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Typical Rent in 07208 — Elizabeth, NJ
The typical 1-bedroom rent in 07208 (Elizabeth, NJ) is $1,980/month as of 2026, based on 4 data sources. Rents have risen 0.7% year over year, so an increase above 0.7% exceeds the local market trend. Studio: $1,500. 2-bedroom: $2,050.
Rents in Elizabeth have changed approximately -0.4% – +5.6% over the past year based on local market data. A rent increase above 5.6% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,980/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 07208 (Elizabeth, NJ) is $1,690 for FY2026.
Rents in 07208 have increased 0.7% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Elizabeth (07208) is approximately 0.7% for 2026. The typical 1-bedroom rent is $1,980/month. Any increase significantly above 0.7% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 07208 (Elizabeth)?
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 07208 (Elizabeth) typically rents for $1,500 – $1,752.
Rents above $2,015 are in the top 25% for this area.
A 1-bedroom in 07208 (Elizabeth) typically rents for $1,690 – $1,980.
Rents above $2,277 are in the top 25% for this area.
A 2-bedroom in 07208 (Elizabeth) typically rents for $2,050 – $2,396.
Rents above $2,755 are in the top 25% for this area.
A 3-bedroom in 07208 (Elizabeth) typically rents for $2,570 – $3,000.
Rents above $3,450 are in the top 25% for this area.
A 4-bedroom in 07208 (Elizabeth) typically rents for $2,920 – $3,409.
Rents above $3,920 are in the top 25% for this area.
Current Asking Rents in 07208
What are apartments actually renting for near 07208? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Elizabeth, NJ
+0.7%
Rents in 07208 (Elizabeth) are rising at +0.7% year-over-year.
ℹ Limited data
Market sources range from -0.4% to +5.6%
Sources: Apartment List, HUD Fair Market Rent
Federal Rent Benchmarks for 07208
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Newark, NJ HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,500 | $1,752 |
| 1-Bedroom | $1,690 | $1,980 |
| 2-Bedroom | $2,050 | $2,396 |
| 3-Bedroom | $2,570 | $3,000 |
| 4-Bedroom | $2,920 | $3,409 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 07208
What is the average 1-bedroom rent in 07208?
The typical 1-bedroom rent in 07208 (Elizabeth, NJ) is $1,980/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,500 and 2-bedroom rent at $2,050.
What is a fair rent increase in 07208?
A rent increase up to about 0.7% is in line with the recent local market trend in 07208. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 07208?
Rents in 07208 have risen 0.7% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 07208?
On this page, studio rent in 07208 is $1,500/month and 2-bedroom rent is $2,050/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 07208 ($1,690/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Elizabeth, NJ
Nearby Areas
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 →