Lake Hopatcong 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 Lake Hopatcong is about $1,448 per month. This puts it in the 42nd percentile compared to the state average cost of rent, which is $1,647. Households in Lake Hopatcong have a median income of $9,669 per month so the average renter in Lake Hopatcong is spending roughly 15% of their earnings on housing.
Nationally, and in Lake Hopatcong, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Hopatcong is $372,929 right now, which is higher than nearby cities, meaning that rents in Lake Hopatcong also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Lake Hopatcong while lower rent rates are often available in northern areas.
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