Last updated
Average Rent in Elmwood Park, NJ & Rent Trends
Rent prices and market trends across 1 apartment community in Elmwood Park, NJ. Updated daily.
Market Average
$2,437/mo
Lowest Available
$2,045/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
39
available now
Price Cuts This Week in Elmwood Park, NJ
24 listed units across 1 building in Elmwood Park, NJ dropped their asking rent in the past 7 days, an average cut of $52/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Elmwood Village Apartment Homes | Unit D142A | $2,330 | $2,270 | $60 |
| Elmwood Village Apartment Homes | Unit B104A | $2,665 | $2,610 | $55 |
| Elmwood Village Apartment Homes | Unit B157B | $2,700 | $2,645 | $55 |
| Elmwood Village Apartment Homes | Unit B94B | $2,695 | $2,640 | $55 |
| Elmwood Village Apartment Homes | Unit D140A | $2,475 | $2,420 | $55 |
| Elmwood Village Apartment Homes | Unit D160A | $2,245 | $2,190 | $55 |
| Elmwood Village Apartment Homes | Unit D164B | $2,505 | $2,450 | $55 |
| Elmwood Village Apartment Homes | Unit D180B | $2,680 | $2,625 | $55 |
Is Rent Going Up or Down in Elmwood Park, NJ?
As of July 2026, the average rent in Elmwood Park, NJ is $2,437 per month across 1 apartment community and 39 available units.
The most affordable option is Elmwood Village Apartment Homes starting at $2,045/mo. By unit type, a 1-bedroom averages $2,237/mo, a 2-bedroom averages $2,435/mo, a 3-bedroom averages $3,678/mo.
Prices range from $2,045 to $3,735 per month. The most common price point is the $2,200 range, where 20 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Elmwood Park, NJ
Rent Prices by Apartment in Elmwood Park, NJ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Elmwood Village Apartment Homes | $2,045/mo | $2,437/mo | 39 | 3.4 |
Google Search Trends for Elmwood Park, NJ Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Elmwood Park, NJ
What is the average rent in Elmwood Park, NJ?
Is rent going up or down in Elmwood Park, NJ?
What is the cheapest apartment in Elmwood Park, NJ?
How much is a 1-bedroom apartment in Elmwood Park, NJ?
How many apartments are available in Elmwood Park, NJ?
What salary do I need to live comfortably in Elmwood Park, NJ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$97,000/year
Based on the 30 percent rule, using our tracked average rent of $2,437/mo.
Comfortable income
$117,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,045/mo), you need to earn at least $82,000/year.
Median household income in Elmwood Park, NJ is $100,852 , about 14% below the comfortable-living threshold.
Cost of living in Elmwood Park, NJ
Overall prices in Elmwood Park, NJ 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 Elmwood Park, NJ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,437 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,145/mo |
Population
21,287
Median household income
$100,852
Census median rent
$2,025/mo
Rent as % of income
30.3%
Median age
39.9
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 Elmwood Park, NJ Apartments
Browse all 1 communities with daily-updated pricing and availability.