Rentometer, Inc. | Data as of 12/16/2025
Palmyra, New Jersey offers a balanced rental landscape that blends historic charm with convenient suburban living. Situated along the scenic Delaware River and just a short bridge ride from Philadelphia, the city attracts a diverse mix of professionals, families, and students seeking easy access to urban amenities while enjoying a quieter residential setting. The downtown corridor features well‑preserved 19th‑century architecture, boutique shops, and riverside parks, creating an appealing backdrop for renters who value both culture and outdoor recreation. Neighborhoods such as Riverfront and Elmwood provide distinct vibes, from vibrant walkable streets to leafy, family‑friendly streetscapes, all within the city limits.
Rental options in Palmyra range from modest single‑family homes to modern apartments, catering to a variety of lifestyle preferences. Two‑bedroom apartments are particularly popular, with average rents hovering in the $1900s and median figures approaching the $2000 range, reflecting the city’s competitive yet affordable positioning within the broader New Jersey market. For those seeking more space, single‑family houses are also available, offering private yards and often a quieter street atmosphere.
The city’s strong transit connections, including nearby NJ Transit rail stations and commuter bus routes, make daily commutes to Newark, Trenton, and Philadelphia straightforward. Proximity to major highways, the Delaware River waterfront, and attractions such as the Palmyra Farmers Market and local historic sites further enhance the rental appeal. Whether you’re looking for a convenient apartment close to transit or a house with a backyard near top‑rated schools, Palmyra’s rental market delivers a welcoming blend of affordability, accessibility, and community character.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,935 | $1,990 | $1,690 - $2,125 | $1,690 - $2,125 |
In the current period, the average rent in Palmyra was
$1,851 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.