Rentometer, Inc. | Data as of 10/22/2025
Franklin Park, New Jersey, offers a vibrant rental market that appeals to young professionals, families, and commuters alike. Nestled in Somerset County, the area blends suburban tranquility with convenient access to major transportation corridors, including nearby Route 27 and the NJ Transit Raritan Valley Line. Residents enjoy proximity to the scenic Raritan River, the expansive Oak Hill Park, and the cultural amenities of downtown Somerville, making it an attractive spot for those seeking both outdoor recreation and a lively community atmosphere.
The rental landscape in Franklin Park is dominated by wellâmaintained apartment communities, providing a range of floor plans to suit varied lifestyles. Oneâbedroom apartments typically rent in the $2100 range, while twoâbedroom units average around the $2600 range, reflecting the strong demand for spacious yet affordable living spaces. For larger households, threeâbedroom apartments often command rents near the $3300 level, offering ample room for families or homeâbased work setups. These price points align with the areaâs reputation for quality housing, modern amenities, and responsive property management.
Beyond the apartments, Franklin Park benefits from its close ties to local attractions such as the historic Raritan Valley community events, the nearby Rutgers UniversityâNew Brunswick campus, and a variety of dining and shopping options along East Main Street. The neighborhoodâs blend of convenience, green spaces, and a welcoming atmosphere continues to make it a soughtâafter destination for renters looking to experience the best of New Jerseyâs suburban charm.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $2,136 | $2,090 | $1,340 - $2,660 | $1,925 - $2,345 |
| Apartment | 2 Bedroom | $2,634 | $2,490 | $2,245 - $3,515 | $2,400 - $2,895 |
| Apartment | 3 Bedroom | $3,300 | $3,300 | $3,100 - $3,500 | $3,300 - $3,500 |
In the current period, the average rent in Franklin Park was $2,137 for 1 Bedroom, $2,634 for 2 Bedroom, and $3,300 for 3 Bedroom.
Data provided by Rentometer, Inc.