$1,650 Per Month
- 2 Beds
- 1 Bath
- 1,000 Sq Ft
- House for Rent
2 W Park Ave Unit B, Penns Grove, NJ 08069
Cute 2 bedroom 1 bath rancher with off street parking in Penns Grove.
Irene Bucher Colonial Realty Company
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 $1,499 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while 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 $59,960 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 $1,499 per month in Penns Grove, NJ, renters typically need to show $4,497 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 13.7, 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 Brandywine Village, Downtown Wilmington, Baynard Village, South Wilmington and Triangle, each with its own character and price range.
