Bound Brook, New Jersey Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Bound Brook, New Jersey rental market.
Bound Brook, New Jersey
Average Apartment Rent
$2,194
Y-o-Y Change in Average
Apartment Rent
1.8%
As of March 2026
Compared to a year ago, Bound Brook, New Jersey apartments have recorded a 1.8% rent increase.
Bound Brook, New Jersey Average apartment rent trend
Bound Brook, New Jersey Average Apartment Rent
Bound Brook, New Jersey Apartment rent ranges
At 41.71%, apartments priced $2,000 - $2,500 represent the bulk of Bound Brook, New Jersey rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.08%.
Bound Brook, New Jersey Housing tenure**
Renters take up 55% of Bound Brook, New Jersey real estate, occupying a total of 2,528 units, while homeowners live in 2,039 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$53,511
Average household size of renter-occupied housing units**
2.41
Rental vacancy rate**
1.2%
Bound Brook, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 1,016 rentals in Bound Brook, New Jersey with 2 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 25 units. Overall, the median number of rooms in Bound Brook, New Jersey homes for rent is 4.
Bound Brook, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Bound Brook, New Jersey are occupied by residents in the 35 - 44 years age group (32%), followed by those in the 25 - 34 years age group (30%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Bound Brook, New Jersey Renter-occupied housing units by family type**
Bound Brook, New Jersey Renter-occupied housing units by the presence of own children**
A total of 1,560 apartments for rent in Bound Brook, New Jersey, or 62% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 992 units. All in all, the median size of a renter-occupied household in Bound Brook, New Jersey is 2.41.
Bound Brook, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Bound Brook, New Jersey.
Bound Brook, New Jersey Renter-occupied units by year structure built**
The highest share of Bound Brook, New Jersey apartment rentals, namely 25% or 639 units, were Built 2010 - 2019, followed by those Built 1939 or earlier (21%, 533 units), and the ones Built 1940 - 1949 (15%, 372 units).
Bound Brook, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Bound Brook, New Jersey renters (46%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Bound Brook, New Jersey condos for rent is 2017.
Bound Brook, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Bound Brook, New Jersey renters have 1 vehicle available per household, 21% of them have 2 vehicles available, and 21% have No vehicle available.
Bound Brook, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Bound Brook, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Bound Brook, New Jersey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
