Rent by ZIP · Union County
Rent in Fanwood, NJ 07023
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $3,130 (+2.3% vs FY2026). Renters in this ZIP code pay a median $2,446 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,300 | $2,240 | +2.7% | $2,070–2,530 | – |
| 1 bedroom | $2,590 | $2,530 | +2.4% | $2,331–2,849 | $2,091 ±$1,308 |
| 2 bedrooms | $3,130 | $3,060 | +2.3% | $2,817–3,443 | $2,232 ±$176 |
| 3 bedrooms | $3,900 | $3,830 | +1.8% | $3,510–4,290 | $3,500+ |
| 4 bedrooms | $4,470 | $4,350 | +2.8% | $4,023–4,917 | – |
Small Area FMRs for the Newark, NJ HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Newark, NJ HUD Metro FMR Area, 2 bedrooms: $2,233.
What renters pay in 07023
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 07022 | Fairview | $2,120 | $1,719 |
| 07024 | Fort Lee | $3,360 | $2,679 |
| 07021 | Essex Fells | $2,860 | $3,500+ |
| 07020 | Edgewater | $3,400 | $3,176 |
| 07026 | Garfield | $2,140 | $1,685 |
| 07027 | Garwood | $2,250 | $1,895 |
Fair Market Rents across Union County, NJ · All NJ counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.