What is the median rent in Shrewsbury Borough, NJ?

Name: Median rent in Shrewsbury 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 Shrewsbury Borough, NJ is $3,472 (±$1,644) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 191 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Shrewsbury Borough, the median gross rent went from $2,735 in 2015–2019 to $3,472 in 2020–2024 (+26.9%).

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: $3,472 (±$1,644)
Rented homes: 191 (±68)
$2,000 or more: 85.4%
Since 2015–2019: +26.9%

How much rent costs in Shrewsbury Borough

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Shrewsbury Borough	Monmouth County	New Jersey	United States
Less than $500	0.0% (±20.8 points)	6.9%	6.1%	6.3%
$500 to $999	0.0% (±20.8 points)	6.0%	7.9%	20.2%
$1,000 to $1,499	14.7% (±15.8 points)	19.5%	23.5%	28.1%
$1,500 to $1,999	0.0% (±20.8 points)	26.9%	28.5%	21.1%
$2,000 to $2,499	25.1% (±19.6 points)	18.8%	17.2%	12.0%
$2,500 to $2,999	5.8% (±8.9 points)	11.4%	7.9%	5.5%
$3,000 or more	54.5% (±28.2 points)	10.5%	8.9%	6.8%

The most common range is $3,000 or more, paid by 54.5% of renting households.

85.4% of rented homes in Shrewsbury Borough cost $2,000 or more a month.

Shrewsbury Borough against Monmouth County, its state and the nation

Estimate (90% margin of error)
	Shrewsbury Borough	Monmouth County	New Jersey	United States
Median gross rent	$3,472 (±$1,644)	$1,827 (±$30)	$1,720 (±$7)	$1,413
Rented homes paying rent	191 (±68)	59,518 (±1,715)	1,230,839 (±7,912)	42,849,984

In Shrewsbury Borough, median gross rent is higher than in Monmouth County ($1,827).

It is also higher than in New Jersey ($1,720).

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

In Monmouth County, Shrewsbury Borough ranks 5 of 52 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 19 of 548.

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

How rent in Shrewsbury 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	$2,735 (±$142)	$3,472 (±$1,644)	+26.9%	No measurable change after inflation
Households that rent	9.4% (±4.8 points)	14.2% (±4.8 points)	+4.8 percentage points	Not a measurable change
Rental vacancy rate	0.0% (±22.6 points)	0.0% (±18.8 points)	0.0 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 Shrewsbury Borough

Nearest places with a published estimate, compared with Shrewsbury Borough
Place	Distance	Median gross rent	Compared with this place
Shrewsbury Borough	—	$3,472 (±$1,644)	—
Shrewsbury Township	1.2 mi	$1,856 (±$201)	Not measurably different
Little Silver Borough	1.4 mi	$3,500 or more	—
Red Bank Borough	1.6 mi	$2,026 (±$212)	Not measurably different
Oceanport Borough	2.1 mi	$1,608 (±$274)	Lower
Eatontown Borough	2.4 mi	$1,601 (±$113)	Lower
Fair Haven Borough	2.6 mi	$3,492 (±$612)	Not measurably different
Fairview	3.0 mi	$3,250 (±$135)	Not measurably different
West Long Branch Borough	3.3 mi	$1,970 (±$513)	Not measurably different

Nearby places with a measurably lower figure: Oceanport Borough, NJ ($1,608), Eatontown Borough, NJ ($1,601).

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
1 (tie)	Little Silver Borough	$3,500 or more
1 (tie)	Millstone Township	$3,500 or more
1 (tie)	Rumson Borough	$3,500 or more
4	Fair Haven Borough	$3,492 (±$612)
5	Shrewsbury Borough	$3,472 (±$1,644)
6	Sea Girt Borough	$3,455 (±$453)
7	Holmdel Township	$2,891 (±$2,100)
8	Colts Neck Township	$2,777 (±$456)
9	Interlaken Borough	$2,750 (±$1,033)
10	Brielle Borough	$2,726 (±$77)
11	Marlboro Township	$2,699 (±$225)

Showing 11 of 52 places in Monmouth 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 Shrewsbury Borough

What is the average rent in Shrewsbury Borough, NJ?

The Census Bureau publishes the median rather than the average: the median gross rent in Shrewsbury Borough is $3,472 (±$1,644) 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 Shrewsbury Borough?

In Shrewsbury Borough, the median gross rent went from $2,735 in 2015–2019 to $3,472 in 2020–2024 (+26.9%).

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

85.4% of rented homes in Shrewsbury Borough have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.

Is rent in Shrewsbury Borough higher than in Monmouth County?

In Shrewsbury Borough, median gross rent is higher than in Monmouth County ($1,827).

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 Shrewsbury borough, Monmouth County, New Jersey (county subdivision:67350, 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.

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.