Average rental prices for Highland Park, NJ
Updated: Dec 30, 2020
As professional property managers, we often get asked by clients or potential clients what houses or apartments can rent for in certain towns. The numbers can obviously vary based on location, condition, size, etc but in this article we are going to do a quick and dirty overview of what the average rental prices are for Highland Park, NJ.
This article is for apartments and houses. We are not going to discuss luxury apartment buildings that charge absurd rental amounts. This is if you have a duplex, triplex, small apartment building or single family home. We manage plenty of property in Highland Park where we have a good feel for what your apartment can get in rent. Just as an FYI: this is also as of Dec 2020. Prices are likely to change in the coming years with inflation.
Average rental prices for a studio apartment in Highland Park, NJ: $1150
We have not seen many over the years, but the average prices we see for a studio apartment in Highland Park, NJ is about $1150. We have seen them as low as $1000 and as high as $1300. It depends on the size of the apartment, location, size and condition inside the unit. If you have a huge space and completely remodel it (we can help with that) then you can maybe get $1200+.
Average rental prices for a one bedroom apartment in Highland Park, NJ: $1300
The average price we have seen for one bedroom apartments in Highland Park, NJ is $1300. Depending on size, location and wow factor you can get up to $1400 and we have seen them as low as $1100 (we are guessing those are a shoebox sized apartment and/or very dated). Again, this is for a one bedroom in a multi-family property.
Average rental prices for a two bedroom apartment in Highland Park, NJ: $1650
Most of what we manage in Highland Park, NJ are two bedroom apartments. $1650 is the sweet spot. Some are as low as $1450 and some are as high as $1800 but we typically see them rent in that $1650-$1700 range.
Average rental prices for a three bedroom apartment in Highland Park, NJ: It varies
Okay so I know you didn't want to see that. However, the average price is going to depend if you are renting an apartment or a single family home. If you have a 3 bedroom apartment in Highland Park, NJ that you're looking to rent out, we see prices ranging from $1800-$2000. If you have a house in Highland Park, NJ that you want to rent out we have seen prices as high as $2600-$2700. That's why it varies.
What about those luxury apartments or townhomes or rare 4-5 bedroom units? If you need help with pricing those particular units, we can certainly help with that. Remember, we do property management in Highland Park, NJ so it's our job to know the pricing of anything you bring us. This article is meant to appeal to the masses and those aforementioned scenarios are a bit more niche, but something we can certainly help you price so you can rent your investment quickly.
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