Red Bank, 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 Red Bank, New Jersey rental market.
Red Bank, New Jersey
Average Apartment Rent
$2,600
Y-o-Y Change in Average
Apartment Rent
3%
As of May 2026
Compared to a year ago, Red Bank, New Jersey apartments have recorded a 3% rent increase.
Red Bank, New Jersey Average apartment rent trend
Red Bank, New Jersey Average Apartment Rent
Red Bank, New Jersey Apartment rent ranges
At 26.46%, apartments priced $2,500 - $3,000 represent the bulk of Red Bank, New Jersey rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 9.09%.
Red Bank, New Jersey Housing tenure**
Renters take up 48% of Red Bank, New Jersey real estate, occupying a total of 2,934 units, while homeowners live in 3,150 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$72,975
Average household size of renter-occupied housing units**
2.01
Red Bank, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 1,217 rentals in Red Bank, New Jersey with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 54 units. Overall, the median number of rooms in Red Bank, New Jersey homes for rent is 3.8.
Red Bank, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Red Bank, New Jersey are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Red Bank, New Jersey Renter-occupied housing units by family type**
Red Bank, New Jersey Renter-occupied housing units by the presence of own children**
A total of 1,279 apartments for rent in Red Bank, New Jersey, or 44% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 691 units. All in all, the median size of a renter-occupied household in Red Bank, New Jersey is 2.01.
Red Bank, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 50% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Red Bank, New Jersey.
Red Bank, New Jersey Renter-occupied units by year structure built**
The highest share of Red Bank, New Jersey apartment rentals, namely 22% or 650 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (21%, 621 units), and the ones Built 1960 - 1969 (15%, 426 units).
Red Bank, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Red Bank, New Jersey renters (47%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Red Bank, New Jersey condos for rent is 2015.
Red Bank, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Red Bank, New Jersey renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 27% have No vehicle available.
Red Bank, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Red Bank, 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 Red Bank, 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
