Homes for Rent in Franklin Park, NJ

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What to Know About

Life in Franklin Park & Beyond

Franklin Park 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

Somerset County, NJ

As of May 2025, Somerset County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Somerset County's average rent is 4.9% ($119) higher than the New Jersey average of $2,419 and 41.6% ($745) higher than the U.S. average of $1,793.

Average Rent
$2,538
Monthly ChangeMonth Over Month Change
Increased0.4% ($10)
Yearly ChangeYear Over Year Change
Increased9.3% ($215)
Avg. Days on MarketAverage Days on Market
38
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,327 Increased0.9% ($20) Increased10.8% ($226)
2 Beds $2,865 Increased0.5% ($14) Increased6.9% ($184)
3 Beds $3,481 Increased0.3% ($11) Decreased12.2% ($485)
Cities within Somerset County Average Rent Avg. Rent vs. SomersetAverage Rent vs. Somerset County Avg. Days on MarketAverage Days on Market
Somerville $2,934 Increased15.6% ($396) 37 days
Somerset $2,434 Decreased4.1% ($104) 38 days
Bound Brook $2,218 Decreased12.6% ($320) 38 days
Hillsborough $1,848 Decreased27.2% ($690) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Somerset County Rental Market FAQs

Explore rental prices, market trends, and availability in Somerset County, NJ.

The average rent in Somerset County, NJ is $2,538 per month.
Homes in Somerset County typically rent for between $1,629 and $4,525 per month, with an average of $2,538 per month.
In Somerset County, the average rent for a 1-bedroom home is $2,327 per month, for a 2-bedroom home, $2,865 per month, and a 3-bedroom home is $3,481 per month.
The average rent in Somerset County is 41.6% ($745) higher than the national average of $1,793 per month.
The average rent in Somerset County has increased by 0.4% ($10) in the last month and increased by 9.3% ($215) over the past year.
The rental market in Somerset County, NJ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Somerset County, NJ, the average rental stays on the market for approximately 38 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 55 rental properties available in Somerset County, NJ.
Based on the current averages, a household would need an annual income of $114,600 to comfortably afford a 2-bedroom home in Somerset County.
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