What is the median rent in Rainbow Lakes, NJ?

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

The median gross rent in Rainbow Lakes, NJ is $2,022 (±$225) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 176 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

Figures last updated on November 12, 2026.

Median gross rent: $2,022 (±$225)
Rented homes: 176 (±75)
$2,000 or more: 52.3%

How much rent costs in Rainbow Lakes

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Rainbow Lakes	Morris County	New Jersey	United States
Less than $500	0.0% (±22.3 points)	4.1%	6.1%	6.3%
$500 to $999	0.0% (±22.3 points)	3.9%	7.9%	20.2%
$1,000 to $1,499	0.0% (±22.3 points)	17.5%	23.5%	28.1%
$1,500 to $1,999	47.7% (±28.1 points)	30.3%	28.5%	21.1%
$2,000 to $2,499	52.3% (±28.1 points)	17.6%	17.2%	12.0%
$2,500 to $2,999	0.0% (±22.3 points)	13.0%	7.9%	5.5%
$3,000 or more	0.0% (±22.3 points)	13.6%	8.9%	6.8%

The most common range is $2,000 to $2,499, paid by 52.3% of renting households.

52.3% of rented homes in Rainbow Lakes cost $2,000 or more a month.

Rainbow Lakes against Morris County, its state and the nation

Estimate (90% margin of error)
	Rainbow Lakes	Morris County	New Jersey	United States
Median gross rent	$2,022 (±$225)	$1,904 (±$30)	$1,720 (±$7)	$1,413
Rented homes paying rent	176 (±75)	48,017 (±1,617)	1,230,839 (±7,912)	42,849,984

In Rainbow Lakes, median gross rent is not measurably different from 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, Rainbow Lakes ranks 13 of 24 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 73 of 201.

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

Median gross rent in places near Rainbow Lakes

Nearest places with a published estimate, compared with Rainbow Lakes
Place	Distance	Median gross rent	Compared with this place
Rainbow Lakes	—	$2,022 (±$225)	—
Mountain Lakes Borough	1.3 mi	$3,500 or more	—
Denville Township	2.0 mi	$1,817 (±$577)	Not measurably different
Parsippany	2.3 mi	$1,742 (±$41)	Lower
Morris Plains Borough	2.6 mi	$2,835 (±$203)	Higher
Boonton Town	3.3 mi	$1,849 (±$115)	Not measurably different
Troy Hills	3.5 mi	$3,108 (±$944)	Higher
Rockaway Borough	3.6 mi	$1,587 (±$335)	Lower
Cedar Knolls	3.8 mi	$2,849 (±$269)	Higher

Nearby places with a measurably lower figure: Parsippany, NJ ($1,742), Rockaway Borough, NJ ($1,587).

Nearby places with a measurably higher figure: Morris Plains Borough, NJ ($2,835), Troy Hills, NJ ($3,108), Cedar Knolls, NJ ($2,849).

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
7	Whippany	$2,556 (±$1,057)
8	Succasunna	$2,516 (±$380)
9	Pine Brook	$2,366 (±$183)
10	Millington	$2,286 (±$2,124)
11	Kenvil	$2,220 (±$82)
12	Ledgewood	$2,186 (±$1,001)
13	Rainbow Lakes	$2,022 (±$225)
14	Towaco	$1,950 (±$1,929)
15	Flanders	$1,862 (±$119)
16	Landing	$1,799 (±$123)
17	Parsippany	$1,742 (±$41)
18	Lake Hopatcong	$1,686 (±$231)
19	Long Valley	$1,655 (±$450)

Showing 13 of 24 places in Morris County, ranked from highest to lowest.

Rainbow Lakes is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

It lies inside Parsippany-Troy Hills Township, whose figures include it.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Rainbow Lakes

One account for renting, owning, managing and fixing homes, with these figures beside you.

Looking for a place to rent?

Browse homes for rent near Rainbow Lakes, save the ones you like and apply online.

Browse rentals · Create a renter account

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Rainbow Lakes beside you.

Create a landlord account · See what landlords get

Do repairs, renovations or maintenance?

Get found by owners and renters near Rainbow Lakes, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Rainbow Lakes

What is the average rent in Rainbow Lakes, NJ?

The Census Bureau publishes the median rather than the average: the median gross rent in Rainbow Lakes is $2,022 (±$225) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How many rentals in Rainbow Lakes cost more than $2,000 a month?

52.3% of rented homes in Rainbow Lakes have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Rainbow Lakes higher than in Morris County?

In Rainbow Lakes, median gross rent is not measurably different from 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

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 Rainbow Lakes CDP, New Jersey (place:61560, in state:34).

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.