Rentometer, Inc. | Data as of 10/23/2025
New Providence, a charming city in New Jersey, offers a vibrant rental landscape that blends suburban serenity with easy access to metropolitan amenities. The community is known for its tree‑lined streets, historic downtown, and proximity to cultural attractions such as the Museum of Early Southern Decorative Arts and the scenic Watchung Mountains. These features make the area especially appealing to young professionals, families, and retirees seeking a balanced lifestyle within a well‑connected commuter corridor to New York City and Newark.
Apartment living dominates the local market, with a diverse selection ranging from modern one‑bedroom units to spacious two‑bedroom layouts. Renters can expect average rates in the $1900s for a comfortable one‑bedroom apartment, while two‑bedroom homes typically fall within the $2600 range, reflecting the city’s strong demand and high quality of life. Residents enjoy convenient access to reputable schools, bustling cafés, and a variety of parks—including the popular Memorial Park—providing ample recreational options year‑round.
Convenient transportation hubs such as the New Providence train station connect commuters to major job centers, while nearby shopping districts and dining establishments add everyday convenience. Whether you’re searching for a sleek studio near Main Street or a family‑friendly two‑bedroom near the parkways, New Providence’s rental market delivers a blend of affordability, convenience, and community charm that continues to attract a diverse and growing tenant base.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,920 | $1,919 | $1,850 - $1,994 | $1,895 - $1,994 |
| Apartment | 2 Bedroom | $2,655 | $2,419 | $1,290 - $4,800 | $2,100 - $3,100 |
In the current period, the average rent in New Providence was
$1,921 for 1 Bedroom, and
$2,655 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.