Last updated
Average Rent in Elizabeth 07202 & Rent Trends
Rent prices and market trends across 2 apartment communities in Elizabeth 07202, Elizabeth, NJ. Updated daily.
Market Average
$2,373/mo
▼ 2.9% from last month
Lowest Available
$1,770/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
13
available now
Elizabeth 07202 vs Elizabeth, NJ Average
Elizabeth 07202 is cheaper the Elizabeth, NJ average by $291/mo (11%). The citywide average is $2,664/mo across all neighborhoods.
Is Rent Going Up or Down in Elizabeth 07202?
As of July 2026, the average rent in Elizabeth 07202 is $2,373 per month across 2 apartment communities and 13 available units. Rents have decreased $78 (2.9%) over the past month.
The most affordable option is Linden Arms, LLC starting at $1,770/mo. By unit type, a 1-bedroom averages $2,373/mo.
Prices range from $1,770 to $2,569 per month. The most common price point is the $2,400 range, where 9 units are currently listed.
Elizabeth 07202 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Elizabeth 07202
Rent Prices by Apartment in Elizabeth 07202
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Linden Arms, LLC | $1,770/mo | $1,770/mo | 1 | 4.2 |
| Vinty Apartments | $2,264/mo | $2,424/mo | 12 | 3.9 |
Google Search Trends for Elizabeth 07202 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Elizabeth 07202
What is the average rent in Elizabeth 07202?
Is rent going up or down in Elizabeth 07202?
What is the cheapest apartment in Elizabeth 07202?
How much is a 1-bedroom apartment in Elizabeth 07202?
How many apartments are available in Elizabeth 07202?
What salary do I need to live comfortably in Elizabeth 07202?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$95,000/year
Based on the 30 percent rule, using our tracked average rent of $2,373/mo.
Comfortable income
$114,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,770/mo), you need to earn at least $71,000/year.
Median household income in Elizabeth 07202 is $63,874 , about 44% below the comfortable-living threshold.
Cost of living in Elizabeth 07202
Overall prices in Elizabeth 07202 runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Elizabeth 07202's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,373 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,081/mo |
Population
135,887
Median household income
$63,874
Census median rent
$1,463/mo
Rent as % of income
32.1%
Median age
35.8
Mean commute
27 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Elizabeth 07202 Apartments
Browse all 2 communities with daily-updated pricing and availability.