Best Places to Buy Rental Property in New Jersey (2026)

Price and rent point the same way in New Jersey: Camden, the cheapest city with enough data, also returns the most, 14.1 percent gross on a $145,000 median price and $1,700 in asking rent. Volume and yield part ways: Cherry Hill closes about 90 homes a month, more than any other city here, and ranks sixteenth on yield at 7.3 percent. For two of these cities the page also shows a confirmed-close median; in Trenton, 143 confirmed lease closes carry a median of $2,100 against a $2,100 asking median. The two samples are not paired, so the gap describes the samples, not the same homes. Measured against the whole state, these are cheap markets: a median of $356,745 here against $550,000 statewide. The table shows the 20 highest-yielding markets among 51 New Jersey cities meeting the coverage requirements; the yield range above describes the markets shown. Four more cities clear the closings bar but not the rental one and appear in a second table with entry price only.

The ranking

Gross yield here is an asking rental yield screen: twelve times the median asking rent over the median closed price, before taxes, insurance, vacancy, management or repairs. Sales use municipal boundaries. Rental listings use the associated city name and may cover a wider postal area. The ratio therefore compares related, but not perfectly matched, market samples, and a home bought at the median price does not necessarily earn the median rent. Confirmed-close medians appear where at least 30 confirmed lease closes were recorded in the window.

City by city

1. Camden, 14.1 percent gross

At $145,000 to buy and $1,700 a month to rent, Camden yields 14.1 percent gross on 281 tracked closings. Houses there closed at about $117 per square foot. See the Camden page for the property mix and the price band.

2. Trenton, 12.6 percent gross

Trenton's confirmed-close median, $2,100 on 143 closes, sits close to its $2,100 asking median; the samples are separate, so read it as agreement between two medians rather than a validated yield. The numbers: $200,600 median closed price across 373 closings, $2,100 median asking rent across 1,241 listings, 12.6 percent gross. The Trenton market page carries the monthly figures.

3. Whiting, 12.3 percent gross

Only 76 rental listings sit behind Whiting's $2,200 median; the yield is real but less settled than in cities with hundreds. The numbers: $214,000 median closed price across 238 closings, $2,200 median asking rent across 76 listings, 12.3 percent gross. Houses there closed at about $191 per square foot. Full detail is on the Whiting market page.

4. Atlantic City, 11.3 percent gross

Read Atlantic City's $2,300 rent as an apartment figure: 61 percent of its listings are apartments or condos, and the house median is $2,550. The numbers: $243,800 median closed price across 271 closings, $2,300 median asking rent across 385 listings, 11.3 percent gross. Full detail is on the Atlantic City market page.

5. Willingboro, 9.9 percent gross

Willingboro ranks fifth on yield but only ninth on entry price: the $2,900 median asking rent is doing the work, not a cheap purchase. The numbers: $350,000 median closed price across 209 closings, $2,900 median asking rent across 158 listings, 9.9 percent gross. Houses there closed at about $196 per square foot. The Willingboro market page carries the monthly figures.

6. Mays Landing, 9.6 percent gross

Only about 11 homes a month close in Mays Landing; the yield is attractive, the resale pool is not deep. Homes in Mays Landing closed at a median of $274,500 over the last twelve months and the median asking rent in the last twelve months was $2,200, a gross yield of 9.6 percent. Full detail is on the Mays Landing market page.

7. Williamstown, 9.6 percent gross

Homes in Williamstown closed at a median of $350,000 over the last twelve months and the median asking rent in the last twelve months was $2,800, a gross yield of 9.6 percent. See the Williamstown page for the property mix and the price band.

8. Fort Lee, 9.3 percent gross

Fort Lee also carries a confirmed-close median: 32 confirmed lease closes in the last twelve months have a median of $3,825, 12 percent above the $3,400 asking median. The two samples are not paired, so this describes the samples rather than the same homes. At $440,000 to buy and $3,400 a month to rent, Fort Lee yields 9.3 percent gross on 301 tracked closings. The Fort Lee market page carries the monthly figures.

9. Ewing, 9.0 percent gross

Rent is what puts Ewing ninth here; on price alone it would sit fourteenth of 20. Homes in Ewing closed at a median of $397,000 over the last six months and the median asking rent in the last twelve months was $2,975, a gross yield of 9.0 percent. Full detail is on the Ewing market page.

10. Millville, 8.3 percent gross

A low entry price does not carry Millville far: it is fifth cheapest on this list and tenth on yield, with rent of $1,750 against a $251,500 median price. Homes in Millville closed at a median of $251,500 over the last six months and the median asking rent in the last twelve months was $1,750, a gross yield of 8.3 percent. The Millville market page carries the monthly figures.

