Greater Phillipsburg, 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 Greater Phillipsburg, New Jersey rental market.
Greater Phillipsburg, New Jersey
Average Apartment Rent
$1,932
Y-o-Y Change in Average
Apartment Rent
10.7%
As of May 2026
Compared to a year ago, Greater Phillipsburg, New Jersey apartments have recorded a 10.7% rent increase.
Greater Phillipsburg, New Jersey Average apartment rent trend
Greater Phillipsburg, New Jersey Average Apartment Rent
Greater Phillipsburg, New Jersey Apartment rent ranges
At 67.79%, apartments priced $1,500 - $2,000 represent the bulk of Greater Phillipsburg, New Jersey rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 32.21%.
Greater Phillipsburg, New Jersey Housing tenure**
Renters take up 41% of Greater Phillipsburg, New Jersey real estate, occupying a total of 2,736 units, while homeowners live in 3,866 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$34,224
Average household size of renter-occupied housing units**
2.29
Rental vacancy rate**
2%
Greater Phillipsburg, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 897 rentals in Greater Phillipsburg, New Jersey with 3 beds making up the highest share of the market, at 33%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 24 units. Overall, the median number of rooms in Greater Phillipsburg, New Jersey homes for rent is 4.8.
Greater Phillipsburg, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Greater Phillipsburg, New Jersey are occupied by residents in the 35 - 44 years age group (28%), followed by those in the 25 - 34 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 – 3%.
Greater Phillipsburg, New Jersey Renter-occupied housing units by family type**
Greater Phillipsburg, New Jersey Renter-occupied housing units by the presence of own children**
A total of 1,414 apartments for rent in Greater Phillipsburg, New Jersey, or 52% of all rentals are family households. Additionally, 36% of rental homes include children under the age of 18 – that’s 982 units. All in all, the median size of a renter-occupied household in Greater Phillipsburg, New Jersey is 2.29.
Greater Phillipsburg, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 19% of the homes for rent in Greater Phillipsburg, New Jersey.
Greater Phillipsburg, New Jersey Renter-occupied units by year structure built**
The highest share of Greater Phillipsburg, New Jersey apartment rentals, namely 31% or 861 units, were Built 1939 or earlier, followed by those Built 1940 - 1949 (21%, 577 units), and the ones Built 1950 - 1959 (13%, 365 units).
Greater Phillipsburg, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Greater Phillipsburg, New Jersey renters (47%) moved in 2010 to 2017, while only 4% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Greater Phillipsburg, New Jersey condos for rent is 2015.
Greater Phillipsburg, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Greater Phillipsburg, New Jersey renters have 1 vehicle available per household, 23% of them have No vehicle available, and 21% have 2 vehicles available.
Greater Phillipsburg, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Greater Phillipsburg, 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 Greater Phillipsburg, 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
