Penns Grove renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Penns Grove, NJ map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Penns Grove is about $1,301 per month. This puts it in the 18th percentile compared to the state average cost of rent, which is $1,733. Households in Penns Grove have a median income of $2,940 per month so the average renter in Penns Grove is spending roughly 44% of their earnings on housing.

Nationally, and in Penns Grove, home values are the data point most closely correlated with the cost of rent. The median price of a home in Penns Grove is $179,362 right now, which is lower than cities nearby, meaning that rents in Penns Grove also tend to be lower versus these nearby cities.

Higher rent prices are common in the southeastern parts of Penns Grove while lower rent rates are often available in central areas.

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