Average Rent in Budd Lake, NJ (2026)
The average 1-bedroom rent in Budd Lake, NJ is $1,660/month as of 2026, based on HUD data across 1 ZIP codes. Rents have changed +8.7% year over year. Rents range from $1,660 to $1,660.
Average Rent · 1-Bedroom
$1,660/mo
Source: HUD Fair Market Rent · 1 zip codes
Year-over-Year
↑ +8.7%
Source: Apartment List, Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Budd Lake, NJ is $1,660/month according to HUD FY2026 Fair Market Rent data, covering 1 ZIP codes. Rents have increased 8.7% year-over-year. The average 1-bedroom rent in Budd Lake is 39% above the national average of $1,196/month.
Average rent in Budd Lake, NJ ranges from $1,660 to $1,660 across 1 ZIP codes.
Based on local market data, a fair rent increase in Budd Lake, NJ is approximately 8.7% for 2026. An increase above 8.7% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Budd Lake, NJ?
The average 1-bedroom rent in Budd Lake, NJ is $1,660/month as of 2026, based on HUD data across 1 ZIP codes. Rents across Budd Lake are relatively uniform, clustering around $1,660/month. To afford this at the 30% rule, a household would need approximately $66,400/year.
Is rent going up in Budd Lake?
Rents in Budd Lake have increased 8.7% year over year based on local market data. This is a notably high rate of increase, indicating strong upward rent pressure in Budd Lake.
What is a fair rent increase in Budd Lake?
Based on local market data, a rent increase around 8.7% is in line with the Budd Lake market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Budd Lake
+8.7%
Rents in Budd Lake are rising at +8.7% year-over-year.
⚠ Mixed signals
Market sources range from +1.2% to +21.9%
Why the range? Zillow ZORI tracks what landlords are asking for units (+21.9%), while Apartment List tracks what renters actually sign leases at (+1.2%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in Budd Lake right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Budd Lake?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Budd Lake typically rents for $1,470 – $1,752.
Rents above $2,015 are in the top 25% for this area.
A 1-bedroom in Budd Lake typically rents for $1,660 – $1,980.
Rents above $2,277 are in the top 25% for this area.
A 2-bedroom in Budd Lake typically rents for $2,010 – $2,396.
Rents above $2,755 are in the top 25% for this area.
A 3-bedroom in Budd Lake typically rents for $2,520 – $3,000.
Rents above $3,450 are in the top 25% for this area.
A 4-bedroom in Budd Lake typically rents for $2,860 – $3,409.
Rents above $3,920 are in the top 25% for this area.
Federal Rent Benchmarks for Budd Lake
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$1,470
HUD Fair Market Rent
1-Bedroom
$1,660
HUD Fair Market Rent
2-Bedroom
$2,010
HUD Fair Market Rent
3-Bedroom
$2,520
HUD Fair Market Rent
4-Bedroom
$2,860
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Budd Lake
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
HUD publishes a single Fair Market Rent for the entire Newark, NJ HUD Metro FMR Area metro area. For zip-level variation, the tool uses additional data sources including real-time comparable listings and local market indices.
All zip codes in Budd Lake share the same county-level HUD Fair Market Rent ($1,660 for 1-BR). Click any zip for SAFMR-specific rates.
County-level FMR shown in city summary above.
How Does Budd Lake Compare?
Questions about rent in Budd Lake
What is the average 1-bedroom rent in Budd Lake, NJ?
The average 1-bedroom fair market rent in Budd Lake, NJ is $1,660/month as of 2026, based on HUD rent data across 1 ZIP codes in the city. This is 39% above the national average of $1,196/month. Rents range from $1,660 to $1,660 depending on ZIP code.
What is a fair rent increase in Budd Lake?
A rent increase up to about 8.7% is broadly in line with the recent market trend in Budd Lake. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $1,660/month.
Are rents going up or down in Budd Lake?
Rents in Budd Lake have increased 8.7% year over year based on local market data. This reflects local market conditions across 1 ZIP codes in the Newark, NJ HUD Metro FMR Area area.
How much do rents vary across Budd Lake?
1-bedroom rents across Budd Lake range from $1,660 to $1,660 on this page, a $0/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Budd Lake?
We could not identify a city-specific rent cap for Budd Lake. Landlords must still follow applicable state and local notice rules before raising rent at lease renewal. Requirements vary — check your state's landlord-tenant statute for specifics on notice periods and timing.
How much should I spend on rent in Budd Lake?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Budd Lake at $1,660/month, a household would need approximately $66,400/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
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Renter Tools
Browse Budd Lake ZIP Codes
See rent data by ZIP code in this city.
Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in New Jersey →
See notice rules, caps, and tenant protections in New Jersey.
- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →