Rent in Somerset, NJ
Across Somerset's 2 ZIP codes, a 2-bedroom typically rents for about $2,407 a month, with figures from $2,190–$2,623. The highest typical rent is in 08875 ($2,623) and the lowest in 08873 ($2,190). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. 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 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,901 | $1,848–$1,953 | 2 |
| 1 bed | $1,982 | $1,860–$2,103 | 2 |
| 2 beds | $2,407 | $2,190–$2,623 | 2 |
| 3 beds | $2,839 | $2,552–$3,125 | 2 |
| 4 beds | $2,930 | $2,352–$3,508 | 2 |
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).
Somerset ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Somerset, NJ?
- About $2,407 a month: the median of the typical rents in 2 ZIP codes, which range from $2,190–$2,623. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Somerset, NJ?
- About $1,982 a month: the median of the typical rents in 2 ZIP codes, which range from $1,860–$2,103. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Somerset, NJ?
- About $2,839 a month: the median of the typical rents in 2 ZIP codes, which range from $2,552–$3,125. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Somerset, NJ?
- About $1,901 a month: the median of the typical rents in 2 ZIP codes, which range from $1,848–$1,953. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Somerset, NJ?
- About $2,930 a month: the median of the typical rents in 2 ZIP codes, which range from $2,352–$3,508. Figures are gross rent (rent plus tenant-paid utilities).
- Which Somerset ZIP code has the highest rent?
- For a 2-bedroom, 08875 has the highest typical rent at $2,623 a month, and 08873 the lowest at $2,190.
- What is the property tax rate in Somerset, 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 7.32% 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 Somerset rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).