$2,100 Per Month
- 4 Beds
- 1 Bath
- 1,363 Sq Ft
- Townhouse for Rent
110 W Harmony St, Penns Grove, NJ 08069
Luke Romano Romano Realty
Frequently Asked Questions
How much does it cost to rent a home in Penns Grove, NJ?
The median rent for a home in Penns Grove, NJ is $2,100 per month, though prices vary by neighborhood, size, and property type. As of May 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 Penns Grove, NJ?
To comfortably afford the median rent in Penns Grove, NJ, a household needs to earn roughly $84,000 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 $2,100 per month in Penns Grove, NJ, renters typically need to show $6,300 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 Penns Grove, NJ?
In Penns Grove, NJ, the price-to-rent ratio is 9.3, 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 Penns Grove, NJ are best for renting a home?
The best neighborhood for renting in Penns Grove, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Wilmington, Northwest Wilmington, Baynard Village, South Wilmington and Cool Spring-Tilton Park, each with its own character and price range.
