Average Rent in Somerset, NJ
2 apartment buildings, 315 units. Daily asking prices with rent history for every building.
Browse apartments in Somerset, NJAvg Rent
$2,457/mo
median $2,349
market average
Cheapest
$1,239/mo
Douglass Gardens Apartments
Properties
2
tracked daily
Units
315
available now
Somerset, NJ Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 2 properties in Somerset, NJ.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Somerset, NJ Rent Prices
All 2 properties ranked by lowest available rent.
Douglass Gardens Apartments
462 Hamilton St, Somerset, NJ 08873, USA
The Arbors at Franklin Apartments
265 Franklin Blvd, Somerset, NJ 08873, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Douglass Gardens Apartments 462 Hamilton St, Somerset, NJ 08873, USA | $1,239 | $2,457 | $3.00/ft² | 3.8 (53) | 315 |
| 2 | The Arbors at Franklin Apartments 265 Franklin Blvd, Somerset, NJ 08873, USA | $1,499 as of Oct 3 | $1,932 | $1.76/ft² | 4 (211) | 3 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
By Area
Somerset, NJ neighborhoods
Tracked buildings across 1 named neighborhoods. Pick one to see its apartments.
Somerset, NJ Average Rent Prices 2026
The average rent in Somerset, NJ is $2,457 per month, based on 315 units across 2 apartment communities. Prices range from $1,239 at Douglass Gardens Apartments to $4,800 at Douglass Gardens Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,932/mo | $1,600/mo | 23 |
| 1 Bed | $2,197/mo | $1,625/mo | 152 |
| 2 Bed | $2,775/mo | $2,089/mo | 133 |
| 3 Bed | $4,189/mo | $2,800/mo | 6 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Somerset, NJ, and what they pay
Tracked one-bedroom rent in Somerset, NJ averages $2,197/mo, with two-bedroom units averaging $2,775/mo. At the local median household income of $113,603, that works out to 26% of gross income, near the 30 percent affordability ceiling.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Somerset, NJ at $2,050/mo. The current tracked market average runs 20% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Somerset, NJ while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Somerset, 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
$98,000/year
Based on the 30 percent rule, using our tracked average rent of $2,457/mo.
Comfortable income
$118,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,239/mo), you need to earn at least $50,000/year.
Median household income in Somerset, NJ is $113,603 , about 4% below the comfortable-living threshold.
Cost of living in Somerset, NJ
Overall prices in Somerset, 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 Somerset, NJ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,457 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,165/mo |
Population
23,851
Median household income
$113,603
Census median rent
$2,050/mo
Census rent burden
33.0%
Median age
40.9
Mean commute
34 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.
Compare
Nearby cities in New Jersey
How Somerset, NJ rent compares to other markets in the state.
| City | Avg Rent | vs Somerset, NJ | 30-Day Change | Properties |
|---|---|---|---|---|
| Edison, NJ | $2,390 | -3% | -8.6% | 16 |
| New Brunswick, NJ | $2,180 | -11% | -10.4% | 13 |
| Hoboken, NJ | $4,794 | +95% | +4.9% | 10 |
| Jersey City, NJ | $4,170 | +70% | -5.9% | 8 |
| Newark, NJ | $2,614 | +6% | -1.8% | 8 |
| Bayonne, NJ | $3,059 | +25% | +34.2% | 7 |
Frequently asked questions
What is the average rent in Somerset, NJ?
The average rent in Somerset, NJ is $2,457 per month, based on 315 units across 2 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Somerset, NJ?
The median asking rent in Somerset, NJ is $2,349 per month, computed from 315 live listed units and refreshed daily. The average is $2,457/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Somerset, NJ?
The lowest available rent in Somerset, NJ starts at $1,239 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Somerset, NJ?
1-bedroom apartments in Somerset, NJ average $2,197/mo. The lowest listed 1-bedroom starts at $1,625/mo across 152 units tracked.
How much is a 2-bedroom apartment in Somerset, NJ?
2-bedroom apartments in Somerset, NJ average $2,775/mo. Units start from $2,089/mo across 133 units currently listed.
Rent Trends in Somerset, NJ
Track how apartment prices are changing over time.
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