Zumper

3996 Highway 516
3996 Highway 516, Matawan, NJ 07747, USA

Apartment for rent
Pet friendly
Monthly rent
$2,195–$2,625
Beds1–2
Baths1–2
Sqft800–1,350
modified
5+ Days Ago

Property Overview

Conveniently located near shopping, this property offers easy access to essential amenities, with a grocery store just 0.28 miles away and top-rated schools within a short distance. With 16 photos available for review, its appeal is further enhanced by belonging to the 75th percentile for value and the 83.33rd percentile for value per square foot in the area. Additionally, the presence of nearby pet services signifies a pet-friendly environment.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • High school nearby
  • Middle school nearby
  • More space

Great for

  • Pet owners

Highlights

  • Pet Friendly
  • conveniently located
  • near shopping

Units

3996 Highway 516 Matawan, NJ

Available

311

1 Bed

1 Bath

$2,195

Listed on 10/21/2025
Listed by 502 Old Bridge Town Center LLC.
Days on market: 15
Quietly nestled away off County Highway 516, this complex is located above the retail stores in the greater Old Bridge area. This property is conveniently located near public transportation, places to worship, schools, hospitals, parks, and shopping.

New Listing

304

2 Beds

2 Baths

$2,625

Listed on 10/23/2025
Listed by 502 Old Bridge Town Center LLC.
Days on market: 13
Quietly nestled away off County Highway 516, this complex is located above the retail stores in the greater Old Bridge area. This property is conveniently located near public transportation, places to worship, schools, hospitals, parks, and shopping.

Amenities for 3996 Highway 516

Some units at this address have these amenities. View unit details for more information.

Building
  • Dogs Ok
  • Cats Ok
  • Elevator
Unit Amenities
  • Hardwood Floor
  • In-Unit Laundry
  • Assigned Parking
  • Dishwasher
  • Air Conditioning

Policies at 3996 Highway 516

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 3996 Highway 516

HomeApartments in Matawan 3996 Highway 516 #304, Matawan, NJ 07747, USA

Check out this charming property located at 3996 Hwy 516, Matawan, NJ 07747, USA! This intimate community consists of 9 units, offering 1 and 2-bedroom options ranging in size from 800 to 1350 square feet. Residents can enjoy the convenience of being near top-rated schools, including an elementary school and a high school with A- or higher ratings. The property boasts a range of amenities, including a dishwasher, hardwood floors, and an HVAC system. Plus, its pet-friendly policy and long-term rentals make it an attractive option. The location is also walkable to grocery stores and offers easy access to shopping. With its convenient location and comfortable living spaces, this property is a great choice for those looking for a relaxed lifestyle.

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Address details

Units9
Units available2
City
Zip code07747

3996 Highway 516 #304 is great for:

Pet owners

  • 1 pet grooming service nearby
  • 1 pet hospital in the area
  • 1 pet supply store near the property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 3996 Highway 516, Matawan, NJ 07747, USA compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
Middle school nearby
There is a middle school 1 mile away
More space
The 2-bedroom is 350 sqft larger than other listings nearby
Less expensive
Some rentals at this address are cheaper than similar listings nearby
Dishwasher
Kitchens at this address include dishwashers
Images available
There are at least 10 photos of this address
Pet friendly
Rentals at this address allow pets

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Rent trends in Matawan

1-bedroom apartments here are priced 8% lower than 1-bedrooms in Matawan.

If you decide to upgrade your space, you can expect 2-bedrooms at 3996 Highway 516 #304 to be 8% less than the average for similarly sized apartments in Matawan.

Median rents as of Nov 1 2025.
Matawan
A table of 1-bedroom apartment rental data trends in Matawan
MonthMedian Rent
November 2023$2,418
December 2023$2,427
January 2024$2,365
February 2024$2,324
March 2024$2,367
April 2024$2,371
May 2024$2,392
June 2024$2,369
July 2024$2,342
August 2024$2,378
September 2024$2,433
October 2024$2,350
November 2024$2,355
December 2024$2,293
January 2025$2,200
February 2025$2,275
March 2025$2,225
April 2025$2,050
May 2025$2,199
June 2025$2,198
July 2025$2,377
August 2025$2,401
September 2025$2,398
October 2025$2,396
November 2025$2,375

Affordability calculator

Can I afford to live at 3996 Highway 516?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$87,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $87,800 annually to afford this 1-bedroom monthly rent price of $2,195.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 3996 Highway 516, Matawan, NJ.
3 months ago$2,1951 bed1 bath
3 months ago$2,6252 bed2 bath
5 months ago$2,1951 bed1 bath
6 months ago$2,6252 bed2 bath
1 year ago$2,1001 bed1 bath
2 years ago$1,655Studio1 bath
2 years ago$2,6002 bed1 bath
2 years ago$2,0501 bed1 bath
2 years ago$1,9751 bed1 bath

Schools near 3996 Highway 516 #304

James McDivitt Elementary School

1 manny martin way

old bridge, NJ, 8857

K-5Public
A-
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Getting around Matawan near 3996 Highway 516

Walking

3/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

1/10
Heads up, bike lanes and cyclist-friendly streets aren’t common.

Transit

2/10
There are a few mass transit options within the area.

Points of interest for 3996 Highway 516, Matawan

Groceries

1/10
No grocery stores within walking distance

Shopping

2/10
Few or no shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

3/10
No elementary schools within a 30-minute walk

High schools

3/10
No high schools within a 30-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

0/10
Few or no bars within walking distance

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