$4,200 Per Month
- 3 Beds
- 2.5 Baths
- 2,420 Sq Ft
- Townhouse for Rent
2007 Grandstand Way Unit GSP, Cherry Hill, NJ 08002
2007 Grandstand Way Unit GSP, Cherry Hill, NJ 08002
Frequently Asked Questions
How much does it cost to rent a townhouse in Cherry Hill, NJ?
The median rent for a townhouse in Cherry Hill, NJ is $3,950 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while townhouses are currently more expensive.
How much do you need to make to afford rent in Cherry Hill, NJ?
To comfortably afford the median rent in Cherry Hill, NJ, a household needs to earn roughly $106,720 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 $2,668 per month in Cherry Hill, NJ, renters typically need to show $8,004 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 Cherry Hill, NJ?
In Cherry Hill, NJ, the price-to-rent ratio is 15.2, 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.
What neighborhoods in Cherry Hill, NJ are best for renting a townhouse?
The best neighborhood for renting in Cherry Hill, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Fairview, Lanning Square, Fishtown, Port Richmond and East Kensington, each with its own character and price range.
