RentData

Average Rent in Middlesex, NJ Rents falling 4.4% YoY🔺 2nd priciest in NJ

HUD FY2025 · Official government data · Updated annually · Metro pop. 19,756,722

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Middlesex, NJ has rental prices ranging from $1,540/month to $2,885/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,731/month — 24% above the national average of $1,400/month. With a median household income of $97,334/year, spending $1,731/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Middlesex Compares

With an average 2-bedroom rent of $2,176/month, Middlesex ranks #2 most expensive of the 10 cities tracked in New Jersey — pricier than 98% of all US cities in our data.

The Middlesex Rental Market

The Middlesex, NJ area has a population of about 19,756,722 and 49% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Middlesex, NJ have fallen by $100/month (4.4%) over the past year, from $2,276 to $2,176. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Middlesex, NJ without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $69,240. The local median household income of $97,334 exceeds that threshold by $28,094, making Middlesex relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Middlesex, NJ is $551,963, giving a price-to-rent ratio of 21.1. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$1,540
Affordable
1 Bedroom
$1,731
Affordable
2 Bedrooms
$2,176
4.4% YoY
Affordable
3 Bedrooms
$2,622
Average
4 Bedrooms
$2,885
Average
🔔
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Median Home Value
$551,963
Source: Zillow ZHVI
Est. monthly payment
$2,938/mo
20% down · 30yr · 7%

Is Middlesex, NJ Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$87,040/year
Local median income: $97,334
To buy a median home
$117,511/year
US national median: $75,000
💡 Based on a 2BR rent of $2,176/month and 20% down on a $551,963 home at 7% rate.

Nearby Cities in NJlargest metros in the state

CityStudio1BR2BR3BRHome Value
Monmouth$1,474$1,654$2,040$2,717
Bergen$1,556$1,807$2,072$2,550
Newark$1,551$1,768$2,140$2,695
Jersey City$1,999$2,029$2,299$2,822
Warren County$1,385$1,392$1,686$2,159
Trenton$1,391$1,605$2,028$2,443

Rent or Buy in Middlesex?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Middlesex data

$
Home Value
$551,963
2BR Rent
$2,176/mo
Mortgage Rate
7%
Monthly P&I
$2,938/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $4,065/movs rent: $2,176/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $551,963 home at 7% rate

20% — $110,393
3%50%
Estimated Monthly Payment
$2,938
per month · 30 years · 7% APR
Loan Amount
$441,570
Total Paid
$1,057,600
Total Interest
$616,030
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Middlesex

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Middlesex

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⚖️Rent vs Buy in Middlesex

Is it cheaper to rent or buy here?

💵Rent Affordability in Middlesex

Salary needed to afford rent here

🗺️All Cities in NJ

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⚖️Compare Middlesex

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📋NJ Tenant Rights

Deposit limits, eviction laws & renters protections