Westwood, 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 Westwood, New Jersey rental market.
Westwood, New Jersey
Average Apartment Rent
$2,773
Y-o-Y Change in Average
Apartment Rent
-1.4%
As of May 2026
Compared to a year ago, Westwood, New Jersey apartments have recorded a -1.4% rent decrease.
Westwood, New Jersey Average apartment rent trend
Westwood, New Jersey Average Apartment Rent
Westwood, New Jersey Apartment rent ranges
At 47.35%, apartments priced $2,000 - $2,500 represent the bulk of Westwood, New Jersey rentals, while condos priced Over $3,000 hold the lowest share of the market – 23.32%.
Westwood, New Jersey Housing tenure**
Renters take up 35% of Westwood, New Jersey real estate, occupying a total of 1,484 units, while homeowners live in 2,755 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$91,222
Average household size of renter-occupied housing units**
2.22
Rental vacancy rate**
3.9%
Westwood, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 629 rentals in Westwood, New Jersey with 1 bed making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 28 units. Overall, the median number of rooms in Westwood, New Jersey homes for rent is 3.9.
Westwood, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Westwood, New Jersey are occupied by residents in the 35 - 44 years age group (29%), followed by those in the 75 - 84 years age group (16%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.
Westwood, New Jersey Renter-occupied housing units by family type**
Westwood, New Jersey Renter-occupied housing units by the presence of own children**
A total of 774 apartments for rent in Westwood, New Jersey, or 52% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 428 units. All in all, the median size of a renter-occupied household in Westwood, New Jersey is 2.22.
Westwood, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 54% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Westwood, New Jersey.
Westwood, New Jersey Renter-occupied units by year structure built**
The highest share of Westwood, New Jersey apartment rentals, namely 19% or 278 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (17%, 258 units), and the ones Built 1990 - 1999 (15%, 227 units).
Westwood, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2014
Most Westwood, New Jersey renters (52%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Westwood, New Jersey condos for rent is 2014.
Westwood, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 53% of Westwood, New Jersey renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 18% have No vehicle available.
Westwood, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Westwood, 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 Westwood, 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
