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Studio Apartment for Rent in Budd Lake, NJ

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    $1,619 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Mt. Olive - Budd Lake

    71 International Dr S, Budd Lake, NJ

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Mt. Olive - Budd Lake

    71 International Dr S, Budd Lake, NJ

Why Live in Budd Lake

Budd Lake, located in the heart of Mount Olive Township, NJ, is a picturesque community known for its natural beauty and outdoor activities. As the largest naturally formed lake in New Jersey, Budd Lake offers pristine waters and unspoiled shorelines, ideal for fishing, boating, and hiking. The town, home to over 10,000 residents, features a mix of converted summer homes and various architectural styles, including colonials, Cape Cods, ranch-style houses, and luxurious mansions. Residents enjoy lake life with activities like canoeing, kayaking, and paddleboarding at Budd Lake Beach Park, while Turkey Brook Park provides soccer fields, baseball, softball, and football facilities, along with tennis, volleyball, and basketball courts. The Pax Amicus Castle Theatre nearby offers community performances of Broadway and off-Broadway revivals. Dining options include the Budd Lake Diner, West Lake Take Out, and BJ's Sandwich Shop, catering to diverse tastes. The town is served by highly rated schools in the Mount Olive Township School District, including Mount Olive High School, Mount Olive Middle School, and Chester M. Stephens School. Commuters benefit from the town's proximity to major highways like Route 80 and I-287, with Newark Liberty International Airport 45 miles away and JFK Airport about 70 miles from Morris County. The Netcong NJ Transit station is conveniently located 3 miles from Budd Lake.

Frequently Asked Questions

How much does it cost to rent a home in Budd Lake, NJ?
The median rent for a home in Budd Lake, NJ is $1,619 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Budd Lake, NJ?
To comfortably afford the median rent in Budd Lake, NJ, a household needs to earn roughly $64,760 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,619 per month in Budd Lake, NJ, renters typically need to show $4,857 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Budd Lake, NJ?
In Budd Lake, NJ, the price-to-rent ratio is 32.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,619
Median Condo Rent
$1,619
How to Rent a Home