Florham Park, 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 Florham Park, New Jersey rental market.
Florham Park, New Jersey
Average Apartment Rent
$3,287
Y-o-Y Change in Average
Apartment Rent
-4.5%
As of June 2026
Compared to a year ago, Florham Park, New Jersey apartments have recorded a -4.5% rent decrease.
Florham Park, New Jersey Average apartment rent trend
Florham Park, New Jersey Average Apartment Rent
Florham Park, New Jersey Apartment rent ranges
At 63.66%, apartments priced Over $3,000 represent the bulk of Florham Park, New Jersey rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 8%.
Florham Park, New Jersey Housing tenure**
Renters take up 31% of Florham Park, New Jersey real estate, occupying a total of 1,382 units, while homeowners live in 3,148 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$111,563
Average household size of renter-occupied housing units**
1.91
Rental vacancy rate**
1.5%
Florham Park, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 605 rentals in Florham Park, New Jersey with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 19 units. Overall, the median number of rooms in Florham Park, New Jersey homes for rent is 4.1.
Florham Park, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Florham Park, New Jersey are occupied by residents in the 65 - 74 years age group (20%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Florham Park, New Jersey Renter-occupied housing units by family type**
Florham Park, New Jersey Renter-occupied housing units by the presence of own children**
A total of 761 apartments for rent in Florham Park, New Jersey, or 55% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 282 units. All in all, the median size of a renter-occupied household in Florham Park, New Jersey is 1.91.
Florham Park, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 64% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Florham Park, New Jersey.
Florham Park, New Jersey Renter-occupied units by year structure built**
The highest share of Florham Park, New Jersey apartment rentals, namely 27% or 372 units, were Built 1980 - 1989, followed by those Built 2010 - 2019 (23%, 311 units), and the ones Built 1990 - 1999 (17%, 233 units).
Florham Park, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Florham Park, New Jersey renters (42%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Florham Park, New Jersey condos for rent is 2018.
Florham Park, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Florham Park, New Jersey renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 7% have No vehicle available.
Florham Park, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Florham Park, 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 Florham Park, 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
