Apartments & Homes for Rent in 07202

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What to Know About

Life in Elizabeth & Beyond

Elizabeth shares many of the great qualities that make New Jersey a desirable place to live.

New Jersey is known for its beaches along the Jersey Shore to some of the most iconic landmarks in the nation, such as the Liberty Bell, the Statue of Liberty, and Ellis Island. From the bustling streets of Newark to the picturesque shorelines of Cape May, New Jersey is a state unlike any other. Discover its dynamic culture and rich heritage by visiting iconic landmarks like Liberty State Park and the Ellis Island National Museum of Immigration. And for those seeking knowledge, New Jersey is home to renowned universities like Rutgers University and Princeton University.

Whether you're an outdoor enthusiast or a sports fan, New Jersey has plenty to offer, including the New York Giants (NFL), New York Jets (NFL), New Jersey Devils (NHL), and the New Jersey Nets (NBA). Enjoy the beautiful coastline by fishing, surfing, or sailing, and hit the slopes of nearby mountains. Make sure to visit famous attractions like the Atlantic City Boardwalk, the Camden Waterfront, and the historic town of Cape May.

A state that never stops moving, New Jersey is a melting pot of cultures, experiences, and opportunities waiting to be experienced, making it a great place to call home.

Rental Market Trends

Elizabeth, NJ

As of April 2025, Elizabeth's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Elizabeth's average rent is 3.0% ($72) lower than the New Jersey average of $2,434 and 31.3% ($563) higher than the U.S. average of $1,799.

Average Rent
$2,362
Monthly ChangeMonth Over Month Change
Increased6.2% ($138)
Yearly ChangeYear Over Year Change
Increased17.2% ($346)
Avg. Days on MarketAverage Days on Market
47
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,279 Increased5% ($109) Increased32.1% ($554)
2 Beds $2,704 Increased11.1% ($270) Increased22.8% ($502)
3 Beds $4,001 Increased10.9% ($393) Increased22.9% ($745)
Nearby Cities Average Rent Avg. Rent vs. ElizabethAverage Rent vs. Elizabeth Avg. Days on MarketAverage Days on Market
Elizabethport $1,896 Decreased19.7% ($466) 47 days
Hillside $2,271 Decreased3.9% ($91) 47 days
Roselle $1,491 Decreased36.9% ($871) 49 days
Roselle Park $2,380 Increased0.8% ($18) 49 days
Union $2,730 Increased15.6% ($368) 43 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Elizabeth Rental Market FAQs

Explore rental prices, market trends, and availability in Elizabeth, NJ.

The average rent in Elizabeth, NJ is $2,362 per month.
Homes in Elizabeth typically rent for between $1,595 and $5,201 per month, with an average of $2,362 per month.
In Elizabeth, the average rent for a 1-bedroom home is $2,279 per month, for a 2-bedroom home, $2,704 per month, and a 3-bedroom home is $4,001 per month.
The average rent in Elizabeth is 31.3% ($563) higher than the national average of $1,799 per month.
The average rent in Elizabeth has increased by 6.2% ($138) in the last month and increased by 17.2% ($346) over the past year.
The rental market in Elizabeth, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Elizabeth, NJ, the average rental stays on the market for approximately 47 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Elizabeth, NJ.
Based on the current averages, a household would need an annual income of $108,160 to comfortably afford a 2-bedroom home in Elizabeth.
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