Rent in Budd Lake, NJ
A 2-bedroom in Budd Lake, NJ (ZIP 07828) typically rents for about $1,707 a month, with a range of $1,707–$2,233. Owner-occupied homes in Morris County pay about 1.72% 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 | $1,454 | $1,454–$1,637 | 1 |
| 1 bed | $1,542 | $1,542–$1,850 | 1 |
| 2 beds | $1,707 | $1,707–$2,233 | 1 |
| 3 beds | $1,714 | $1,714–$2,785 | 1 |
| 4 beds | $3,188 | $3,188 | 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).
Budd Lake ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Budd Lake, NJ?
- About $1,707 a month: the median of the typical rents in 1 ZIP code, which range from $1,707–$2,233. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Budd Lake, NJ?
- About $1,542 a month: the median of the typical rents in 1 ZIP code, which range from $1,542–$1,850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Budd Lake, NJ?
- About $1,714 a month: the median of the typical rents in 1 ZIP code, which range from $1,714–$2,785. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Budd Lake, NJ?
- About $1,454 a month: the median of the typical rents in 1 ZIP code, which range from $1,454–$1,637. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Budd Lake, NJ?
- About $3,188 a month: the median of the typical rents in 1 ZIP code, which range from $3,188. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Budd Lake, NJ?
- Owner-occupied homes in Morris County pay a typical 1.72% 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 Budd Lake rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).