$2,500 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
4 Preston Ave Unit 2, Cranford, NJ 07016
Property Id: 2742858 New kitchen and carpets , freshly painted. Quiet neighborhood . Backyard. Basement storage. Call
Frequently Asked Questions
How much does it cost to rent a condo in Cranford, NJ?
The median rent for a condo in Cranford, NJ is $2,625 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Cranford, NJ?
To comfortably afford the median rent in Cranford, NJ, a household needs to earn roughly $111,000 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 $2,775 per month in Cranford, NJ, renters typically need to show $8,325 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 Cranford, NJ?
In Cranford, NJ, the price-to-rent ratio is 23.7, 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.
What neighborhoods in Cranford, NJ are best for renting a condo?
The best neighborhood for renting in Cranford, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Elmora, Downtown Elizabeth, Westminster and Bayway, each with its own character and price range.