11. Sicklerville, 8.3 percent gross

The numbers: $363,490 median closed price across 355 closings, $2,500 median asking rent across 329 listings, 8.3 percent gross. Houses there closed at about $204 per square foot. See the Sicklerville page for the property mix and the price band.

12. Mount Laurel, 8.2 percent gross

The numbers: $365,000 median closed price across 456 closings, $2,500 median asking rent across 513 listings, 8.2 percent gross. Houses there closed at about $248 per square foot. The Mount Laurel market page carries the monthly figures.

13. Vineland, 8.0 percent gross

A low entry price does not carry Vineland far: it is seventh cheapest on this list and thirteenth on yield, with rent of $2,000 against a $299,000 median price. The numbers: $299,000 median closed price across 309 closings, $2,000 median asking rent across 128 listings, 8.0 percent gross. Full detail is on the Vineland market page.

14. Galloway, 7.7 percent gross

Galloway is cheaper than its yield rank suggests: eighth on price, fourteenth on yield, because a $335,000 home there rents for only $2,150. The numbers: $335,000 median closed price across 238 closings, $2,150 median asking rent across 53 listings, 7.7 percent gross. Full detail is on the Galloway market page.

15. Egg Harbor Township, 7.4 percent gross

Homes in Egg Harbor Township closed at a median of $372,800 over the last six months and the median asking rent in the last twelve months was $2,300, a gross yield of 7.4 percent. Houses there closed at about $224 per square foot. The Egg Harbor Township market page carries the monthly figures.

16. Cherry Hill, 7.3 percent gross

The numbers: $490,775 median closed price across 538 closings, $3,000 median asking rent across 409 listings, 7.3 percent gross. Houses there closed at about $254 per square foot. Full detail is on the Cherry Hill market page.

17. Somerset, 7.2 percent gross

Homes in Somerset closed at a median of $480,000 over the last twelve months and the median asking rent in the last twelve months was $2,900, a gross yield of 7.2 percent. The Somerset market page carries the monthly figures.

18. Freehold, 7.2 percent gross

At $491,000 to buy and $2,938 a month to rent, Freehold yields 7.2 percent gross on 158 tracked closings. See the Freehold page for the property mix and the price band.

19. Barnegat, 7.2 percent gross

At $485,000 to buy and $2,900 a month to rent, Barnegat yields 7.2 percent gross on 244 tracked closings. Full detail is on the Barnegat market page.

20. Hamilton, 7.2 percent gross

A low entry price does not carry Hamilton far: it is fifteenth cheapest on this list and twentieth on yield, with rent of $2,500 against a $419,000 median price. The numbers: $419,000 median closed price across 479 closings, $2,500 median asking rent across 141 listings, 7.2 percent gross. Full detail is on the Hamilton market page.

Priced, but too few rentals to rank

Resideline can price these cities but cannot yet rank them on rent: each has 100 or more closings and fewer than 50 rental listings in the window.

How this ranking is built

• •Cities: every New Jersey city where Resideline tracked at least 100 closings inside the municipal boundary in its reporting window (six or twelve months) and at least 50 rental listings under the city's name since October 3, 2025: 51 cities qualify and the table shows the 20 highest-yielding.
• •Prices: the median price homes closed at inside the city limits, from Resideline's tracked closings; the state comparison uses the statewide median of $550,000 across 54,900 closings.
• •Rents: the median advertised rent on rental listings Resideline tracked in the last twelve months, all property types, measured on the listings that carry the city's name (a postal footprint, wider than the city line in some places).
• •Confirmed-close medians: Observed rent blends two kinds of record: confirmed lease closes extracted from property records, and the final asking rent on listings that left Resideline tracking without a recorded close. Where a city has at least 30 confirmed closes in the window, their median is printed beside the asking figure; in the last twelve months about a quarter of Resideline's close episodes are confirmed closes. The asking and confirmed-close samples are separate, not paired, so a difference between their medians is not a measured gap on the same listings.
• •What is missing: taxes, insurance, vacancy, management and repairs, which turn a gross yield into a net one, and the unit mix, which differs between what sells and what rents.

Sources and related pages

• •Resideline tracked closings inside city limits (window per city, updated October 4, 2026) and rental listings since October 3, 2025; confirmed lease closes extracted from property records.
• •More New Jersey rankings: Cheapest cities to buy a house in New Jersey ranks the same kind of list with each city's price per square foot for houses, realized appreciation and days to contract beside the median, and Cap Rate by City ranks the New Jersey cities Resideline tracks by gross rental yield. The New Jersey housing market hub carries the statewide figures and the largest New Jersey markets by closings.
• •Asking rent vs observed rent compares live asking rents with final asking rents under that study's own definition; it says nothing about confirmed lease closes.

Prepared with Resideline's research pipeline and reviewed by Jeffrey Batista, Resideline's founder.