$2,200 Per Month
- 3 Beds
- 1 Bath
- 1,642 Sq Ft
- Condo for Rent
840 Cumberland St Unit 2, Gloucester City, NJ 08030
840 Cumberland St Unit 2, Gloucester City, NJ 08030
Frequently Asked Questions
How much does it cost to rent a condo in Gloucester City, NJ?
The median rent for a condo in Gloucester City, NJ is $1,775 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Gloucester City, NJ?
To comfortably afford the median rent in Gloucester City, NJ, a household needs to earn roughly $72,000 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 $1,800 per month in Gloucester City, NJ, renters typically need to show $5,400 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 Gloucester City, NJ?
In Gloucester City, NJ, the price-to-rent ratio is 10.9, 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 Gloucester City, NJ are best for renting a condo?
The best neighborhood for renting in Gloucester City, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include South Philadelphia East, Dickinson Square West, Queen Village, South Philadelphia West and Passyunk Square, each with its own character and price range.
