Rumson, New Jersey Rental Market Trends

Disclaimer:

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 Rumson, New Jersey rental market.

Rumson, 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, Rumson, New Jersey apartments have recorded a 2.4% rent increase.

Rumson, New Jersey Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Rumson $2,001 $2,027 $2,063 $2,098 $2,110 $2,114 $2,155 $2,160 $2,159
National $1,741 $1,732 $1,736 $1,756 $1,749 $1,755 $1,767 $1,753 $1,750
Rumson
National
Jul 2023
$2,001
$1,741
Nov 2023
$2,027
$1,732
Mar 2024
$2,063
$1,736
Jul 2024
$2,098
$1,756
Nov 2024
$2,110
$1,749
Mar 2025
$2,114
$1,755
Jul 2025
$2,155
$1,767
Nov 2025
$2,160
$1,753
Mar 2026
$2,159
$1,750

Rumson, New Jersey Average Apartment Rent

Rumson, New Jersey Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 36.25%, apartments priced $1,500 - $2,000 represent the bulk of Rumson, New Jersey rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 4.41%.

Rumson, New Jersey Housing tenure**

Renter occupied housing units 167
Owner occupied housing units 2,136

Renters take up 7% of Rumson, New Jersey real estate, occupying a total of 167 units, while homeowners live in 2,136 properties.

Median number of rooms of renter-occupied housing units**

5.2

Renter median household income**

$132,917

Average household size of renter-occupied housing units**

2.1

Rumson, New Jersey Renter-occupied housing units by no. of bedrooms**

1 bed 32
2 beds 63
3 beds 26
4 beds 46

There are 63 rentals in Rumson, New Jersey with 2 beds making up the highest share of the market, at 38%. Units with 3 beds, on the other hand, hold the lowest percentage (16%), amounting to 26 units. Overall, the median number of rooms in Rumson, New Jersey homes for rent is 5.2.

Rumson, New Jersey Renter-occupied units by age of householder**

25 - 34 years 19
35 - 44 years 10
45 - 54 years 61
55 - 59 years 34
60 - 64 years 28
65 - 74 years 15

Most condos for rent in Rumson, New Jersey are occupied by residents in the 45 - 54 years age group (37%), followed by those in the 55 - 59 years age group (20%). At the same time, people in the 35 - 44 years age group make up the lowest share of the local rental market – 6%.

Rumson, New Jersey Renter-occupied housing units by family type**

Family households 92
Non-Family Households 75

Rumson, New Jersey Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 50
No related children of the householder under 18 117

A total of 92 apartments for rent in Rumson, New Jersey, or 55% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 50 units. All in all, the median size of a renter-occupied household in Rumson, New Jersey is 2.1.

Rumson, New Jersey Renter-occupied housing units by educational attainment**

Less than high school graduate 11
High school graduate (including equivalency) 9
Some college or associate's degree 31
Bachelor's degree or higher 116

In terms of education, renters holding bachelor degrees or higher make up 69% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Rumson, New Jersey.

Rumson, New Jersey Renter-occupied units by year structure built**

Built 2010 - 2019 9
Built 2000 - 2009 22
Built 1980 - 1989 28
Built 1970 - 1979 14
Built 1960 - 1969 15
Built 1950 - 1959 18
Built 1940 - 1949 9
Built 1939 or earlier 52

The highest share of Rumson, New Jersey apartment rentals, namely 31% or 52 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (17%, 28 units), and the ones Built 2000 - 2009 (13%, 22 units).

Rumson, New Jersey Renter-occupied units by year householder moved in**

Moved in 2018 to 2020 65
Moved in 2010 to 2017 78
Moved in 2000 to 2009 24

Median year renter moved into unit 2016

Most Rumson, New Jersey renters (47%) moved in 2010 to 2017, while only 14% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Rumson, New Jersey condos for rent is 2016.

Rumson, New Jersey Renter-occupied housing units by vehicles available**

1 vehicle available 92
2 vehicles available 61
4 or more vehicles available 14

When it comes to transportation options, 55% of Rumson, New Jersey renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 8% have 4 or more vehicles available.

Rumson, New Jersey Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 80
Car, truck, or van - carpooled 10
Public transportation (excluding taxicab) 68
Walked 10
Worked at home 25

Rumson, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 288
Moved within same county 30
Moved from different county within same state 12
Moved from different state 20

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 Rumson, 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

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