Average Rent in 07042, Essex County, NJ

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Current Versus Historical 07042, Essex County, NJ Rents

07042 rentals average $1,963 for a studio rental to $4,950 for a 4-bedroom rental. The median price of all currently available listings is $2,583, 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 decreased by $179 (-8.37%) year-over-year from $2,142 to $1,963. 1-bedroom rentals prices have decreased by $71 (-3.51%) year-over-year from $2,021 to $1,950. 2-bedroom rentals prices have decreased by $86 (-3.08%) year-over-year from $2,786 to $2,700. 3-bedroom rentals prices have increased by $925 (21.14%) year-over-year from $4,375 to $5,300. 4-bedroom rentals prices have decreased by $447 (-9.04%) year-over-year from $4,947 to $4,500. 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 up by 19.24% this month. 1-bedroom rents have gone down by 8.41% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 23.26% this month. 4-bedroom rents have gone down by 20.59% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,963	$2,142 (-8.37%)	$2,333 (-15.89%)
1 BR	N/A	$1,950	$2,021 (-3.51%)	$1,863 (4.70%)
2 BR	N/A	$2,700	$2,786 (-3.08%)	$2,049 (31.76%)
3 BR	$2.95	$5,300	$4,375 (21.14%)	$3,104 (70.74%)
4+ BR	N/A	$4,500	$4,947 (-9.04%)	$3,381 (33.10%)

Historical Rents in 07042, Essex County, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07042

There are a total of 14 cities nearby 07042. The average rent in 07042 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 07042, Essex County, NJ is New York, NY. Monthly rents here are on average $4,395 per month.

Let's compare 07042, Essex County, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07042, Essex County, NJ is 3.18% more expensive than other cities nearby. One bedrooms are about 8.64% more affordable. Two bedrooms in 07042, Essex County, NJ are about 8.00% more affordable. Finally, rent for three bedrooms are about 43.87% more expensive. Want more information? Check out the top 10 cities out of 14 total cities near 07042, 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	$2,100	$2,300
Hackensack, NJ	$1,600	$1,963	$2,700	$2,325
East Orange, NJ	$1,650	$1,963	$2,625	$2,400
Elizabeth, NJ	N/A	$1,750	$2,300	$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
Cliffside Park, NJ	N/A	$2,150	$3,100	$3,000
Hoboken, NJ	$3,033	$3,177	$4,200	$3,700

Top Neighborhoods Near 07042

There are a total of 49 neighborhoods in or near 07042. Some of these neighborhoods include Washington Heights, Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 49 total neighborhoods in or near 07042, Essex County, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07042, Essex County, NJ is currently around $4,458 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,458. Interestingly, the neighborhoods' average rent is higher than 07042's average rent, which is only $2,583. Out of all the neighborhoods in or near 07042, The Heights has the most affordable average rent at $2,625 per month. Whereas, at $7,813 average rent per month, SoHo is the most expensive neighborhood in or near 07042. 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
Flatbush, New York, NY	$2,800	$2,789	$3,150	$3,293
Bedford-Stuyvesant, New York, NY	$2,375	$2,850	$3,150	$3,300
East Harlem, New York, NY	$2,675	$3,056	$3,195	$3,369
Harlem, New York, NY	$2,595	$3,050	$3,300	$3,400
Bushwick, New York, NY	$2,650	$2,799	$3,500	$3,450
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,500
Crown Heights, New York, NY	$2,800	$2,800	$3,675	$3,500
Upper East Side, New York, NY	$2,900	$3,600	$4,950	$4,000
Long Island City, New York, NY	$3,310	$4,040	$5,905	$4,050
Downtown Brooklyn, New York, NY	$3,400	$4,170	$5,880	$4,145
Prospect Heights, New York, NY	$3,600	$4,425	$6,100	$4,300
Financial District, New York, NY	$3,515	$4,500	$6,410	$4,334
Hell's Kitchen, New York, NY	$3,500	$4,065	$6,095	$4,458
Midtown East, New York, NY	$3,400	$4,200	$5,593	$4,500
East Village, New York, NY	$2,898	$3,600	$4,495	$4,500
Williamsburg, New York, NY	$3,626	$4,509	$4,650	$4,714
West Village, New York, NY	$4,750	$4,750	$6,750	$4,800
Greenwich Village, New York, NY	$4,150	$4,800	$5,075	$4,800
Murray Hill, New York, NY	$3,600	$4,300	$6,598	$4,926
Kips Bay, New York, NY	$3,795	$4,110	$5,308	$4,950
Upper West Side, New York, NY	$3,218	$4,500	$6,993	$4,995
Midtown South, New York, NY	$3,785	$4,995	$6,876	$5,000
Hudson Yards, New York, NY	$3,750	$4,518	$6,950	$5,062
Lower East Side, New York, NY	$3,748	$3,595	$4,495	$5,195
Chelsea, New York, NY	$4,150	$5,500	$7,905	$5,201
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,500
NoMad, New York, NY	$4,455	$5,596	$8,706	$5,676
Gramercy Park, New York, NY	$3,815	$5,185	$5,295	$6,039
Tribeca, New York, NY	$4,250	$5,975	$7,295	$6,895

