Rent in Elizabeth, NJ
Across Elizabeth's 4 ZIP codes, a 2-bedroom typically rents for about $1,648 a month, with figures from $1,513–$2,233. The highest typical rent is in 07207 ($2,233) and the lowest in 07201 ($1,513). 3 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Union County pay about 1.89% 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 | $1,146 | $1,076–$1,637 | 4 |
| 1 bed | $1,251 | $1,224–$1,850 | 4 |
| 2 beds | $1,648 | $1,513–$2,233 | 4 |
| 3 beds | $2,006 | $1,924–$2,785 | 4 |
| 4 beds | $2,476 | $2,243–$3,188 | 4 |
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).
Elizabeth ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Elizabeth, NJ?
- About $1,648 a month: the median of the typical rents in 4 ZIP codes, which range from $1,513–$2,233. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Elizabeth, NJ?
- About $1,251 a month: the median of the typical rents in 4 ZIP codes, which range from $1,224–$1,850. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Elizabeth, NJ?
- About $2,006 a month: the median of the typical rents in 4 ZIP codes, which range from $1,924–$2,785. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Elizabeth, NJ?
- About $1,146 a month: the median of the typical rents in 4 ZIP codes, which range from $1,076–$1,637. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Elizabeth, NJ?
- About $2,476 a month: the median of the typical rents in 4 ZIP codes, which range from $2,243–$3,188. Figures are gross rent (rent plus tenant-paid utilities).
- Which Elizabeth ZIP code has the highest rent?
- For a 2-bedroom, 07207 has the highest typical rent at $2,233 a month, and 07201 the lowest at $1,513.
- What is the property tax rate in Elizabeth, NJ?
- Owner-occupied homes in Union County pay a typical 1.89% 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 Elizabeth rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).