What is the median rent in Peapack and Gladstone Borough, NJ?

Name: Median rent in Peapack and Gladstone 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 Peapack and Gladstone Borough, NJ is $1,820 (±$157) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 105 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Peapack and Gladstone Borough, the median gross rent went from $1,526 in 2015–2019 to $1,820 in 2020–2024 (+19.3%).

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: $1,820 (±$157)
Rented homes: 105 (±90)
$2,000 or more: 21.9%
Since 2015–2019: +19.3%

How much rent costs in Peapack and Gladstone Borough

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Peapack and Gladstone Borough	Somerset County	New Jersey	United States
Less than $500	0.0% (±33.3 points)	1.9%	6.1%	6.3%
$500 to $999	0.0% (±33.3 points)	4.0%	7.9%	20.2%
$1,000 to $1,499	0.0% (±33.3 points)	11.4%	23.5%	28.1%
$1,500 to $1,999	78.1% (±32.0 points)	31.0%	28.5%	21.1%
$2,000 to $2,499	14.3% (±24.4 points)	25.3%	17.2%	12.0%
$2,500 to $2,999	0.0% (±33.3 points)	14.9%	7.9%	5.5%
$3,000 or more	7.6% (±17.1 points)	11.5%	8.9%	6.8%

The most common range is $1,500 to $1,999, paid by 78.1% of renting households.

21.9% of rented homes in Peapack and Gladstone Borough cost $2,000 or more a month.

Peapack and Gladstone Borough against Somerset County, its state and the nation

Estimate (90% margin of error)
	Peapack and Gladstone Borough	Somerset County	New Jersey	United States
Median gross rent	$1,820 (±$157)	$2,033 (±$52)	$1,720 (±$7)	$1,413
Rented homes paying rent	105 (±90)	32,528 (±1,212)	1,230,839 (±7,912)	42,849,984

In Peapack and Gladstone Borough, median gross rent is lower than in Somerset County ($2,033).

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

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

In Somerset County, Peapack and Gladstone Borough ranks 15 of 21 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 241 of 548.

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

How rent in Peapack and Gladstone 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	$1,526 (±$314)	$1,820 (±$157)	+19.3%	No measurable change after inflation
Households that rent	20.1% (±9.9 points)	20.4% (±11.9 points)	+0.3 percentage points	Not a measurable change
Rental vacancy rate	11.0% (±18.1 points)	0.0% (±20.5 points)	−11.0 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 Peapack and Gladstone Borough

Nearest places with a published estimate, compared with Peapack and Gladstone Borough
Place	Distance	Median gross rent	Compared with this place
Peapack and Gladstone Borough	—	$1,820 (±$157)	—
Far Hills Borough	2.4 mi	$1,554 (±$298)	Not measurably different
Bedminster	2.9 mi	$2,795 (±$1,344)	Not measurably different
Bernardsville Borough	3.4 mi	$2,297 (±$315)	Higher
Bedminster Township	3.4 mi	$2,294 (±$229)	Higher
Chester Township	4.5 mi	$2,787 (±$892)	Higher
Mendham Borough	4.6 mi	$3,500 or more	—
The Hills	4.6 mi	$2,376 (±$207)	Higher
Basking Ridge	5.1 mi	$546 (±$205)	Lower

Nearby places with a measurably lower figure: Basking Ridge, NJ ($546).

Nearby places with a measurably higher figure: Bernardsville Borough, NJ ($2,297), Bedminster Township, NJ ($2,294), Chester Township, NJ ($2,787).

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

Median gross rent across Somerset County, place by place

Rank	Place	Median gross rent
9	Warren Township	$2,170 (±$252)
10 (tie)	Franklin Township (Somerset County)	$2,115 (±$94)
10 (tie)	Green Brook Township	$2,115 (±$336)
12	Raritan Borough	$2,112 (±$197)
13	Bound Brook Borough	$1,973 (±$112)
14	Manville Borough	$1,844 (±$173)
15	Peapack and Gladstone Borough	$1,820 (±$157)
16	Somerville Borough	$1,802 (±$49)
17	Rocky Hill Borough	$1,799 (±$93)
18	South Bound Brook Borough	$1,778 (±$179)
19	North Plainfield Borough	$1,752 (±$75)
20	Far Hills Borough	$1,554 (±$298)
21	Millstone Borough	$1,375 (±$856)

Showing 13 of 21 places in Somerset 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 Peapack and Gladstone Borough

What is the average rent in Peapack and Gladstone Borough, NJ?

The Census Bureau publishes the median rather than the average: the median gross rent in Peapack and Gladstone Borough is $1,820 (±$157) 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 Peapack and Gladstone Borough?

In Peapack and Gladstone Borough, the median gross rent went from $1,526 in 2015–2019 to $1,820 in 2020–2024 (+19.3%).

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 Peapack and Gladstone Borough cost more than $2,000 a month?

21.9% of rented homes in Peapack and Gladstone Borough have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Peapack and Gladstone Borough higher than in Somerset County?

In Peapack and Gladstone Borough, median gross rent is lower than in Somerset County ($2,033).

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 Peapack and Gladstone borough, Somerset County, New Jersey (county subdivision:57300, in state:34 county:035).

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.