|Rent Price||May||vs Last Month|
|1 bed apartments||$1,450||-2.9%|
|2 bed apartments||$1,825||+0.5%|
|4+ bed apartments||$1,250||+4.2%|
|Rent Type Price||May||vs Last Month|
Over the May 2020, the average rent for an apartment in/near South Orange, NJ increased by 0.4% to $1,588. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 2.9% to $1,450. Pricing for 2-bed apartment also increased by 0.5% and a place of this size will now cost you $1,825. We tend to note the rise of 4- and more bed apartment pricing. It increased by 4.2% and made it up to $1,250.
The median rent for an apartment in South Orange, NJ increased by 3.3% to $1,467. Statistics show that house rent price decreased by 5.7% this month making it up to $1,950.