Average Rent in 07003, Essex County, NJ

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Current Versus Historical 07003, Essex County, NJ Rents

07003 rentals average $0 for a studio rental to $4,200 for a 4-bedroom rental. The median price of all currently available listings is $2,495, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $367 (-19.64%) year-over-year from $1,867 to $1,500. 1-bedroom rentals prices have increased by $225 (15.25%) year-over-year from $1,475 to $1,700. 2-bedroom rentals prices have increased by $208 (9.96%) year-over-year from $2,092 to $2,300. 3-bedroom rentals prices have decreased by $8 (-0.31%) year-over-year from $2,708 to $2,700. 4-bedroom rentals prices have decreased by $183 (-4.66%) year-over-year from $3,933 to $3,750. 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 down by 15.89% this month. 1-bedroom rents have gone down by 1.92% this month. 2-bedroom rents have gone up by 0.73% this month. 3-bedroom rents have gone down by 1.22% this month. 4-bedroom rents have gone up by 1.90% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	N/A	$1,700	$1,475 (15.25%)	$1,483 (14.61%)
2 BR	N/A	$2,300	$2,092 (9.96%)	$2,271 (1.28%)
3 BR	N/A	$2,700	$2,708 (-0.31%)	$2,281 (18.38%)
4+ BR	$2.50	$3,750	$3,933 (-4.66%)	$2,992 (25.35%)

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 14 cities nearby 07003. The average rent in 07003 is currently $2,675 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Paterson, NJ, with an average rent of $2,000, 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 $4,400 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 inf% more affordable than other cities nearby. One bedrooms are about 21.32% more affordable. Two bedrooms in 07003, Essex County, NJ are about 8.22% more affordable. Finally, rent for three bedrooms are about 10.19% more affordable. Want more information? Check out the top 10 cities out of 14 total cities near 07003, Essex County, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Paterson, NJ	$1,900	$1,750	$1,975	$2,000
Newark, NJ	$2,000	$2,074	$2,150	$2,300
Hackensack, NJ	$1,600	$1,963	$2,700	$2,313
East Orange, NJ	$1,650	$1,963	$2,625	$2,400
Elizabeth, NJ	N/A	$1,750	$2,300	$2,400
Bayonne, NJ	$2,325	$2,057	$2,400	$2,400
West New York, NJ	N/A	$2,475	$2,850	$2,650
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,250	$2,800	$2,750
Hoboken, NJ	$3,033	$3,177	$4,200	$3,700

Top Neighborhoods Near 07003

There are a total of 50 neighborhoods in or near 07003. Some of these neighborhoods include Washington Heights, Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 50 total neighborhoods in or near 07003, Essex County, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07003, Essex County, NJ is currently around $4,410 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,410. Interestingly, the neighborhoods' average rent is higher than 07003's average rent, which is only $2,495. Out of all the neighborhoods in or near 07003, The Heights has the most affordable average rent at $2,625 per month. Whereas, at $7,725 average rent per month, SoHo is the most expensive neighborhood in or near 07003. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$1,925	$2,400	$2,990	$3,149
Flatbush, New York, NY	$2,800	$2,789	$3,144	$3,272
Bedford-Stuyvesant, New York, NY	$2,375	$2,850	$3,067	$3,300
East Harlem, New York, NY	$2,675	$3,111	$3,195	$3,347
Harlem, New York, NY	$2,595	$3,095	$3,300	$3,415
Bushwick, New York, NY	$2,650	$2,799	$3,500	$3,450
Crown Heights, New York, NY	$2,800	$2,750	$3,675	$3,499
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,575
Upper East Side, New York, NY	$2,900	$3,695	$4,950	$4,000
Long Island City, New York, NY	$3,321	$4,035	$5,995	$4,040
Downtown Brooklyn, New York, NY	$3,400	$4,170	$5,818	$4,150
Prospect Heights, New York, NY	$3,612	$4,425	$6,110	$4,300
Financial District, New York, NY	$3,500	$4,500	$6,410	$4,325
Hell's Kitchen, New York, NY	$3,500	$4,065	$6,177	$4,498
Midtown East, New York, NY	$3,400	$4,200	$5,595	$4,500
East Village, New York, NY	$2,898	$3,613	$4,495	$4,500
Williamsburg, New York, NY	$3,626	$4,506	$4,650	$4,700
Greenwich Village, New York, NY	$4,150	$4,800	$5,075	$4,800
West Village, New York, NY	$4,750	$4,750	$6,725	$4,800
Kips Bay, New York, NY	$3,785	$4,125	$5,340	$4,950
Murray Hill, New York, NY	$3,600	$4,300	$6,595	$4,983
Upper West Side, New York, NY	$3,218	$4,477	$6,575	$4,995
Midtown South, New York, NY	$3,785	$4,995	$6,865	$5,000
Hudson Yards, New York, NY	$3,775	$4,495	$6,950	$5,005
Lower East Side, New York, NY	$3,800	$3,495	$4,495	$5,195
Chelsea, New York, NY	$4,195	$5,498	$7,915	$5,247
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,500
NoMad, New York, NY	$4,454	$5,596	$8,634	$5,686
Gramercy Park, New York, NY	$3,815	$5,195	$5,295	$6,039
Tribeca, New York, NY	$4,250	$5,950	$7,295	$6,895

