Best Places to Buy Rental Property in New Jersey (2026)
15 New Jersey cities ranked by entry price, $200,500 to $490,000, each with 100+ tracked closings inside the city limits.
There is no honest way to rank New Jersey cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out.
What this page measures, and what it does not
Every city below cleared at least 100 closings in its reporting window, which filters out markets too thin to read. They are ranked cheapest first by median closed price, from $200,500 to $490,000. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. New Jersey's statewide median closed price is $540,000 across 53,071 tracked closings.
The rankings
| City | Median closed price | Closings tracked | Window |
|---|---|---|---|
| Trenton | $200,500 | 344 | 6 months |
| Whiting | $212,500 | 357 | 6 months |
| Vineland | $300,000 | 306 | 6 months |
| Manchester | $325,000 | 265 | 6 months |
| Galloway | $339,900 | 185 | 6 months |
| Mount Laurel | $365,000 | 415 | 6 months |
| Egg Harbor Township | $374,990 | 396 | 6 months |
| Little Egg Harbor | $425,000 | 210 | 6 months |
| Fort Lee | $435,000 | 301 | 6 months |
| Monroe | $470,000 | 271 | 6 months |
| Cherry Hill | $480,000 | 489 | 6 months |
| Somerset | $480,000 | 254 | 12 months |
| Monroe Township | $480,000 | 641 | 6 months |
| Freehold | $489,000 | 159 | 12 months |
| Brick | $490,000 | 654 | 6 months |
1. Trenton, $200,500, 344 closings
At $200,500 the entry price is about 37 percent of the New Jersey median. Resideline tracked 344 closings there over the last last six months, roughly 57 a month. Full detail is on the Trenton market page.
2. Whiting, $212,500, 357 closings
At $212,500 the entry price is about 39 percent of the New Jersey median. Resideline tracked 357 closings there over the last last six months, roughly 60 a month. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Whiting market page.
3. Vineland, $300,000, 306 closings
At $300,000 the entry price is about 56 percent of the New Jersey median. Resideline tracked 306 closings there over the last last six months, roughly 51 a month. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Vineland market page.
4. Manchester, $325,000, 265 closings
At $325,000 the entry price is about 60 percent of the New Jersey median. Resideline tracked 265 closings there over the last last six months, roughly 44 a month. About 94 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Manchester market page.
5. Galloway, $339,900, 185 closings
At $339,900 the entry price is about 63 percent of the New Jersey median. Resideline tracked 185 closings there over the last last six months, roughly 31 a month. Full detail is on the Galloway market page.
6. Mount Laurel, $365,000, 415 closings
At $365,000 the entry price is about 68 percent of the New Jersey median. Resideline tracked 415 closings there over the last last six months, roughly 69 a month. Full detail is on the Mount Laurel market page.
7. Egg Harbor Township, $374,990, 396 closings
At $374,990 the entry price is about 69 percent of the New Jersey median. Resideline tracked 396 closings there over the last last six months, roughly 66 a month. Full detail is on the Egg Harbor Township market page.
8. Little Egg Harbor, $425,000, 210 closings
At $425,000 the entry price is about 79 percent of the New Jersey median. Resideline tracked 210 closings there over the last last six months, roughly 35 a month. About 92 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Little Egg Harbor market page.
9. Fort Lee, $435,000, 301 closings
At $435,000 the entry price is about 81 percent of the New Jersey median. Resideline tracked 301 closings there over the last last six months, roughly 50 a month. Full detail is on the Fort Lee market page.
10. Monroe, $470,000, 271 closings
At $470,000 the entry price is about 87 percent of the New Jersey median. Resideline tracked 271 closings there over the last last six months, roughly 45 a month. Full detail is on the Monroe market page.
11. Cherry Hill, $480,000, 489 closings
At $480,000 the entry price is about 89 percent of the New Jersey median. Resideline tracked 489 closings there over the last last six months, roughly 82 a month. Full detail is on the Cherry Hill market page.
12. Somerset, $480,000, 254 closings
At $480,000 the entry price is about 89 percent of the New Jersey median. Resideline tracked 254 closings there over the last last 12 months, roughly 21 a month. Full detail is on the Somerset market page.
13. Monroe Township, $480,000, 641 closings
At $480,000 the entry price is about 89 percent of the New Jersey median. Resideline tracked 641 closings there over the last last six months, roughly 107 a month. Full detail is on the Monroe Township market page.
14. Freehold, $489,000, 159 closings
At $489,000 the entry price is about 91 percent of the New Jersey median. Resideline tracked 159 closings there over the last last 12 months, roughly 13 a month. About 86 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Freehold market page.
15. Brick, $490,000, 654 closings
At $490,000 the entry price is about 91 percent of the New Jersey median. Resideline tracked 654 closings there over the last last six months, roughly 109 a month. About 84 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Brick market page.
How to use this list
Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.
Figures last updated August 23, 2026 from closings Resideline tracked.
Frequently Asked Questions
What is the cheapest New Jersey city to buy an investment property?
Of the 15 cities on this list, Trenton has the lowest median closed price at $200,500, measured across 344 closings tracked inside the city limits.
Which affordable New Jersey market has the most transaction volume?
Brick, with 654 tracked closings and a median closed price of $490,000. More closings means a deeper comparable set to price against.
Do these rankings include rent or cash flow figures?
No. Resideline does not have verified rent data for these cities, so this page ranks on entry price and transaction volume only. Publishing yields or cash-on-cash figures without rent data would be invention rather than analysis.
Do these figures cover the city or the wider postal area?
The city. Every median and count here describes closings inside the municipal boundary, which is usually a smaller and different footprint from the postal area that shares the name.
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