Top Counties Near 07042

There are a total of 49 counties located by 07042, 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 07042, Essex County, NJ.

Typically, rent for studios in 07042, Essex County, NJ is 3.18% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 07042, Essex County, NJ is 5.72% more affordable than other counties nearby. Finally, rent for two bedrooms in 07042, Essex County, NJ is 8.00% 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	$2,100	$2,300
Hackensack, NJ	$1,600	$1,963	$2,700	$2,325
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

Top Zipcodes Near 07042

There are a total of 49 zipcodes in or near 07042, 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 07042, Essex County, NJ is $4,206 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,495 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07042, 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	$4,226	$5,950	$4,798
10003, New York, NY	$3,815	$4,800	$5,150	$4,950
10019, New York, NY	$3,550	$4,206	$6,500	$4,725
10009, New York, NY	$2,625	$3,625	$4,495	$4,500
10128, New York, NY	$3,470	$3,750	$5,450	$3,950
10038, New York, NY	$3,550	$4,500	$6,400	$4,405
10022, New York, NY	$3,350	$4,500	$5,100	$4,500
10005, New York, NY	$3,569	$4,600	$6,410	$4,298
10011, New York, NY	$3,600	$5,799	$6,850	$4,750
10010, New York, NY	$4,050	$4,750	$5,405	$5,346

Frequently Asked Questions - 07042 Average Rents

What is the average rent price in 07042, Essex County, NJ?

The average monthly rental price for 07042, Essex County, NJ apartments for rent is approximately $2,583. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07042, 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 07042, Essex County, NJ.

How much is a studio apartment in 07042, Essex County, NJ?

The average monthly rental price for studio apartments is $1,963 and an average price per square feet of $0. There are a total of 2 studio apartment listings currently available for rent in 07042.

How much is a one bedroom apartment in 07042, Essex County, NJ?

The average monthly rental price for one bedroom apartments is $2,010 and an average price per square feet of $0. There are a total of 10 one bedroom apartment listings currently available for rent in 07042.

How much is a two bedroom apartment in 07042, Essex County, NJ?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $0. There are a total of 15 two bedroom apartment listings currently available for rent in 07042.

How have rent prices in 07042, Essex County, NJ changed this year?

Rent prices for rentals in 07042, Essex County, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by -0.04%, two bedroom rental prices have changed by -0.03%, and three bedroom rental prices have changed by 0.21% year-over-year.

What is a reasonable rent price in 07042, Essex County, NJ?

A reasonable rent price in 07042, Essex County, NJ is around $2,066/month. You can search for these reasonably priced rental listings on RentHop.