East Franklin, 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 East Franklin, New Jersey rental market.
East Franklin, New Jersey
Average Apartment Rent
$2,363
Y-o-Y Change in Average
Apartment Rent
-5.3%
As of May 2026
Compared to a year ago, East Franklin, New Jersey apartments have recorded a -5.3% rent decrease.
East Franklin, New Jersey Average apartment rent trend
East Franklin, New Jersey Average Apartment Rent
East Franklin, New Jersey Apartment rent ranges
At 44.89%, apartments priced $2,500 - $3,000 represent the bulk of East Franklin, New Jersey rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 23.48%.
East Franklin, New Jersey Housing tenure**
Renters take up 50% of East Franklin, New Jersey real estate, occupying a total of 1,315 units, while homeowners live in 1,328 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$94,113
Average household size of renter-occupied housing units**
3.62
East Franklin, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 706 rentals in East Franklin, New Jersey with 2 beds making up the highest share of the market, at 54%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 16 units. Overall, the median number of rooms in East Franklin, New Jersey homes for rent is 4.1.
East Franklin, New Jersey Renter-occupied units by age of householder**
Most condos for rent in East Franklin, New Jersey are occupied by residents in the 35 - 44 years age group (34%), followed by those in the 25 - 34 years age group (28%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
East Franklin, New Jersey Renter-occupied housing units by family type**
East Franklin, New Jersey Renter-occupied housing units by the presence of own children**
A total of 897 apartments for rent in East Franklin, New Jersey, or 68% of all rentals are family households. Additionally, 43% of rental homes include children under the age of 18 – that’s 567 units. All in all, the median size of a renter-occupied household in East Franklin, New Jersey is 3.62.
East Franklin, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in East Franklin, New Jersey.
East Franklin, New Jersey Renter-occupied units by year structure built**
The highest share of East Franklin, New Jersey apartment rentals, namely 26% or 338 units, were Built 1960 - 1969, followed by those Built 2010 - 2019 (24%, 318 units), and the ones Built 1980 - 1989 (20%, 260 units).
East Franklin, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most East Franklin, New Jersey renters (57%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their East Franklin, New Jersey condos for rent is 2019.
East Franklin, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 62% of East Franklin, New Jersey renters have 1 vehicle available per household, 25% of them have 2 vehicles available, and 8% have No vehicle available.
East Franklin, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
East Franklin, 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 East Franklin, 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
