$2,400 Per Month
- 2 Beds
- 2 Baths
- Townhouse for Rent
81 Fisher Dr Unit 81, Franklin Park, NJ 08823
Prachi Dharmadhikari
REWARDS REALTY LLC
Frequently Asked Questions
How much does it cost to rent a home in Franklin Park, NJ?
The median rent for a home in Franklin Park, NJ is $2,497 per month, though prices vary by neighborhood, size, and property type. As of July 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 Franklin Park, NJ?
To comfortably afford the median rent in Franklin Park, NJ, a household needs to earn roughly $99,880 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 $2,497 per month in Franklin Park, NJ, renters typically need to show $7,491 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 Franklin Park, NJ?
In Franklin Park, NJ, the price-to-rent ratio is 14.0, 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.
