Rent in Red Bank, NJ
A 2-bedroom in Red Bank, NJ (ZIP 07701) typically rents for about $2,368 a month, with a range of $2,116–$2,620. 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 | $1,656 | $1,391–$1,920 | 1 |
| 1 bed | $1,859 | $1,597–$2,120 | 1 |
| 2 beds | $2,368 | $2,116–$2,620 | 1 |
| 3 beds | $3,238 | $3,116–$3,360 | 1 |
| 4 beds | $3,051 | $2,381–$3,720 | 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) and Census ACS 5-year median gross rent (Dec 31, 2024).
Red Bank ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Red Bank, NJ?
- About $2,368 a month: the median of the typical rents in 1 ZIP code, which range from $2,116–$2,620. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Red Bank, NJ?
- About $1,859 a month: the median of the typical rents in 1 ZIP code, which range from $1,597–$2,120. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Red Bank, NJ?
- About $3,238 a month: the median of the typical rents in 1 ZIP code, which range from $3,116–$3,360. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Red Bank, NJ?
- About $1,656 a month: the median of the typical rents in 1 ZIP code, which range from $1,391–$1,920. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Red Bank, NJ?
- About $3,051 a month: the median of the typical rents in 1 ZIP code, which range from $2,381–$3,720. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Red Bank, 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 Red Bank rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026) and Census ACS 5-year median gross rent (Dec 31, 2024).