Rent in Allentown, NJ
A 2-bedroom in Allentown, NJ (ZIP 08501) typically rents for about $1,698 a month, with a range of $1,456–$1,940. Owner-occupied homes in Monmouth County pay about 1.65% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,420 | $1,420–$1,671 | 1 |
| 1 bed | $1,444 | $1,318–$1,570 | 1 |
| 2 beds | $1,698 | $1,456–$1,940 | 1 |
| 3 beds | $2,371 | $2,271–$2,470 | 1 |
| 4 beds | $2,730 | $2,730–$3,241 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Allentown ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Allentown, NJ?
- About $1,698 a month: the median of the typical rents in 1 ZIP code, which range from $1,456–$1,940. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Allentown, NJ?
- About $1,444 a month: the median of the typical rents in 1 ZIP code, which range from $1,318–$1,570. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Allentown, NJ?
- About $2,371 a month: the median of the typical rents in 1 ZIP code, which range from $2,271–$2,470. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Allentown, NJ?
- About $1,420 a month: the median of the typical rents in 1 ZIP code, which range from $1,420–$1,671. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Allentown, NJ?
- About $2,730 a month: the median of the typical rents in 1 ZIP code, which range from $2,730–$3,241. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Allentown, NJ?
- Owner-occupied homes in Monmouth County pay a typical 1.65% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Allentown rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).