What is the median rent in Palmyra Borough, NJ?

Name: Median rent in Palmyra Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Palmyra Borough, NJ is $1,696 (±$98) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 899 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Palmyra Borough, the median gross rent went from $1,356 in 2015–2019 to $1,696 in 2020–2024 (+25.1%).

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 November 12, 2026.

Median gross rent: $1,696 (±$98)
Rented homes: 899 (±166)
$2,000 or more: 22.8%
Since 2015–2019: +25.1%

How much rent costs in Palmyra Borough

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Palmyra Borough	Burlington County	New Jersey	United States
Less than $500	2.2% (±2.6 points)	3.1%	6.1%	6.3%
$500 to $999	4.8% (±4.1 points)	7.7%	7.9%	20.2%
$1,000 to $1,499	25.5% (±11.0 points)	25.5%	23.5%	28.1%
$1,500 to $1,999	44.7% (±13.2 points)	28.1%	28.5%	21.1%
$2,000 to $2,499	19.2% (±7.5 points)	21.0%	17.2%	12.0%
$2,500 to $2,999	3.6% (±4.6 points)	9.4%	7.9%	5.5%
$3,000 or more	0.0% (±4.9 points)	5.3%	8.9%	6.8%

The most common range is $1,500 to $1,999, paid by 44.7% of renting households.

22.8% of rented homes in Palmyra Borough cost $2,000 or more a month.

Palmyra Borough against Burlington County, its state and the nation

Estimate (90% margin of error)
	Palmyra Borough	Burlington County	New Jersey	United States
Median gross rent	$1,696 (±$98)	$1,745 (±$30)	$1,720 (±$7)	$1,413
Rented homes paying rent	899 (±166)	40,875 (±1,411)	1,230,839 (±7,912)	42,849,984

In Palmyra Borough, median gross rent is not measurably different from Burlington County ($1,745).

It is not measurably different from New Jersey ($1,720).

It is higher than the national figure ($1,413).

In Burlington County, Palmyra Borough ranks 20 of 40 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 320 of 548.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Palmyra Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,356 (±$76)	$1,696 (±$98)	+25.1%	No measurable change after inflation
Households that rent	30.5% (±4.4 points)	28.6% (±4.8 points)	−1.9 percentage points	Not a measurable change
Rental vacancy rate	3.1% (±4.9 points)	0.0% (±4.5 points)	−3.1 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 Palmyra Borough

Nearest places with a published estimate, compared with Palmyra Borough
Place	Distance	Median gross rent	Compared with this place
Palmyra Borough	—	$1,696 (±$98)	—
Riverton Borough	1.3 mi	$1,431 (±$116)	Lower
Cinnaminson Township	2.4 mi	$2,063 (±$171)	Higher
Pennsauken Township	2.7 mi	$1,209 (±$76)	Lower
Merchantville Borough	3.7 mi	$1,212 (±$140)	Lower
Maple Shade Township	4.1 mi	$1,638 (±$48)	Not measurably different
Cherry Hill Mall	4.7 mi	$2,132 (±$130)	Higher
Moorestown-Lenola	4.7 mi	$1,648 (±$277)	Not measurably different
Delran Township	4.7 mi	$1,458 (±$74)	Lower

Nearby places with a measurably lower figure: Riverton Borough, NJ ($1,431), Pennsauken Township, NJ ($1,209), Merchantville Borough, NJ ($1,212).

Nearby places with a measurably higher figure: Cinnaminson Township, NJ ($2,063), Cherry Hill Mall, NJ ($2,132).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Burlington County, place by place

Rank	Place	Median gross rent
14	Hainesport Township	$2,002 (±$1,111)
15	Bass River Township	$1,821 (±$385)
16	Washington Township (Burlington County)	$1,800 (±$598)
17	Southampton Township	$1,755 (±$256)
18	Bordentown Township	$1,730 (±$176)
19	Moorestown Township	$1,718 (±$353)
20	Palmyra Borough	$1,696 (±$98)
21	Lumberton Township	$1,664 (±$95)
22	Springfield Township (Burlington County)	$1,646 (±$878)
23	Maple Shade Township	$1,638 (±$48)
24	Burlington	$1,631 (±$108)
25	Woodland Township	$1,607 (±$518)
26	Mount Holly Township	$1,605 (±$144)

Showing 13 of 40 places in Burlington 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 Palmyra Borough

What is the average rent in Palmyra Borough, NJ?

The Census Bureau publishes the median rather than the average: the median gross rent in Palmyra Borough is $1,696 (±$98) 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 Palmyra Borough?

In Palmyra Borough, the median gross rent went from $1,356 in 2015–2019 to $1,696 in 2020–2024 (+25.1%).

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 Palmyra Borough cost more than $2,000 a month?

22.8% of rented homes in Palmyra Borough have a gross rent of $2,000 or more a month, and 2.2% cost less than $500.

Is rent in Palmyra Borough higher than in Burlington County?

In Palmyra Borough, median gross rent is not measurably different from Burlington County ($1,745).

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

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 Palmyra borough, Burlington County, New Jersey (county subdivision:55800, in state:34 county:005).

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.

Request a Census API 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.