FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 07028
0.86ratio
FMR$4,600
Market$5,370
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.86
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Glen Ridge, NJ fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Glen Ridge, NJ is $3,220 a month. That is up 9.9% from $2,930 in FY 2026. Glen Ridge 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 Glen Ridge is 44% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Glen Ridge, NJ
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,140
$2,360
+10.3%
$2,124–$2,596
1BR
$2,420
$2,670
+10.3%
$2,403–$2,937
2BR
$2,930
$3,220
+9.9%
$2,898–$3,542
3BR
$3,670
$4,020
+9.5%
$3,618–$4,422
4BR
$4,170
$4,600
+10.3%
$4,140–$5,060
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Glen Ridge, NJ
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,360
$2,670
$3,220
$4,020
$4,600
FY 2026
$2,140
$2,420
$2,930
$3,670
$4,170
FY 2025
$1,960
$2,240
$2,710
$3,410
$3,880
FY 2024
$1,740
$2,010
$2,420
$3,060
$3,540
FY 2023
$1,420
$1,680
$2,020
$2,560
$3,010
Questions about Glen Ridge, NJ rents
How much will Section 8 pay for a two-bedroom in Glen Ridge, 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 $3,220 it would be $2,898 to $3,542. 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 Glen Ridge, NJ in?
Glen Ridge, 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 Glen Ridge, NJ for FY 2027?
The two-bedroom FMR rose 9.9%, from $2,930 in FY 2026 to $3,220 in FY 2027. Since FY 2023 it has risen 59.4%.
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