How many apartments are available in Old Wayne on Rentable.co?

Rentable.co has over 4 apartments available near Old Wayne.

What is the average rent for a one-bedroom apartment in Old Wayne?

The average rent for a one-bedroom apartment near Old Wayne is around $2,677 per month.

What is the average rent for a two-bedroom apartment in Old Wayne?

The average rent for a two-bedroom apartment near Old Wayne is around $3,050 per month.

How many apartments are available in Cedar Grove, NJ on Rentable.co?

Rentable.co has over 260 apartments available in Cedar Grove.

What is the average rent for a one-bedroom apartment in Cedar Grove, NJ?

The average rent for a <a href='/cedar-grove-nj/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Cedar Grove is around $2,610 per month.

What is the average rent for a two-bedroom apartment in Cedar Grove, NJ?

The average rent for a <a href='/cedar-grove-nj/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Cedar Grove is around $3,390 per month.

How expensive is it to rent an apartment in Cedar Grove, NJ?

For a two-bedroom apartment in Cedar Grove, the average rent price is $3,390 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Cedar Grove, NJ?

Based on average rent prices in Cedar Grove, to afford a <a href='/cedar-grove-nj/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> you would need an annual household income of $104,000 to live comfortably.

Apartments in Old Wayne Cedar Grove

Cedar Grove:
May Rent Report

Welcome to the May 2024 Cedar Grove 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 Cedar Grove rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Cedar Grove 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 Cedar Grove average rent prices in the chart below.

Monthly Rent Report

$3,550

$2,660

$1,780

$890

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

Cedar Grove Rent Prices Increase From April to May

Cedar Grove rent prices increased over the last month. From April to May, the city experienced a 2.4% increase for the price of a one-bedroom apartment. The rent price for a Cedar Grove one-bedroom apartments currently stands at $2,641.0.

When we take a look at the two-bedroom comparison from April to May, Cedar Grove experienced a -0.12% decrease for the price of a two-bedroom apartment. The rent price for a Cedar Grove two-bedroom apartments currently stands at $3,399.0.

May Prices: Cedar Grove vs. Surrounding Areas

Rent Prices in Cedar Grove and Surrounding Areas

Rent prices have increased in Cedar Grove 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 Cedar Grove 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 Cedar Grove suburbs
Rents did not decrease in any of the Cedar Grove suburbs.

May 2024 Pricing Trends: Cedar Grove 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

$1,350

$2,700

$4,050

$5,400

Median Rent

Cedar Grove Rent Prices More Affordable Than Major Cities

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

The price for a Cedar Grove 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 Cedar Grove and surrounding area rent prices, take a look at the complete data set below.

Data set for Cedar Grove 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.