Average Rent in 07087, Union City, NJ

Current Versus Historical 07087, Union City, NJ Rents

07087 rentals average $1,900 for a studio rental to $5,250 for a 4-bedroom rental. The median price of all currently available listings is $2,800, 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 increased by $53 (3.09%) year-over-year from $1,698 to $1,750. 1-bedroom rentals prices have increased by $435 (26.13%) year-over-year from $1,665 to $2,100. 2-bedroom rentals prices have increased by $383 (15.86%) year-over-year from $2,417 to $2,800. 3-bedroom rentals prices have increased by $159 (5.41%) year-over-year from $2,941 to $3,100. 4-bedroom rentals prices have increased by $258 (7.97%) year-over-year from $3,242 to $3,500. 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 3.23% this month. 1-bedroom rents have gone up by 11.01% this month. 2-bedroom rents have gone up by 10.53% this month. 3-bedroom rents have gone up by 4.49% this month. 4-bedroom rents have gone up by 2.94% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$1.60	$1,750	$1,698 (3.09%)	$1,568 (11.58%)
1 BR	$3.08	$2,100	$1,665 (26.13%)	$1,398 (50.25%)
2 BR	$3.07	$2,800	$2,417 (15.86%)	$1,951 (43.55%)
3 BR	$2.32	$3,100	$2,941 (5.41%)	$2,179 (42.26%)
4+ BR	N/A	$3,500	$3,242 (7.97%)	$3,925 (-10.83%)

Historical Rents in 07087, Union City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07087

There are a total of 3 cities nearby 07087. The average rent in 07087 is currently $2,800 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that West New York, NJ, with an average rent of $2,698, is the most affordable city nearby. In contrast, the most expensive city near 07087, Union City, NJ is Hoboken, NJ. Monthly rents here are on average $3,700 per month.

Let's compare 07087, Union City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07087, Union City, NJ is on par with the other cities nearby. One bedrooms are about 10.00% more affordable. Two bedrooms in 07087, Union City, NJ are about 0.89% more affordable. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 3 cities near 07087, Union City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
West New York, NJ	N/A	$2,475	$2,825	$2,698
Union City, NJ	$1,900	$2,250	$2,800	$2,800
Hoboken, NJ	$2,740	$3,240	$4,200	$3,700

Top Neighborhoods Near 07087

There are a total of 15 neighborhoods in or near 07087. Some of these neighborhoods include The Heights, The Waterfront, and Bowery. We've included all of these top 15 neighborhoods in or near 07087, Union City, NJ in the following chart.

The average rent for these 15 neighborhoods in or near 07087, Union City, NJ is currently around $4,895 per month. A total of one neighborhood has a lower average rent. Meaning, only fourteen neighborhoods have a higher average rent than $4,895. Interestingly, the neighborhoods' average rent is higher than 07087's average rent, which is only $2,800. Out of all the neighborhoods in or near 07087, The Heights has the most affordable average rent at $2,700 per month. Whereas, at $7,725 average rent per month, SoHo is the most expensive neighborhood in or near 07087. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
The Heights, Jersey City, NJ	N/A	$2,200	$2,650	$2,700
The Waterfront, Jersey City, NJ	$3,026	$3,519	$5,068	$3,678
Bowery, New York, NY	$2,870	$3,450	$4,150	$3,900
NoLita, New York, NY	$3,495	$4,495	$4,895	$4,495
Hell's Kitchen, New York, NY	$3,462	$4,134	$5,995	$4,500
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
West Village, New York, NY	$4,098	$4,595	$5,400	$4,800
Midtown South, New York, NY	$3,785	$4,847	$6,995	$4,895
NoHo, New York, NY	$4,000	$5,000	$7,750	$5,000
Hudson Yards, New York, NY	$3,775	$4,690	$6,950	$5,068
Flatiron District, New York, NY	$4,050	$5,900	$9,071	$5,150
Chelsea, New York, NY	$3,800	$5,418	$7,651	$5,191
NoMad, New York, NY	$4,444	$5,585	$8,060	$5,803
Gramercy Park, New York, NY	$3,815	$5,000	$5,314	$6,100
SoHo, New York, NY	$2,973	$3,950	$13,500	$7,725

Top Counties Near 07087

There are a total of 15 counties located by 07087, Union City, 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 $2,813. That's roughly around $3 per sqft. A total of 2 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 $2,698. Vice versa, with an average rent of $3,700, Hoboken, NJ is the most expensive county by 07087, Union City, NJ.

Typically, rent for studios in 07087, Union City, NJ is 9.21% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07087, Union City, NJ is 5.00% more affordable than other counties nearby. Finally, rent for two bedrooms in 07087, Union City, NJ is 1.34% more affordable than other counties nearby. We've listed the top 4 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
West New York, NJ	N/A	$2,475	$2,825	$2,698
Union City, NJ	$1,900	$2,250	$2,800	$2,800
North Bergen, NJ	$2,250	$2,125	$2,850	$2,825
Hoboken, NJ	$2,740	$3,240	$4,200	$3,700

Top Zipcodes Near 07087

There are a total of 15 zipcodes in or near 07087, Union City, NJ. The average rent for all of these zipcodes is $4,700. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07306, Jersey City, NJ at $2,650 per month. In comparison, the zipcode with the most expensive average rent of $7,095 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,525. That's at least $8 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07087, Union City, NJ is $4,395 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,695 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07087, Union City, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10003, New York, NY	$3,815	$4,800	$5,075	$4,950
10019, New York, NY	$3,525	$4,140	$6,430	$4,700
10011, New York, NY	$3,600	$5,500	$5,695	$4,795
10036, New York, NY	$3,408	$4,300	$6,417	$4,500
10001, New York, NY	$4,217	$5,357	$7,965	$5,449
10013, New York, NY	$3,950	$5,500	$7,500	$7,095
10014, New York, NY	$4,750	$4,595	$6,150	$5,100
10018, New York, NY	$3,739	$4,898	$6,695	$5,000
10012, New York, NY	$3,495	$4,395	$4,895	$4,495
10069, New York, NY	$3,560	$5,280	$7,805	$5,638

Frequently Asked Questions - 07087 Average Rents

What is the average rent price in 07087, Union City, NJ?

The average monthly rental price for 07087, Union City, NJ apartments for rent is approximately $2,800. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07087, Union City, 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 07087, Union City, NJ.

How much is a studio apartment in 07087, Union City, NJ?

The average monthly rental price for studio apartments is $1,900 and an average price per square feet of $1.60. There are a total of 3 studio apartment listings currently available for rent in 07087.

How much is a one bedroom apartment in 07087, Union City, NJ?

The average monthly rental price for one bedroom apartments is $2,250 and an average price per square feet of $3.08. There are a total of 16 one bedroom apartment listings currently available for rent in 07087.

How much is a two bedroom apartment in 07087, Union City, NJ?

The average monthly rental price for two bedroom apartments is $2,800 and an average price per square feet of $3.07. There are a total of 33 two bedroom apartment listings currently available for rent in 07087.

How have rent prices in 07087, Union City, NJ changed this year?

Rent prices for rentals in 07087, Union City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.03%, one bedroom rental prices have changed by 0.26%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by 0.05% year-over-year.

What is a reasonable rent price in 07087, Union City, NJ?

A reasonable rent price in 07087, Union City, NJ is around $2,240/month. You can search for these reasonably priced rental listings on RentHop.