Rent in Basking Ridge, NJ
A 2-bedroom in Basking Ridge, NJ (ZIP 07920) typically rents for about $2,522 a month, with a range of $2,522–$2,623. Owner-occupied homes in Somerset County pay about 1.81% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,953 | $1,953 | 1 |
| 1 bed | $2,103 | $2,103 | 1 |
| 2 beds | $2,522 | $2,522–$2,623 | 1 |
| 3 beds | $3,388 | $3,125–$3,388 | 1 |
| 4 beds | $3,508 | $3,508 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Basking Ridge ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Basking Ridge, NJ?
- About $2,522 a month: the median of the typical rents in 1 ZIP code, which range from $2,522–$2,623. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Basking Ridge, NJ?
- About $2,103 a month: the median of the typical rents in 1 ZIP code, which range from $2,103. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Basking Ridge, NJ?
- About $3,388 a month: the median of the typical rents in 1 ZIP code, which range from $3,125–$3,388. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Basking Ridge, NJ?
- About $1,953 a month: the median of the typical rents in 1 ZIP code, which range from $1,953. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Basking Ridge, NJ?
- About $3,508 a month: the median of the typical rents in 1 ZIP code, which range from $3,508. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Basking Ridge, NJ?
- Owner-occupied homes in Somerset County pay a typical 1.81% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Basking Ridge rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).