Last updated
Average Rent in Somerset, NJ & Rent Trends
Rent prices and market trends across 1 apartment community in Somerset, NJ. Updated daily.
Market Average
$2,399/mo
Lowest Available
$2,399/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
1
available now
Is Rent Going Up or Down in Somerset, NJ?
As of September 2026, the average rent in Somerset, NJ is $2,399 per month across 1 apartment community and 1 available units.
The most affordable option is The Arbors at Franklin Apartments starting at $2,399/mo. By unit type, a 3-bedroom averages $2,399/mo.
Prices range from $2,399 to $2,399 per month. The most common price point is the $2,200 range, where 1 units are currently listed.
Rent by Bedroom Type in Somerset, NJ
Rent Prices by Apartment in Somerset, NJ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Arbors at Franklin Apartments | $2,399/mo | $2,399/mo | 1 | 4 |
Frequently Asked Questions About Rent in Somerset, NJ
What is the average rent in Somerset, NJ?
Is rent going up or down in Somerset, NJ?
What is the cheapest apartment in Somerset, NJ?
How many apartments are available in Somerset, NJ?
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
$96,000/year
Based on the 30 percent rule, using our tracked average rent of $2,399/mo.
Comfortable income
$115,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
Median household income in Somerset, NJ is $113,603 , about 1% 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) | $2,399 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $7,107/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.
Google Search Trends for Somerset, NJ Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Somerset, NJ Apartments
Browse all 1 communities with daily-updated pricing and availability.