Skip to main content
Loading page
NJ/Essex County/Elizabeth

Elizabeth, NJ

CitySAFMR
Essex County
Found 4 ZIPs
Zillow

City Median Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,460 – $1,690$1,590 – $1,860
1 BR$1,640 – $1,910$1,650 – $2,100
2 BR$1,990 – $2,300$2,190 – $2,530
3 BR$2,490 – $2,870$2,730 – $3,160
4 BR$2,830 – $3,280$2,830 – $3,610
5 BR$3,536Not available
6 BR$4,067Not available
7 BR$4,677Not available
8 BR$5,378Not available

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
2
2
0.60-0.97
1 BR
1
1
1
1
0.76-0.99
2 BR
3
0.79-0.94
3 BR
3
0.78-0.89
4 BR
1
1
1
1
0.82-1.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Elizabeth, NJ fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 4 ZIP codes in Elizabeth, NJ ranges from $1,990 to $2,300 a month, with a median of $2,155. That is up 4.9% from $2,055 in FY 2026. Elizabeth is in the Newark, NJ HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,233. The median county two-bedroom FMR in New Jersey is $2,233, so Elizabeth is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Elizabeth, NJ
BedroomsFY 2027Change90–110% range
Studio$1,580+5.0%$1,422–$1,738
1BR$1,785+5.3%$1,607–$1,964
2BR$2,155+4.9%$1,940–$2,371
3BR$2,690+4.5%$2,421–$2,959
4BR$3,075+5.1%$2,768–$3,383

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Elizabeth, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,580$1,785$2,155$2,690$3,075
FY 2026$1,505$1,695$2,055$2,575$2,925
FY 2025$1,385$1,575$1,910$2,405$2,735
FY 2024$1,250$1,440$1,735$2,195$2,535
FY 2023$1,050$1,245$1,490$1,890$2,225

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
07207$2,300+6.7%
07202$2,180+1.2%
07208$2,130−1.2%
07201$1,990−7.7%

Questions about Elizabeth, NJ rents

How much will Section 8 pay for a two-bedroom in Elizabeth, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,233, which applies unless the housing authority uses Small Area FMRs, that basic range is $2,010 to $2,456 a month; under the ZIP-level Small Area FMR of $2,155 it would be $1,940 to $2,371. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Elizabeth, NJ in?

Elizabeth, NJ is in the Newark, NJ HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,233.

How much did fair market rent change in Elizabeth, NJ for FY 2027?

The two-bedroom FMR rose 4.9%, from $2,055 in FY 2026 to $2,155 in FY 2027. Since FY 2023 it has risen 44.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNJ statewide rentsWhat is SAFMR?Data sources