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Studio Apartment for Rent in Matawan, NJ

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    Starting at $1,975 Per Month

    • Studio - 1 Bed

    3996 Highway 516, Matawan, NJ 07747

    Welcome to Old Bridge Town Center, where comfort, convenience, and modern living come together in the heart of Old Bridge.Our spacious 1-bedroom, 1-bathroom residences feature open-concept floor plans, hardwood flooring, fully equipped kitchens with island seating, in-unit washer and dryer, central air conditioning, and generous closet space. Designed for both comfort and functionality,

    Old Bridge Town Center

    3996 Highway 516, Matawan, NJ 07747

Why Live in Matawan

Matawan, New Jersey, located along the Raritan Bayshore, is a suburban community known for its convenient location and well-rated schools, including Matawan High School, Matawan Middle School, and Matawan Elementary School. The area is rich in history and natural beauty, with lakes, streams, and creeks surrounding the town. Memorial Park at the entrance of Matawan offers shaded paths and historical monuments, including tributes to World War I veterans and a plaque commemorating the 1916 shark attack that inspired the film Jaws. The Henry Hudson Trail also runs through the town, providing scenic routes for walking and biking.

Matawan features a variety of home styles, including Colonial Revivals, bungalows, ranch-style homes, and Queen Anne houses, reflecting its historical roots. The community is known for its suburban character, with residential streets lined with homes of all sizes. For dining, Matawan and neighboring Aberdeen offer a range of options, from Sicilian-style pizza at Denino’s Pizza Place to Indian cuisine at Hyderabad Spice and traditional Chinese dim sum at West Lake. The Aberdeen Town Square Center serves as a retail hub with eateries and grocery stores like Stop & Shop and ShopRite.

Commuters benefit from Matawan's proximity to major transportation routes, including the Garden State Parkway, NJ Transit buses to Port Authority, and trains to New York Penn Station, making New York City accessible within an hour. The beaches of Sea Bright are also just a 30-minute drive away, providing additional recreational opportunities.

Frequently Asked Questions

How much does it cost to rent a home in Matawan, NJ?
The median rent for a home in Matawan, NJ is $2,637 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 Matawan, NJ?
To comfortably afford the median rent in Matawan, NJ, a household needs to earn roughly $105,480 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 $2,637 per month in Matawan, NJ, renters typically need to show $7,911 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 Matawan, NJ?
In Matawan, NJ, the price-to-rent ratio is 17.1, 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
$2,637
Median Single Family Home Rent
$3,500
Median Townhouse Rent
$3,279
Median Condo Rent
$3,076
How to Rent a Home