Top Counties Near 07003

There are a total of 50 counties located by 07003, Essex County, NJ. Some of these counties include Paterson, NJ, Irvington, NJ, and Newark, NJ. The average rent for rentals in these counties is $2,700. That's roughly around $3 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Paterson, NJ. It's average rent per month is $2,000. Vice versa, with an average rent of $4,600, Manhattan, New York, NY is the most expensive county by 07003, Essex County, NJ.

Typically, rent for studios in 07003, Essex County, NJ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07003, Essex County, NJ is 18.06% more affordable than other counties nearby. Finally, rent for two bedrooms in 07003, Essex County, NJ is 8.22% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Paterson, NJ	$1,900	$1,750	$1,975	$2,000
Irvington, NJ	$1,625	$1,600	$2,000	$2,150
Newark, NJ	$2,000	$2,074	$2,150	$2,300
East Orange, NJ	$1,650	$1,963	$2,625	$2,400
Elizabeth, NJ	N/A	$1,750	$2,300	$2,400
Montclair, NJ	$1,963	$1,920	$2,675	$2,675
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,250	$2,800	$2,750
North Bergen, NJ	$2,149	$2,125	$2,850	$2,850
Hoboken, NJ	$3,033	$3,177	$4,200	$3,700

Top Zipcodes Near 07003

There are a total of 49 zipcodes in or near 07003, Essex County, NJ. The average rent for all of these zipcodes is $4,405. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07002, Bayonne, NJ at $2,400 per month. In comparison, the zipcode with the most expensive average rent of $6,900 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,425. That's at least $7 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 $4,200 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,438 per month. Which comes out to $6 per sqft. The following chart 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	$3,695	$4,250	$5,995	$4,850
10003, New York, NY	$3,815	$4,800	$5,175	$4,950
10019, New York, NY	$3,525	$4,200	$6,500	$4,795
10009, New York, NY	$2,625	$3,650	$4,495	$4,500
10128, New York, NY	$3,483	$3,768	$5,384	$3,965
10038, New York, NY	$3,500	$4,500	$6,400	$4,405
10022, New York, NY	$3,350	$4,500	$5,300	$4,500
10005, New York, NY	$3,525	$4,600	$6,400	$4,295
10011, New York, NY	$3,600	$5,850	$6,495	$4,750
10010, New York, NY	$4,050	$4,797	$5,438	$5,395

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 $2,495. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $0. There are a total of 9 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 $2,495 and an average price per square feet of $0. There are a total of 23 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 -0.20%, one bedroom rental prices have changed by 0.15%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by 0.00% 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 $1,996/month. You can search for these reasonably priced rental listings on RentHop.