Average Rent in 07020, Edgewater, NJ

Home  »  NJ  »  Edgewater  »  07020

Current Versus Historical 07020, Edgewater, NJ Rents

07020 rentals average $1,825 for a studio rental to $10,500 for a 4-bedroom rental. The median price of all currently available listings is $3,500, or roughly $3 per square feet.
For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $131 (6.51%) year-over-year from $2,019 to $2,150. 1-bedroom rentals prices have increased by $96 (4.27%) year-over-year from $2,254 to $2,350. 2-bedroom rentals prices have decreased by $43 (-1.33%) year-over-year from $3,213 to $3,170. 3-bedroom rentals prices have increased by $1,082 (25.00%) year-over-year from $4,326 to $5,408. 4-bedroom rentals prices have increased by $2,167 (26.00%) year-over-year from $8,333 to $10,500. 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 7.19% this month. 1-bedroom rents have gone down by 7.24% this month. 2-bedroom rents have gone down by 7.63% this month. 3-bedroom rents have gone down by 1.17% this month. 4-bedroom rents have gone up by 10.72% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $2,150 $2,019 (6.51%) $2,083 (3.20%)
1 BR N/A $2,350 $2,254 (4.27%) $2,349 (0.04%)
2 BR $3.21 $3,170 $3,213 (-1.33%) $3,139 (1.00%)
3 BR N/A $5,408 $4,326 (25.00%) $4,567 (18.41%)
4+ BR N/A $10,500 $8,333 (26.00%) $6,945 (51.19%)

Historical Rents in 07020, Edgewater, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 07020

There are a total of 4 cities nearby 07020. The average rent in 07020 is currently $2,838 per month. A total of 4 cities nearby have an average rent lower than that. Our records show that West New York, NJ, with an average rent of $2,700, is the most affordable city nearby. In contrast, the most expensive city near 07020, Edgewater, NJ is Cliffside Park, NJ. Monthly rents here are on average $3,000 per month.

Let's compare 07020, Edgewater, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07020, Edgewater, NJ is 58.90% more expensive than other cities nearby. One bedrooms are about 8.54% more expensive. Two bedrooms in 07020, Edgewater, NJ are about 11.36% more expensive. Finally, rent for three bedrooms are about 26.47% more expensive. Want more information? Check out the top 4 cities near 07020, Edgewater, NJ in the following chart.
City Studio 1 Bed 2 Bed All
West New York, NJ N/A $2,525 $2,850 $2,700
Union City, NJ $1,900 $2,250 $2,800 $2,750
Fort Lee, NJ $1,500 $2,300 $3,000 $2,925
Cliffside Park, NJ N/A $2,150 $3,100 $3,000

Top Neighborhoods Near 07020

There are a total of 16 neighborhoods in or near 07020. Some of these neighborhoods include Washington Heights, Mott Haven, and East Harlem. We've included all of these top 16 neighborhoods in or near 07020, Edgewater, NJ in the following chart.

The average rent for these 16 neighborhoods in or near 07020, Edgewater, NJ is currently around $4,020 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $4,020. Interestingly, the neighborhoods' average rent is higher than 07020's average rent, which is only $3,500. Out of all the neighborhoods in or near 07020, Washington Heights has the most affordable average rent at $3,149 per month. Whereas, at $5,523 average rent per month, Midtown is the most expensive neighborhood in or near 07020. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Washington Heights, New York, NY $1,975 $2,400 $2,990 $3,149
Mott Haven, New York, NY $3,008 $3,095 $3,582 $3,198
East Harlem, New York, NY $2,675 $3,056 $3,195 $3,300
Central Harlem, New York, NY $2,250 $3,214 $3,495 $3,300
Astoria, New York, NY $2,700 $2,800 $4,100 $3,350
Harlem, New York, NY $2,595 $3,050 $3,300 $3,400
West Harlem, New York, NY $2,650 $3,000 $3,400 $3,500
Upper East Side, New York, NY $2,975 $3,606 $4,973 $4,000
Long Island City, New York, NY $3,314 $4,035 $5,905 $4,040
Hell's Kitchen, New York, NY $3,500 $4,045 $6,095 $4,450
Midtown East, New York, NY $3,500 $4,200 $5,595 $4,500
Upper West Side, New York, NY $3,225 $4,475 $6,549 $4,995
Midtown South, New York, NY $3,785 $4,995 $6,876 $5,000
Hudson Yards, New York, NY $3,763 $4,495 $6,900 $5,022
Chelsea, New York, NY $3,995 $5,498 $7,925 $5,235
Midtown, New York, NY $3,607 $4,400 $6,895 $5,523

