Average Rent in 07003, Essex County, NJ

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Current Versus Historical 07003, Essex County, NJ Rents

07003 rentals average $2,110 for a studio rental to $3,800 for a 4-bedroom rental. The median price of all currently available listings is $2,550, or roughly $31 per square feet.

For the apartment units and housing in November 2026, median rents have fallen substantially over the last year. Studio rentals prices have increased by $531 (33.19%) year-over-year from $1,599 to $2,130. 1-bedroom rentals prices have decreased by $208 (-10.37%) year-over-year from $2,008 to $1,800. 2-bedroom rentals prices have increased by $183 (7.75%) year-over-year from $2,367 to $2,550. 3-bedroom rentals prices have decreased by $425 (-14.05%) year-over-year from $3,025 to $2,600. 4-bedroom rentals prices have increased by $1,168 (39.81%) year-over-year from $2,933 to $4,100. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 18.44% this month. 1-bedroom rents have gone up by 0.47% this month. 2-bedroom rents have gone up by 2.34% this month. 3-bedroom rents have gone down by 7.69% this month. 4-bedroom rents have gone up by 6.49% this month.

Beds	Price / Sqft	Nov 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$51.33	$2,130	$1,599 (33.19%)	$2,475 (-13.94%)
1 BR	$36.44	$1,800	$2,008 (-10.37%)	$1,542 (16.76%)
2 BR	$31.07	$2,550	$2,367 (7.75%)	$2,300 (10.87%)
3 BR	$28.00	$2,600	$3,025 (-14.05%)	$2,633 (-1.27%)
4+ BR	$21.33	$4,100	$2,933 (39.81%)	$3,717 (10.31%)

Historical Rents in 07003, Essex County, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07003

There are a total of 22 cities nearby 07003. The average rent in 07003 is currently $2,729 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Kearny, NJ, with an average rent of $2,175, is the most affordable city nearby. In contrast, the most expensive city near 07003, Essex County, NJ is New York, NY. Monthly rents here are on average $4,856 per month.

Let's compare 07003, Essex County, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07003, Essex County, NJ is 4.94% more affordable than other cities nearby. One bedrooms are about 39.42% more affordable. Two bedrooms in 07003, Essex County, NJ are about 7.84% more affordable. Finally, rent for three bedrooms are about 0.86% more affordable. Want more information? Check out the top 10 cities out of 22 total cities near 07003, Essex County, NJ in the following table.

City	Studio	1 Bed	2 Bed	All
Kearny, NJ	N/A	$1,700	$2,150	$2,175
Paterson, NJ	N/A	$1,700	$2,100	$2,200
Passaic, NJ	$1,900	$1,751	$2,375	$2,300
Newark, NJ	$2,145	$2,000	$2,100	$2,300
Garfield, NJ	$1,150	$1,800	$2,200	$2,300
East Orange, NJ	$2,050	$2,706	$2,100	$2,398
Elizabeth, NJ	$1,425	$1,800	$2,000	$2,475
Clifton, NJ	N/A	$1,890	$2,500	$2,500
Harrison, NJ	$2,522	$2,928	$3,592	$2,899
Jersey City, NJ	$3,831	$4,946	$6,614	$4,551

Top Neighborhoods Near 07003

There are a total of 78 neighborhoods in or near 07003. Some of these neighborhoods include Bedford-Stuyvesant, Crown Heights, and Harlem. We've included the top 30 neighborhoods out of 78 total neighborhoods in or near 07003, Essex County, NJ in the following table.

The average rent for these 30 neighborhoods in or near 07003, Essex County, NJ is currently around $4,535 per month. A total of 5 neighborhoods have a lower average rent. Meaning, only twenty-five neighborhoods have a higher average rent than $4,535. Interestingly, the neighborhoods' average rent is higher than 07003's average rent, which is only $2,550. Out of all the neighborhoods in or near 07003, Fairmount has the most affordable average rent at $2,200 per month. Whereas, at $7,995 average rent per month, NoLita is the most expensive neighborhood in or near 07003. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Bedford-Stuyvesant, New York, NY	$3,225	$3,449	$4,398	$3,650
Crown Heights, New York, NY	$3,171	$3,490	$4,700	$3,800
Harlem, New York, NY	$2,973	$3,209	$3,995	$3,800
Bushwick, New York, NY	$3,200	$3,450	$3,795	$3,868
East Harlem, New York, NY	$3,350	$3,838	$3,495	$3,979
West Harlem, New York, NY	$2,750	$3,100	$4,400	$3,995
Greenpoint, New York, NY	$3,780	$4,600	$7,295	$4,520
Downtown Brooklyn, New York, NY	$3,681	$4,426	$6,171	$4,549
Prospect Heights, New York, NY	$3,593	$4,495	$5,700	$4,550
Long Island City, New York, NY	$3,755	$4,481	$6,502	$4,607
Murray Hill, New York, NY	$3,700	$5,295	$7,425	$4,791
Hell's Kitchen, New York, NY	$3,795	$4,686	$6,075	$4,995
Upper East Side, New York, NY	$3,398	$4,775	$7,700	$5,000
Midtown, New York, NY	$3,975	$4,850	$7,777	$5,000
Financial District, New York, NY	$4,307	$5,261	$7,064	$5,053
Lower East Side, New York, NY	$4,100	$4,496	$7,328	$5,067
Midtown East, New York, NY	$4,050	$5,050	$7,600	$5,175
Williamsburg, New York, NY	$3,999	$5,000	$5,500	$5,189
Hudson Yards, New York, NY	$4,138	$5,400	$7,895	$5,250
Kips Bay, New York, NY	$3,990	$5,108	$6,040	$5,400
Upper West Side, New York, NY	$3,462	$5,495	$7,998	$5,500
West Village, New York, NY	$5,100	$5,500	$6,995	$5,500
East Village, New York, NY	$3,750	$5,465	$5,995	$5,800
Chelsea, New York, NY	$4,450	$6,195	$9,541	$5,995
Stuyvesant Town - Peter Cooper Village, New York, NY	$5,250	$5,849	$6,914	$6,078
Greenwich Village, New York, NY	$4,700	$7,150	$9,200	$6,300
NoMad, New York, NY	$4,671	$6,025	$8,506	$6,389
Gramercy Park, New York, NY	$4,250	$6,600	$10,700	$7,195
Tribeca, New York, NY	$5,990	$6,798	$8,573	$7,500
NoLita, New York, NY	$12,800	$4,995	$7,895	$7,995

