Somerset County
FY 2026 HUD Fair Market Rents in New Jersey. Population: 344,978.
Fair Market Rents (2026)
Studio
National avg: $893
$1,804/mo
↑ 17.1% YoY
+102% vs US
1 Bedroom
National avg: $959
$1,978/mo
↑ 14.3% YoY
+106% vs US
2 Bedroom
National avg: $1,175
$2,486/mo
↑ 14.2% YoY
+112% vs US
3 Bedroom
National avg: $1,525
$2,981/mo
↑ 13.7% YoY
+95% vs US
4 Bedroom
National avg: $1,756
$3,296/mo
↑ 14.2% YoY
+88% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,540 | $1,804 | +$264 (+17.1%) |
| 1 Bedroom | $1,731 | $1,978 | +$247 (+14.3%) |
| 2 Bedroom | $2,176 | $2,486 | +$310 (+14.2%) |
| 3 Bedroom | $2,622 | $2,981 | +$359 (+13.7%) |
| 4 Bedroom | $2,885 | $3,296 | +$411 (+14.2%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$79,120
$6,593/month gross
Required annual income for 2 BR
$99,440
$8,287/month gross
Other Counties in New Jersey
Passaic County
1 BR: $2,024/mo
Bergen County
1 BR: $2,024/mo
Monmouth County
1 BR: $1,889/mo
Cumberland County
1 BR: $1,375/mo
Union County
1 BR: $1,822/mo
Morris County
1 BR: $1,822/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.