East Orange, 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 Orange, New Jersey rental market.
Highlights
An apartment for rent in East Orange, New Jersey typically goes for $1,695 per month, while a single-family home for rent in East Orange, New Jersey has a monthly cost of around $2,334. Renter-occupied units make up 72% of the local housing market, while the rental vacancy rate in East Orange, New Jersey is at 4.
East Orange, New Jersey
Average Apartment Rent
$1,695
Y-o-Y Change in Average
Apartment Rent
3%
Average Single-Family Rent
$2,334
As of July 2024
Compared to a year ago, East Orange, New Jersey apartments have recorded a 3% rent increase.
East Orange, New Jersey Average apartment rent trend
East Orange, New Jersey Average Apartment Rent
East Orange, New Jersey Apartment rent ranges
At 39.69%, apartments priced $1,000 - $1,500 represent the bulk of East Orange, New Jersey rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2.24%.
East Orange, New Jersey Housing tenure**
Renters take up 72% of East Orange, New Jersey real estate, occupying a total of 18,970 units, while homeowners live in 7,389 properties.
Median number of rooms of renter-occupied housing units**
3.5
Renter median household income**
$47,117
Average household size of renter-occupied housing units**
2.3
Rental vacancy rate**
4%
East Orange, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 7,376 rentals in East Orange, New Jersey with 1 bed making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 207 units. Overall, the median number of rooms in East Orange, New Jersey homes for rent is 3.5.
East Orange, New Jersey Renter-occupied units by age of householder**
Most condos for rent in East Orange, New Jersey are occupied by residents in the 25 - 34 years age group (22%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
East Orange, New Jersey Renter-occupied housing units by family type**
East Orange, New Jersey Renter-occupied housing units by the presence of own children**
A total of 9,172 apartments for rent in East Orange, New Jersey, or 48% of all rentals are family households. Additionally, 28% of rental homes include children under the age of 18 – that’s 5,262 units. All in all, the median size of a renter-occupied household in East Orange, New Jersey is 2.3.
East Orange, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in East Orange, New Jersey.
East Orange, New Jersey Renter-occupied units by year structure built**
The highest share of East Orange, New Jersey apartment rentals, namely 25% or 4,825 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (16%, 2,971 units), and the ones Built 1960 - 1969 (12%, 2,361 units).
East Orange, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most East Orange, New Jersey renters (50%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their East Orange, New Jersey condos for rent is 2014.
East Orange, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of East Orange, New Jersey renters have No vehicle available per household, 42% of them have 1 vehicle available, and 12% have 2 vehicles available.
East Orange, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
East Orange, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
East Orange, New Jersey Average apartment rent by zip codes
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 Orange, 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
