$2,800 Per Month
- 2 Beds
- 2.5 Baths
- 1,288 Sq Ft
- Townhouse for Rent
3704 Fenwick Ln, Mount Laurel, NJ 08054
3704 Fenwick Ln, Mount Laurel, NJ 08054
Frequently Asked Questions
How much does it cost to rent a townhouse in Mount Laurel, NJ?
The median rent for a townhouse in Mount Laurel, NJ is $3,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Mount Laurel, NJ?
To comfortably afford the median rent in Mount Laurel, NJ, a household needs to earn roughly $96,000 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 $2,400 per month in Mount Laurel, NJ, renters typically need to show $7,200 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 Mount Laurel, NJ?
In Mount Laurel, NJ, the price-to-rent ratio is 13.2, 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.
