Rent by ZIP · Morris County
Rent in Budd Lake, NJ 07828
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,050 (+2% vs FY2026). Renters in this ZIP code pay a median $1,587 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,500 | $1,470 | +2% | $1,350–1,650 | $1,454 ±$184 |
| 1 bedroom | $1,700 | $1,660 | +2.4% | $1,530–1,870 | $1,542 ±$100 |
| 2 bedrooms | $2,050 | $2,010 | +2% | $1,845–2,255 | $1,707 ±$108 |
| 3 bedrooms | $2,560 | $2,520 | +1.6% | $2,304–2,816 | $1,714 ±$567 |
| 4 bedrooms | $2,930 | $2,860 | +2.4% | $2,637–3,223 | – |
Small Area FMRs for the Newark, NJ HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. 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 07828
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 |
|---|---|---|---|
| 07827 | Montague | $1,990 | – |
| 07826 | Branchville | $2,320 | $1,864 |
| 07830 | Califon | $2,370 | – |
| 07825 | Blairstown | $2,360 | $1,795 |
| 07832 | Columbia | $2,520 | $1,656 |
| 07823 | Belvidere | $1,710 | $998 |
Fair Market Rents across Morris 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.