Last updated
Average Rent in Elizabeth 07202 & Rent Trends
Rent prices and market trends across 1 apartment community in Elizabeth 07202, Elizabeth NJ. Updated daily.
Market Average
$3,039/mo
Lowest Available
$2,918/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
8
available now
Elizabeth 07202 vs Elizabeth NJ Average
Elizabeth 07202 is more expensive the Elizabeth NJ average by $354/mo (13%). The citywide average is $2,685/mo across all neighborhoods.
Is Rent Going Up or Down in Elizabeth 07202?
As of May 2026, the average rent in Elizabeth 07202 is $3,039 per month across 1 apartment community and 8 available units.
The most affordable option is Vinty Apartments starting at $2,918/mo. By unit type, a 2-bedroom averages $3,039/mo.
Prices range from $2,918 to $3,118 per month. The most common price point is the $3,000 range, where 7 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 |
|---|---|---|---|---|
| Vinty Apartments | $2,918/mo | $3,039/mo | 8 | 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 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
$122,000/year
30 percent rule -- using our average rent of $3,039/mo.
Comfortable income
$146,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,918/mo), you need to earn at least $117,000/year.
Median household income in Elizabeth 07202 is $63,874 , about 56% 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) | $3,039 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,747/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 1 communities with daily-updated pricing and availability.