Average Rent in Ocean City, NJ↑ Rents rising 1.4% YoY🔻 Cheapest in NJ
HUD FY2025 · Official government data · Updated annually
Market Overview
Ocean City, NJ has rental prices ranging from $1,192/month to $2,135/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,213/month — 13% below the national average of $1,400/month.
How Ocean City Compares
With an average 2-bedroom rent of $1,591/month, Ocean City ranks #10 most expensive of the 10 cities tracked in New Jersey — pricier than 94% of all US cities in our data.
Rent Trends
2-bedroom rents in Ocean City, NJ have risen by $22/month (1.4%) over the past year, from $1,569 to $1,591. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.
Rent vs. Buy
The median home value in Ocean City, NJ is $1,118,878, giving a price-to-rent ratio of 58.6. With a break-even horizon of approximately 59 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.
Fair Market Rents
HUD FY2025Is Ocean City, NJ Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in NJlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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 | — |
| Middlesex | $1,540 | $1,731 | $2,176 | $2,622 | — |
| Jersey City | $1,999 | $2,029 | $2,299 | $2,822 | — |
| Warren County | $1,385 | $1,392 | $1,686 | $2,159 | — |
Rent or Buy in Ocean City?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Ocean City data
Renting appears to be the better financial choice for this scenario.
Mortgage Calculator
Estimate monthly payment for $1,118,878 home at 7% rate
Living in Ocean City
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
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Frequently Asked Questions
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⚖️Rent vs Buy in Ocean CityIs it cheaper to rent or buy here?
🗺️All Cities in NJSee how Ocean City ranks statewide
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