Renting in New Jersey can feel like a maze, but don’t worry—we’re here to break it down for you! Whether you're a first-time renter or just need a refresher, this guide will walk you through everything you need to know about securing a rental in NJ. We’ll cover the costs, the process, and even a little math (don’t panic, we’ll keep it simple).

The Truth About Renting in NJ

First things first—finding a rental isn’t just about picking a place and moving in. There are steps, paperwork, and upfront costs you need to be prepared for. Many renters are surprised by how much they need before getting the keys, so let’s clear things up from the start.

Step-by-Step Guide to Renting in NJ

1. Find Your Perfect Rental

Start by searching online, working with a real estate agent (which we highly recommend), or checking rental listings in your preferred area. Keep in mind that good rentals go fast, so be ready to act quickly!

2. Submit Your Application

Once you find a place you love, you’ll need to complete a rental application. Landlords usually require:

• A completed rental application form

• Proof of income (pay stubs, tax returns, or an employment letter)

• A credit check is often required by landlords, and some may have a minimum credit score requirement. An NTN Report is one of the best ways to provide your credit report, eviction history, and criminal background check. You can access your NTN Report by clicking the link below:

   

  Get Your NTN Report Here

• References from previous landlords (if applicable)

3. Understand the Upfront Costs

Before you move in, you’ll need to pay a few key fees. Here’s the math:

• First Month’s Rent: You’ll need to pay your first month’s rent upfront.

• Security Deposit: In NJ, the security deposit can be up to 1.5 times the monthly rent. This is held by the landlord and returned to you (minus any damages) when you move out.

•  Broker’s Fee (if applicable): If you work with a real estate agent, you may be responsible for a broker’s fee, usually equal to one month’s rent. However, this fee isn’t always the tenant’s sole responsibility. The landlord decides how it’s handled—either covering the full amount themselves, having the tenant pay it in full, or splitting the cost between both parties.  

Example Breakdown:

Let’s say your rent is $2,000 per month. Here’s what you’ll need upfront:

• First month’s rent: $2,000

• Security deposit (1.5x rent): $3,000

• Broker’s fee (1 month’s rent): $2,000 Total upfront cost: $7,000

4. Sign the Lease

Once your application is approved and your payments are ready, you’ll sign a lease agreement. Be sure to read everything carefully! Look out for:

• Lease term (typically 12 months)

• Rent due date and payment method

• Maintenance responsibilities

• Rules on subletting, pets, or guests

5. Move-In Day!

Congrats, you’re officially a renter! Before unpacking, do a walkthrough and document any existing damage so you don’t get charged for it later. Then, enjoy your new place!

Final Tips

• Be ready to act fast – Good rentals go quickly!

• Have your paperwork ready – The sooner you submit, the better your chances.

• Know your budget – Be sure you can afford both the upfront costs and monthly rent.

• Work with a trusted agent – It makes the process much easier and ensures you find the right place!

Now that you know the REAL truth about renting in NJ, you’re ready to find your next home! If you have any questions or need help finding a rental, reach out to us—we’re happy to guide you through the process!