07822 renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in 07822 is about $1,741 per month. This puts it in the 67th percentile compared to the state average cost of rent, which is $1,647. Households in 07822 have a median income of $10,007 per month so the average renter in 07822 is spending roughly 17% of their earnings on housing.
Nationally, and in 07822, home values are the data point most closely correlated with the cost of rent. The median price of a home in 07822 is $386,800 right now, which is higher than nearby zip codes, meaning that rents in 07822 also tend to be higher versus these nearby zip codes.
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