Cherry Hill, NJ
August 2026
08002,08003,08034
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,812 – $1,904 | -0.70% | 0.09% |
| 2-Bedroom | $2,202 – $2,385 | -9.35% | -1.77% |
| 3-Bedroom | $2,655 – $2,877 | -0.02% | 7.43% |
| 4-Bedroom | $2,888 – $2,986 | -0.10% | 4.88% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,840 – $1,934 | 0.60% | 2.53% |
| 2-Bedroom | $2,283 – $2,400 | 3.75% | 2.38% |
| 3-Bedroom | $2,792 – $3,025 | 0.81% | 7.62% |
| 4-Bedroom | $2,936 – $3,162 | 1.97% | 5.63% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,654 – $1,739 | -3.47% | 1.64% |
| 2-Bedroom | $2,198 – $2,343 | 2.60% | 4.43% |
| 3-Bedroom | $2,947 – $3,224 | 1.84% | 10.19% |
| 4-Bedroom | $3,317 – $3,594 | 1.98% | 6.02% |
In the Cherry Hill (08002, 08003, 08034) rental market, 1-bedroom apartments posted a 4.80% month-over-month increase, reaching a median of $1,838. This growth is more than double the 2.18% rise for 1-bedroom condos, emphasizing stronger momentum in apartment rents for smaller units.
Compared to other segments, 2-bedroom condos in Cherry Hill (08002, 08003, 08034) experienced a 2.95% month-over-month increase to $2,255, outpacing the 1.63% decline in 2-bedroom apartments, which stood at $2,150. Condos lead apartments by $105 in median rent for this category.
For larger homes, Cherry Hill (08002, 08003, 08034) rental trends show 3-bedroom single-family units rising 5.81% year-over-year to a median rent of $2,874. This annual increase exceeds the 3.95% gain for 3-bedroom condos and the 2.88% rise seen in 3-bedroom apartments.