Apartments & Homes for Rent in New Providence, NJ

Apartment for rent at 48 Southgate Rd, New Providence, NJ 07974

Discover the perfect blend of modern convenience and classic charm at Murray Hill Gardens, nestled just steps away from the Murray Hill train station. Immerse yourself in the tranquility of our garden-style complex, where lush greenery and serene pathways create an oasis in the heart of the city. With newly renovated units available, experience the epitome of contemporary living amidst a historic backdrop. What sets Murray Hill Gardens apart is it's prime location right next to the train station, providing unparalleled convenience for your daily commute. Enjoy seamless connectivity to nearby cities, making work or leisure travel a breeze.

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What to Know About

Life in New Providence & Beyond

New Providence 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

New Providence, NJ

As of April 2025, New Providence's rental market is stable, offering a predictable rental market where most units lease within a few weeks. New Providence's average rent is 12.9% ($315) lower than the New Jersey average of $2,434 and 17.8% ($320) higher than the U.S. average of $1,799.

Average Rent

$2,119

Monthly ChangeMonth Over Month Change

6.3% ($143)

Yearly ChangeYear Over Year Change

No change

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,928	1.7% ($33)	No change
2 Beds	$2,280	1.9% ($43)	No change
3 Beds	$3,374	2% ($69)	No change

Nearby Cities	Average Rent	Avg. Rent vs. New ProvidenceAverage Rent vs. New Providence	Avg. Days on MarketAverage Days on Market
Chatham	$3,208	51.4% ($1089)	35 days
Berkeley Heights	$2,524	19.1% ($405)	46 days
Summit	$3,934	85.7% ($1815)	48 days
Springfield	$2,357	11.2% ($238)	43 days
Westfield	$2,536	19.7% ($417)	49 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

New Providence Rental Market FAQs

Explore rental prices, market trends, and availability in New Providence, NJ.

What is the average rent in New Providence, NJ?

The average rent in New Providence, NJ is $2,119 per month.

What is the rental price range for homes in New Providence, NJ?

Homes in New Providence typically rent for between $1,350 and $4,386 per month, with an average of $2,119 per month.

What is the average rent for different bedroom sizes in New Providence, NJ?

In New Providence, the average rent for a 1-bedroom home is $1,928 per month, for a 2-bedroom home, $2,280 per month, and a 3-bedroom home is $3,374 per month.

How do rent prices in New Providence, NJ compare with the national average?

The average rent in New Providence is 17.8% ($320) higher than the national average of $1,799 per month.

How competitive is the rental market in New Providence, NJ?

The rental market in New Providence, NJ, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in New Providence, NJ?

In New Providence, 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.

How many rental properties are available in New Providence, NJ?

There is currently 1 rental property available in New Providence, NJ.

Can I afford to rent a home in New Providence, NJ?

Based on the current averages, a household would need an annual income of $91,200 to comfortably afford a 2-bedroom home in New Providence.

Apartments & Homes for Rent in New Providence, NJ

Life in New Providence & Beyond

New Providence, NJ

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