New Providence borough: Median Gross Rent Trend
How New Providence borough's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$1,561
2023
$1,906
Total change
+$345
% change
+22.1%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $1,561 | — |
| 2019 | $1,733 | +$172 (11%) |
| 2020 | $1,784 | +$51 (2.9%) |
| 2021 | $1,844 | +$60 (3.4%) |
| 2022 | $1,896 | +$52 (2.8%) |
| 2023 | $1,906 | +$10 (0.5%) |