Highland 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 Highland Park, New Jersey rental market.
Highland Park, New Jersey
Average Apartment Rent
$2,276
Y-o-Y Change in Average
Apartment Rent
-1.6%
As of March 2026
Compared to a year ago, Highland Park, New Jersey apartments have recorded a -1.6% rent decrease.
Highland Park, New Jersey Average apartment rent trend
Highland Park, New Jersey Average Apartment Rent
Highland Park, New Jersey Apartment rent ranges
At 48.21%, apartments priced $2,000 - $2,500 represent the bulk of Highland Park, New Jersey rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.88%.
Highland Park, New Jersey Housing tenure**
Renters take up 62% of Highland Park, New Jersey real estate, occupying a total of 4,035 units, while homeowners live in 2,512 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$74,219
Average household size of renter-occupied housing units**
1.94
Rental vacancy rate**
5.2%
Highland Park, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 1,869 rentals in Highland Park, New Jersey with 1 bed making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 39 units. Overall, the median number of rooms in Highland Park, New Jersey homes for rent is 3.6.
Highland Park, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Highland Park, New Jersey are occupied by residents in the 25 - 34 years age group (41%), followed by those in the 35 - 44 years age group (12%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Highland Park, New Jersey Renter-occupied housing units by family type**
Highland Park, New Jersey Renter-occupied housing units by the presence of own children**
A total of 1,655 apartments for rent in Highland Park, New Jersey, or 41% of all rentals are family households. Additionally, 19% of rental homes include children under the age of 18 – that’s 766 units. All in all, the median size of a renter-occupied household in Highland Park, New Jersey is 1.94.
Highland Park, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 73% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Highland Park, New Jersey.
Highland Park, New Jersey Renter-occupied units by year structure built**
The highest share of Highland Park, New Jersey apartment rentals, namely 20% or 825 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (17%, 684 units), and the ones Built 1950 - 1959 (17%, 684 units).
Highland Park, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Highland Park, New Jersey renters (38%) moved in 2018 to 2020, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Highland Park, New Jersey condos for rent is 2017.
Highland Park, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Highland Park, New Jersey renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 20% have No vehicle available.
Highland Park, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Highland 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 Highland 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