Top Counties Near 07003

There are a total of 19 counties located by 07003, Essex County, NJ. Some of these counties include Passaic, NJ, Essex, NJ, and Yonkers, NY. The average rent for rentals in these counties is $3,100. That's roughly around $41 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Passaic, NJ. Its average rent per month is $2,500. Vice versa, with an average rent of $5,295, Manhattan, New York, NY is the most expensive county by 07003, Essex County, NJ.

Typically, rent for studios in 07003, Essex County, NJ is 14.13% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07003, Essex County, NJ is 52.78% more affordable than other counties nearby. Finally, rent for two bedrooms in 07003, Essex County, NJ is 27.45% more affordable than other counties nearby. We've listed the top 10 counties in the table below.

County	Studio	1 Bed	2 Bed	All
Passaic, NJ	$2,100	$2,000	$2,673	$2,500
Essex, NJ	$2,059	$2,200	$2,600	$2,575
Yonkers, NY	$2,356	$2,600	$2,700	$2,800
Union, NJ	$1,700	$2,827	$2,900	$2,877
Bergen, NJ	$2,300	$2,450	$3,000	$3,095
Morris, NJ	$2,669	$2,750	$3,250	$3,100
Bronx, New York, NY	$2,408	$3,257	$3,557	$3,257
Hudson, NJ	$3,703	$4,498	$4,990	$4,110
Brooklyn, New York, NY	$3,560	$4,232	$5,279	$4,294
Manhattan, New York, NY	$4,045	$5,190	$7,153	$5,295

Top Zipcodes Near 07003

There are a total of 50 zipcodes in or near 07003, Essex County, NJ. The average rent for all of these zipcodes is $4,975.

Studios in these zipcodes have an average rent of $3,749. That's at least $95 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07003, Essex County, NJ is $4,725 per month. Or in other words, $88 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,497 per month. Which comes out to $87 per sqft. The following table includes the top 10 zipcodes in 07003, Essex County, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10016, New York, NY	$3,751	$5,295	$6,930	$5,295
10019, New York, NY	$3,800	$4,850	$6,347	$5,000
10003, New York, NY	$4,350	$6,450	$7,300	$6,050
10009, New York, NY	$3,199	$5,595	$5,995	$5,999
10025, New York, NY	$3,295	$5,095	$6,025	$5,220
10038, New York, NY	$4,600	$5,053	$7,750	$5,240
10036, New York, NY	$3,975	$4,900	$7,113	$5,500
11201, New York, NY	$3,694	$4,488	$6,300	$4,667
10014, New York, NY	$5,100	$5,995	$6,995	$5,500
10005, New York, NY	$4,302	$5,550	$7,320	$4,888

Frequently Asked Questions - 07003 Average Rents

What is the average rent price in 07003, Essex County, NJ?

The average monthly rental price for 07003, Essex County, NJ apartments for rent is approximately $2,550. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07003, Essex County, NJ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 07003, Essex County, NJ.

How much is a studio apartment in 07003, Essex County, NJ?

The average monthly rental price for studio apartments is $2,110 and an average price per square feet of $51.33. There are a total of 4 studio apartment listings currently available for rent in 07003.

How much is a one bedroom apartment in 07003, Essex County, NJ?

The average monthly rental price for one bedroom apartments is $1,800 and an average price per square feet of $36.44. There are a total of 23 one bedroom apartment listings currently available for rent in 07003.

How much is a two bedroom apartment in 07003, Essex County, NJ?

The average monthly rental price for two bedroom apartments is $2,550 and an average price per square feet of $31.07. There are a total of 41 two bedroom apartment listings currently available for rent in 07003.

How have rent prices in 07003, Essex County, NJ changed this year?

Rent prices for rentals in 07003, Essex County, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.33%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by 0.08%, three bedroom rental prices have changed by -0.14% year-over-year.

What is a reasonable rent price in 07003, Essex County, NJ?

A reasonable rent price in 07003, Essex County, NJ is around $2,040/month. You can search for these reasonably priced rental listings on RentHop.