Asbury 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 Asbury Park, New Jersey rental market.
Asbury Park, New Jersey
Average Apartment Rent
$2,106
Y-o-Y Change in Average
Apartment Rent
10.6%
As of March 2026
Compared to a year ago, Asbury Park, New Jersey apartments have recorded a 10.6% rent increase.
Asbury Park, New Jersey Average apartment rent trend
Asbury Park, New Jersey Average Apartment Rent
Asbury Park, New Jersey Apartment rent ranges
At 52.6%, apartments priced $2,000 - $2,500 represent the bulk of Asbury Park, New Jersey rentals, while condos priced Over $3,000 hold the lowest share of the market – 2.6%.
Asbury Park, New Jersey Housing tenure**
Renters take up 69% of Asbury Park, New Jersey real estate, occupying a total of 5,176 units, while homeowners live in 2,301 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$39,109
Average household size of renter-occupied housing units**
1.99
Rental vacancy rate**
5.3%
Asbury Park, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 2,488 rentals in Asbury Park, New Jersey with 1 bed making up the highest share of the market, at 48%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 152 units. Overall, the median number of rooms in Asbury Park, New Jersey homes for rent is 3.4.
Asbury Park, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Asbury Park, New Jersey are occupied by residents in the 25 - 34 years age group (30%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Asbury Park, New Jersey Renter-occupied housing units by family type**
Asbury Park, New Jersey Renter-occupied housing units by the presence of own children**
A total of 1,741 apartments for rent in Asbury Park, New Jersey, or 34% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 1,104 units. All in all, the median size of a renter-occupied household in Asbury Park, New Jersey is 1.99.
Asbury Park, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 40% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Asbury Park, New Jersey.
Asbury Park, New Jersey Renter-occupied units by year structure built**
The highest share of Asbury Park, New Jersey apartment rentals, namely 28% or 1,438 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (18%, 907 units), and the ones Built 1980 - 1989 (15%, 783 units).
Asbury Park, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Asbury Park, New Jersey renters (45%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Asbury Park, New Jersey condos for rent is 2016.
Asbury Park, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Asbury Park, New Jersey renters have 1 vehicle available per household, 26% of them have No vehicle available, and 21% have 2 vehicles available.
Asbury Park, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Asbury 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 Asbury 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
