Rent by ZIP · Essex County
Rent in Montclair, NJ 07042
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,940 (+1.7% vs FY2026). Renters in this ZIP code pay a median $2,052 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $2,160 | $2,110 | +2.4% | $1,944–2,376 | $1,500 ±$352 |
| 1 bedroom | $2,440 | $2,390 | +2.1% | $2,196–2,684 | $1,805 ±$87 |
| 2 bedrooms | $2,940 | $2,890 | +1.7% | $2,646–3,234 | $2,242 ±$116 |
| 3 bedrooms | $3,670 | $3,620 | +1.4% | $3,303–4,037 | $2,512 ±$288 |
| 4 bedrooms | $4,200 | $4,110 | +2.2% | $3,780–4,620 | $3,500+ |
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 07042
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 |
|---|---|---|---|
| 07041 | Millburn | $2,630 | $2,047 |
| 07043 | Montclair | $3,190 | $2,670 |
| 07040 | Maplewood | $2,870 | $2,774 |
| 07044 | Verona | $2,870 | $2,297 |
| 07039 | Livingston | $3,350 | $2,454 |
| 07045 | Montville | $2,770 | – |
Fair Market Rents across Essex 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.