Rent by ZIP · Sussex County
Rent in Franklin, NJ 07416
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,990 (+3.1% vs FY2026). Renters in this ZIP code pay a median $1,381 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,460 | $1,400 | +4.3% | $1,314–1,606 | – |
| 1 bedroom | $1,640 | $1,600 | +2.5% | $1,476–1,804 | $1,310 ±$176 |
| 2 bedrooms | $1,990 | $1,930 | +3.1% | $1,791–2,189 | $1,547 ±$157 |
| 3 bedrooms | $2,490 | $2,430 | +2.5% | $2,241–2,739 | $1,814 ±$142 |
| 4 bedrooms | $2,830 | $2,760 | +2.5% | $2,547–3,113 | – |
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 07416
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 |
|---|---|---|---|
| 07417 | Franklin Lakes | $3,420 | $3,338 |
| 07419 | Hamburg | $2,340 | $1,831 |
| 07420 | Haskell | $2,200 | $1,837 |
| 07421 | Hewitt | $2,820 | $2,047 |
| 07410 | Fair Lawn | $2,460 | $2,051 |
| 07422 | Highland Lakes | $2,350 | $2,425 |
Fair Market Rents across Sussex 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.