Elizabeth, NJ Rental Market
Elizabeth is one of New Jersey's oldest and most historically significant cities, built around the Port Newark-Elizabeth Marine Terminal — the second-busiest container port in the United States. The port and its surrounding logistics, warehousing, and freight industries drive consistent demand from blue-collar and trade workers, while direct NJ Transit commuter rail service to Penn Station (NYC) attracts a second tier of Manhattan-commuting tenants. Elizabeth is a diverse, working-class city with a large Latino community and strong demand for affordable multi-family rental units.
Get a rent estimate for an address in ElizabethAverage Rent in Elizabeth, NJ
$1,750
per month · 2026-06
Market Score
Key Facts — Elizabeth, NJ Rental Market
- Average rent in Elizabeth, NJ:$1,750/mo
- Median rent:$1,610/mo
- Rent range:$875 – $3,850/mo
- Most common rental (2 bedrooms):$1,550/mo
- Active listings:420
- Avg days to lease:29 days
- Year-over-year change:+3.8%
- Median home value:$350,000
- Est. gross annual yield:6.0%
- Data as of:2026-06
Rent by Bedroom in Elizabeth, NJ
Average monthly rent for each bedroom type based on current active listings in Elizabeth.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,250/mo |
2 Bedrooms | $1,550/mo |
3 Bedrooms | $1,950/mo |
4 Bedrooms | $2,425/mo |
5 Bedrooms | $2,775/mo |
Elizabeth Rental Market Statistics
Key indicators from the current Elizabeth, NJ rental market.
420
Available now in Elizabeth
29
From list to lease
$1.30
Average across listings
1,350 sq ft
Typical rental size
$875 – $3,850
Min to max active listings
+3.8%
Avg rent vs. prior year
Investing in Elizabeth, NJ Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$350,000
Typical purchase price in Elizabeth
Est. Gross Annual Yield
6.0%
Before expenses & vacancy
Avg Monthly Income
$1,750
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Elizabeth for a full cash-flow breakdown including all costs.
Elizabeth, NJ Rental Market FAQ
Common questions about renting and investing in Elizabeth, NJ.
What is the average rent in Elizabeth, NJ?
The average rent in Elizabeth, NJ is $1,750 per month as of 2026. One-bedroom apartments average $1,250/mo, two-bedrooms $1,550/mo, and three-bedroom units $1,950/mo. Elizabeth offers rents below neighboring Newark while maintaining direct NJ Transit access to New York Penn Station.
Is Elizabeth, NJ a good place to invest in rental property?
Elizabeth offers an estimated 6.0% gross annual yield anchored by port-driven employment demand and consistent NYC commuter rental activity. Port Newark-Elizabeth is one of the most stable economic anchors in New Jersey, employing tens of thousands in logistics, customs, and freight-related industries that generate year-round, recession-resistant rental demand.
What drives rental demand in Elizabeth, NJ?
Elizabeth's rental market is driven by two primary forces: the massive Port Newark-Elizabeth Marine Terminal complex (a top-2 U.S. container port employing directly and indirectly tens of thousands of workers) and NJ Transit rail service providing NYC commuters an affordable base. The city's large and established Latino community also creates strong organic demand for multi-family rentals in the Union County market.
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