Apartments in Dupont Complex Carneys Point

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9
$1,950
12 West Main Street, Unit 2
Penns Grove, NJ
3 BR | Available Now
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Dupont Complex
10
$1,500
135 North Broad
135 N Broad St Pennsgrove, NJ
3 BR | Jun. 1, 2024
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Dupont Complex
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Carneys Point:
May Rent Report

Welcome to the May 2024 Carneys Point Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Carneys Point rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Carneys Point and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Carneys Point average rent prices in the chart below.

Monthly Rent Report

$2,150
$1,610
$1,080
$540
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Carneys Point Rent Prices Decrease From April to May

Carneys Point rent prices decreased over the last month. From April to May, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Carneys Point one-bedroom apartments currently stands at $704.0.

When we take a look at the two-bedroom comparison from April to May, Carneys Point experienced a -14.33% decrease for the price of a two-bedroom apartment. The rent price for a Carneys Point two-bedroom apartments currently stands at $1,734.0.

May Prices: Carneys Point vs. Surrounding Areas

Rent Prices in Carneys Point and Surrounding Areas

Rent prices have decreased in Carneys Point over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Carneys Point suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Carneys Point suburbs

  • Rents did not decrease in any of the Carneys Point suburbs.

May 2024 Pricing Trends: Carneys Point vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Carneys Point Rent Prices More Affordable Than Major Cities

Rent growth in Carneys Point over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Carneys Point average rent prices appear to be relatively affordable for local residents.

The price for a Carneys Point one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Carneys Point and surrounding area rent prices, take a look at the complete data set below.

Data set for Carneys Point and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.