Monmouth County
FY 2026 HUD Fair Market Rents in New Jersey. Population: 643,064.
Fair Market Rents (2026)
Studio
National avg: $893
$1,676/mo
↑ 13.7% YoY
+88% vs US
1 Bedroom
National avg: $959
$1,889/mo
↑ 14.2% YoY
+97% vs US
2 Bedroom
National avg: $1,175
$2,328/mo
↑ 14.1% YoY
+98% vs US
3 Bedroom
National avg: $1,525
$3,043/mo
↑ 12.0% YoY
+100% vs US
4 Bedroom
National avg: $1,756
$3,371/mo
↑ 11.5% YoY
+92% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,474 | $1,676 | +$202 (+13.7%) |
| 1 Bedroom | $1,654 | $1,889 | +$235 (+14.2%) |
| 2 Bedroom | $2,040 | $2,328 | +$288 (+14.1%) |
| 3 Bedroom | $2,717 | $3,043 | +$326 (+12.0%) |
| 4 Bedroom | $3,023 | $3,371 | +$348 (+11.5%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$75,560
$6,297/month gross
Required annual income for 2 BR
$93,120
$7,760/month gross
Other Counties in New Jersey
Cumberland County
1 BR: $1,375/mo
Morris County
1 BR: $1,822/mo
Middlesex County
1 BR: $1,978/mo
Somerset County
1 BR: $1,978/mo
Ocean County
1 BR: $1,889/mo
Cape May County
1 BR: $1,366/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.