Passaic Junction 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 Passaic Junction is about $1,963 per month. This puts it in the 88th percentile compared to the city average cost of rent, which is $1,852. Households in Passaic Junction have a median income of $12,028 per month so the average renter in Passaic Junction is spending roughly 16% of their earnings on housing.
Nationally, and in Passaic Junction, home values are the data point most closely correlated with the cost of rent. The median price of a home in Passaic Junction is $412,282 right now, which is lower than nearby neighborhoods, meaning that rents in Passaic Junction also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Passaic Junction while lower rent rates are often available in western areas.
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