Lakewood Township, 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 Lakewood Township, New Jersey rental market.
Lakewood Township, New Jersey
Average Apartment Rent
$2,070
Y-o-Y Change in Average
Apartment Rent
0.3%
As of March 2026
Compared to a year ago, Lakewood Township, New Jersey apartments have recorded a 0.3% rent increase.
Lakewood Township, New Jersey Average apartment rent trend
Lakewood Township, New Jersey Average Apartment Rent
Lakewood Township, New Jersey Apartment rent ranges
At 49.1%, apartments priced $2,000 - $2,500 represent the bulk of Lakewood Township, New Jersey rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.08%.
Lakewood Township, New Jersey Housing tenure**
Renters take up 61% of Lakewood Township, New Jersey real estate, occupying a total of 8,296 units, while homeowners live in 5,222 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$39,663
Average household size of renter-occupied housing units**
4.46
Rental vacancy rate**
1.9%
Lakewood Township, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 2,921 rentals in Lakewood Township, New Jersey with 2 beds making up the highest share of the market, at 35%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 247 units. Overall, the median number of rooms in Lakewood Township, New Jersey homes for rent is 4.7.
Lakewood Township, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Lakewood Township, New Jersey are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 1%.
Lakewood Township, New Jersey Renter-occupied housing units by family type**
Lakewood Township, New Jersey Renter-occupied housing units by the presence of own children**
A total of 7,089 apartments for rent in Lakewood Township, New Jersey, or 85% of all rentals are family households. Additionally, 71% of rental homes include children under the age of 18 – that’s 5,910 units. All in all, the median size of a renter-occupied household in Lakewood Township, New Jersey is 4.46.
Lakewood Township, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 32% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Lakewood Township, New Jersey.
Lakewood Township, New Jersey Renter-occupied units by year structure built**
The highest share of Lakewood Township, New Jersey apartment rentals, namely 19% or 1,561 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (17%, 1,441 units), and the ones Built 2000 - 2009 (13%, 1,090 units).
Lakewood Township, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Lakewood Township, New Jersey renters (52%) moved in 2010 to 2017, while only 3% of them moved in 2021 or later. Overall, the median year renters have occupied their Lakewood Township, New Jersey condos for rent is 2015.
Lakewood Township, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Lakewood Township, New Jersey renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 16% have No vehicle available.
Lakewood Township, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Lakewood Township, 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 Lakewood Township, 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
