Port Monmouth, 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 Port Monmouth, New Jersey rental market.
Port Monmouth, New Jersey
Average Apartment Rent
$2,171
Y-o-Y Change in Average
Apartment Rent
2.4%
As of May 2026
Compared to a year ago, Port Monmouth, New Jersey apartments have recorded a 2.4% rent increase.
Port Monmouth, New Jersey Average apartment rent trend
Port Monmouth, New Jersey Average Apartment Rent
Port Monmouth, New Jersey Apartment rent ranges
At 36.25%, apartments priced $1,500 - $2,000 represent the bulk of Port Monmouth, New Jersey rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 4.41%.
Port Monmouth, New Jersey Housing tenure**
Renters take up 22% of Port Monmouth, New Jersey real estate, occupying a total of 283 units, while homeowners live in 1,020 properties.
Median number of rooms of renter-occupied housing units**
3.3
Renter median household income**
$31,331
Average household size of renter-occupied housing units**
1.52
Port Monmouth, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 213 rentals in Port Monmouth, New Jersey with 1 bed making up the highest share of the market, at 75%. Units with 5 or more beds, on the other hand, hold the lowest percentage (4%), amounting to 11 units. Overall, the median number of rooms in Port Monmouth, New Jersey homes for rent is 3.3.
Port Monmouth, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Port Monmouth, New Jersey are occupied by residents in the 65 - 74 years age group (58%), followed by those in the 75 - 84 years age group (15%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.
Port Monmouth, New Jersey Renter-occupied housing units by family type**
Port Monmouth, New Jersey Renter-occupied housing units by the presence of own children**
A total of 69 apartments for rent in Port Monmouth, New Jersey, or 24% of all rentals are family households. Additionally, 17% of rental homes include children under the age of 18 – that’s 49 units. All in all, the median size of a renter-occupied household in Port Monmouth, New Jersey is 1.52.
Port Monmouth, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Port Monmouth, New Jersey.
Port Monmouth, New Jersey Renter-occupied units by year structure built**
The highest share of Port Monmouth, New Jersey apartment rentals, namely 73% or 207 units, were Built 2010 - 2019, followed by those Built 1950 - 1959 (16%, 46 units), and the ones Built 1940 - 1949 (4%, 11 units).
Port Monmouth, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Port Monmouth, New Jersey renters (87%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Port Monmouth, New Jersey condos for rent is 2014.
Port Monmouth, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Port Monmouth, New Jersey renters have No vehicle available per household, 42% of them have 1 vehicle available, and 7% have 2 or more vehicles available.
Port Monmouth, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Port Monmouth, 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 Port Monmouth, 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
