1,230,839 (±7,912) | 42,849,984 |
In Ocean Township (Monmouth County), median gross rent is lower than in Monmouth County ($1,827).
It is also lower than in New Jersey ($1,720).
It is higher than the national figure ($1,413).
In Monmouth County, Ocean Township (Monmouth County) ranks 48 of 52 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 400 of 548.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Ocean Township (Monmouth County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $1,190 (±$23) | $1,530 (±$96) | +28.6% | No measurable change after inflation |
| Households that rent | 32.3% (±1.9 points) | 37.3% (±2.7 points) | +5.0 percentage points | Measurable increase |
| Rental vacancy rate | 1.9% (±1.7 points) | 1.2% (±1.4 points) | −0.7 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 Ocean Township (Monmouth County)
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Ocean Township (Monmouth County) | — | $1,530 (±$96) | — |
| Interlaken Borough | 1.6 mi | $2,750 (±$1,033) | Higher |
| Deal Borough | 1.8 mi | $1,981 (±$388) | Higher |
| Allenhurst Borough | 2.0 mi | $1,602 (±$205) | Not measurably different |
| West Long Branch Borough | 2.4 mi | $1,970 (±$513) | Not measurably different |
| Asbury Park | 2.5 mi | $1,722 (±$102) | Higher |
| Eatontown Borough | 2.8 mi | $1,601 (±$113) | Not measurably different |
| Neptune Township | 3.0 mi | $1,876 (±$217) | Higher |
| Ocean Grove | 3.2 mi | $1,488 (±$350) | Not measurably different |
Nearby places with a measurably higher figure: Interlaken Borough, NJ ($2,750), Deal Borough, NJ ($1,981), Asbury Park, NJ ($1,722).
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 |
|---|---|---|
| 42 | Highlands Borough | $1,658 (±$216) |
| 43 | Farmingdale Borough | $1,648 (±$139) |
| 44 | Oceanport Borough | $1,608 (±$274) |
| 45 | Allenhurst Borough | $1,602 (±$205) |
| 46 | Eatontown Borough | $1,601 (±$113) |
| 47 | Middletown Township | $1,532 (±$161) |
| 48 | Ocean Township (Monmouth County) | $1,530 (±$96) |
| 49 | Neptune City Borough | $1,526 (±$691) |
| 50 | Keyport Borough | $1,458 (±$158) |
| 51 | Hazlet Township | $1,400 (±$723) |
| 52 | Upper Freehold Township | $1,314 (±$157) |
Showing 11 of 52 places in Monmouth County, ranked from highest to lowest.
The figures for Ocean Township (Monmouth County) include the places inside it that have pages of their own: Oakhurst, Wanamassa.
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 Ocean Township (Monmouth County)
What is the average rent in Ocean Township (Monmouth County), NJ?
The Census Bureau publishes the median rather than the average: the median gross rent in Ocean Township (Monmouth County) is $1,530 (±$96) 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 Ocean Township (Monmouth County)?
In Ocean Township (Monmouth County), the median gross rent went from $1,190 in 2015–2019 to $1,530 in 2020–2024 (+28.6%).
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 Ocean Township (Monmouth County) cost more than $2,000 a month?
25.5% of rented homes in Ocean Township (Monmouth County) have a gross rent of $2,000 or more a month, and 1.6% cost less than $500.
Is rent in Ocean Township (Monmouth County) higher than in Monmouth County?
In Ocean Township (Monmouth County), median gross rent is lower than in Monmouth County ($1,827).
It is also lower 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 — Ocean township, Monmouth County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ocean township, Monmouth County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Ocean 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 Ocean township, Monmouth County, New Jersey (county subdivision:54270, 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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- Home values in Ocean Township (Monmouth County)
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- Property taxes in Ocean Township (Monmouth County)
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- Vacancy rate in Ocean Township (Monmouth County)
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- Population growth in Ocean Township (Monmouth County)
- How long people stay in Ocean Township (Monmouth County)
- Crowding and facilities in Ocean Township (Monmouth County)
- Fair Market Rent in Ocean Township (Monmouth County)
- New Jersey landlord and tenant rules
- Housing across Monmouth County
- New Jersey places ranked by median rent
- Housing data for every place in New Jersey