Mercer County
FY 2026 HUD Fair Market Rents in New Jersey. Population: 383,732.
Fair Market Rents (2026)
Studio
National avg: $893
$1,344/mo
↓ 3.4% YoY
+51% vs US
1 Bedroom
National avg: $959
$1,545/mo
↓ 3.7% YoY
+61% vs US
2 Bedroom
National avg: $1,175
$1,950/mo
↓ 3.8% YoY
+66% vs US
3 Bedroom
National avg: $1,525
$2,338/mo
↓ 4.3% YoY
+53% vs US
4 Bedroom
National avg: $1,756
$2,670/mo
↓ 2.8% YoY
+52% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,391 | $1,344 | $-47 (-3.4%) |
| 1 Bedroom | $1,605 | $1,545 | $-60 (-3.7%) |
| 2 Bedroom | $2,028 | $1,950 | $-78 (-3.8%) |
| 3 Bedroom | $2,443 | $2,338 | $-105 (-4.3%) |
| 4 Bedroom | $2,747 | $2,670 | $-77 (-2.8%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$61,800
$5,150/month gross
Required annual income for 2 BR
$78,000
$6,500/month gross
Other Counties in New Jersey
Morris County
1 BR: $1,822/mo
Monmouth County
1 BR: $1,889/mo
Ocean County
1 BR: $1,889/mo
Cumberland County
1 BR: $1,375/mo
Camden County
1 BR: $1,520/mo
Union County
1 BR: $1,822/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.