Top Counties Near 07020

There are a total of 16 counties located by 07020, Edgewater, NJ. Some of these counties include West New York, NJ, Union City, NJ, and North Bergen, NJ. The average rent for rentals in these counties is $2,888. That's roughly around $3 per sqft. A total of 5 counties have a lower average rent. The county that is the most affordable is West New York, NJ. It's average rent per month is $2,700. Vice versa, with an average rent of $4,600, Manhattan, New York, NY is the most expensive county by 07020, Edgewater, NJ.

Typically, rent for studios in 07020, Edgewater, NJ is 6.85% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 07020, Edgewater, NJ is 8.54% more expensive than other counties nearby. Finally, rent for two bedrooms in 07020, Edgewater, NJ is 11.36% more expensive than other counties nearby. We've listed the top 6 counties in the chart below.
County Studio 1 Bed 2 Bed All
West New York, NJ N/A $2,525 $2,850 $2,700
Union City, NJ $1,900 $2,250 $2,800 $2,750
North Bergen, NJ $2,149 $2,125 $2,850 $2,850
Fort Lee, NJ $1,500 $2,300 $3,000 $2,925
Cliffside Park, NJ N/A $2,150 $3,100 $3,000
Manhattan, New York, NY $3,596 $4,385 $5,595 $4,600

Top Zipcodes Near 07020

There are a total of 26 zipcodes in or near 07020, Edgewater, NJ. The average rent for all of these zipcodes is $3,975. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07093, West New York, NJ at $2,748 per month. In comparison, the zipcode with the most expensive average rent of $5,745 per month is 10069, New York, NY.

Studios in these zipcodes have an average rent of $2,952. 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 07020, Edgewater, NJ is $3,550 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,303 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07020, Edgewater, NJ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10019, New York, NY $3,525 $4,200 $6,500 $4,713
10128, New York, NY $3,495 $3,750 $5,520 $3,950
10022, New York, NY $3,350 $4,500 $5,148 $4,500
10017, New York, NY $4,000 $4,100 $7,325 $5,045
10025, New York, NY $3,150 $4,000 $5,400 $4,663
10023, New York, NY $3,469 $4,500 $9,000 $5,206
10036, New York, NY $3,500 $4,195 $6,408 $4,493
10028, New York, NY $2,576 $3,350 $4,000 $4,000
10021, New York, NY $2,850 $4,250 $3,750 $4,095
10001, New York, NY $4,220 $5,350 $7,954 $5,490

Frequently Asked Questions - 07020 Average Rents

What is the average rent price in 07020, Edgewater, NJ?
The average monthly rental price for 07020, Edgewater, NJ apartments for rent is approximately $3,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 07020, Edgewater, 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 07020, Edgewater, NJ.
How much is a studio apartment in 07020, Edgewater, NJ?
The average monthly rental price for studio apartments is $1,825 and an average price per square feet of $0. There are a total of 2 studio apartment listings currently available for rent in 07020.
How much is a one bedroom apartment in 07020, Edgewater, NJ?
The average monthly rental price for one bedroom apartments is $2,488 and an average price per square feet of $0. There are a total of 8 one bedroom apartment listings currently available for rent in 07020.
How much is a two bedroom apartment in 07020, Edgewater, NJ?
The average monthly rental price for two bedroom apartments is $3,300 and an average price per square feet of $3.21. There are a total of 20 two bedroom apartment listings currently available for rent in 07020.
How have rent prices in 07020, Edgewater, NJ changed this year?
Rent prices for rentals in 07020, Edgewater, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.07%, one bedroom rental prices have changed by 0.04%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.25% year-over-year.
What is a reasonable rent price in 07020, Edgewater, NJ?
A reasonable rent price in 07020, Edgewater, NJ is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2024 RentHop.com™
Quantcast