Average Rent in 07302, Jersey City, NJ

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Current Versus Historical 07302, Jersey City, NJ Rents

07302 rentals average $2,805 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,475, or roughly $4 per square feet.
For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $338 (12.55%) year-over-year from $2,689 to $3,026. 1-bedroom rentals prices have increased by $249 (8.42%) year-over-year from $2,950 to $3,199. 2-bedroom rentals prices have increased by $33 (0.86%) year-over-year from $3,800 to $3,833. 3-bedroom rentals prices have decreased by $741 (-16.01%) year-over-year from $4,628 to $3,887. 4-bedroom rentals prices have decreased by $758 (-14.42%) year-over-year from $5,258 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 11.74% this month. 1-bedroom rents have gone up by 7.56% this month. 2-bedroom rents have gone up by 1.46% this month. 3-bedroom rents have gone down by 13.35% this month. 4-bedroom rents have gone down by 9.40% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.90 $3,026 $2,689 (12.55%) $1,847 (63.88%)
1 BR $4.39 $3,199 $2,950 (8.42%) $1,999 (60.05%)
2 BR $4.15 $3,833 $3,800 (0.86%) $2,435 (57.39%)
3 BR $5.32 $3,887 $4,628 (-16.01%) $3,633 (6.98%)

Historical Rents in 07302, Jersey City, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 07302

There are a total of 10 cities nearby 07302. The average rent in 07302 is currently $2,800 per month. A total of 8 cities nearby have an average rent lower than that. Our records show that Newark, NJ, with an average rent of $2,300, is the most affordable city nearby. In contrast, the most expensive city near 07302, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,495 per month.

Let's compare 07302, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07302, Jersey City, NJ is 31.37% more expensive than other cities nearby. One bedrooms are about 31.14% more expensive. Two bedrooms in 07302, Jersey City, NJ are about 32.34% more expensive. Finally, rent for three bedrooms are about 8.67% more expensive. Want more information? Check out the top 10 cities near 07302, Jersey City, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $1,950 $1,900 $2,100 $2,300
Elizabeth, NJ N/A $1,700 $2,250 $2,400
Bayonne, NJ $2,100 $2,100 $2,529 $2,500
West New York, NJ $1,700 $2,463 $2,825 $2,600
Jersey City, NJ $2,088 $2,700 $2,695 $2,800
Union City, NJ $1,900 $2,100 $2,850 $2,800
Fort Lee, NJ $1,475 $2,450 $3,450 $3,098
Cliffside Park, NJ N/A $2,150 $3,348 $3,350
Hoboken, NJ $2,350 $3,100 $3,943 $3,825
New York, NY $3,600 $4,295 $5,200 $4,495

Top Neighborhoods Near 07302

There are a total of 46 neighborhoods in or near 07302. Some of these neighborhoods include Flatbush, East Harlem, and Washington Heights. We've included the top 30 neighborhoods out of 46 total neighborhoods in or near 07302, Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07302, Jersey City, NJ is currently around $4,378 per month. A total of 10 neighborhoods have a lower average rent. Meaning, only twenty neighborhoods have a higher average rent than $4,378. Interestingly, the neighborhoods' average rent is higher than 07302's average rent, which is only $3,475. Out of all the neighborhoods in or near 07302, Greenville has the most affordable average rent at $2,400 per month. Whereas, at $6,595 average rent per month, Tribeca is the most expensive neighborhood in or near 07302. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Flatbush, New York, NY $2,790 $3,050 $3,194 $3,261
East Harlem, New York, NY $2,975 $2,995 $3,195 $3,338
Washington Heights, New York, NY $2,350 $2,625 $3,125 $3,395
Harlem, New York, NY $2,650 $2,995 $3,195 $3,400
West Harlem, New York, NY $2,650 $2,895 $3,100 $3,425
Bedford-Stuyvesant, New York, NY $2,500 $3,000 $3,399 $3,500
Crown Heights, New York, NY $2,822 $2,900 $3,675 $3,667
Upper East Side, New York, NY $2,850 $3,295 $4,800 $3,995
Long Island City, New York, NY $3,300 $4,068 $6,000 $4,040
Downtown Brooklyn, New York, NY $3,425 $4,264 $5,950 $4,272
Murray Hill, New York, NY $3,592 $4,261 $6,200 $4,278
Prospect Heights, New York, NY $3,600 $4,423 $5,997 $4,300
Financial District, New York, NY $3,650 $4,569 $6,474 $4,360
Midtown East, New York, NY $3,400 $4,500 $5,300 $4,600
Hell's Kitchen, New York, NY $3,695 $4,375 $5,995 $4,660
East Village, New York, NY $2,859 $3,598 $4,595 $4,795
Greenwich Village, New York, NY $4,100 $5,000 $4,975 $4,800
West Village, New York, NY $3,950 $5,000 $6,495 $4,800
Williamsburg, New York, NY $3,950 $4,664 $4,750 $4,924
Upper West Side, New York, NY $3,395 $4,450 $7,000 $4,950
Midtown South, New York, NY $3,525 $4,963 $6,995 $5,000
Hudson Yards, New York, NY $3,750 $4,550 $6,995 $5,063
Battery Park City, New York, NY $3,865 $4,900 $6,750 $5,070
Kips Bay, New York, NY $3,885 $4,148 $5,450 $5,195
Lower East Side, New York, NY $3,300 $3,795 $4,595 $5,250
Chelsea, New York, NY $3,900 $5,562 $7,995 $5,350
NoMad, New York, NY $4,419 $5,572 $8,677 $5,589
Gramercy Park, New York, NY $3,815 $4,950 $5,795 $5,983
Midtown, New York, NY $3,475 $4,595 $6,500 $6,264
Tribeca, New York, NY $4,538 $5,999 $7,495 $6,595

Top Counties Near 07302

There are a total of 46 counties located by 07302, Jersey City, NJ. Some of these counties include Hudson, NJ, Kings, New York, NY, and New York, NY. The average rent for rentals in these counties is $4,000. That's roughly around $5 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Hudson, NJ. It's average rent per month is $2,789. Vice versa, with an average rent of $4,650, New York, NY is the most expensive county by 07302, Jersey City, NJ.

Typically, rent for studios in 07302, Jersey City, NJ is 26.56% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07302, Jersey City, NJ is 20.13% more affordable than other counties nearby. Finally, rent for two bedrooms in 07302, Jersey City, NJ is 4.73% more expensive than other counties nearby. We've listed the top 3 counties in the chart below.
County Studio 1 Bed 2 Bed All
Hudson, NJ $2,125 $2,503 $2,700 $2,789
Kings, New York, NY $3,550 $4,013 $3,995 $4,000
New York, NY $3,650 $4,403 $5,695 $4,650

Top Zipcodes Near 07302

There are a total of 49 zipcodes in or near 07302, Jersey City, NJ. The average rent for all of these zipcodes is $4,421. A total of 10 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 $2,500 per month. In comparison, the zipcode with the most expensive average rent of $6,500 per month is 10007, New York, NY.

Studios in these zipcodes have an average rent of $3,400. 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 07302, Jersey City, NJ is $4,272 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,575 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07302, Jersey City, 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 $3,750 $4,248 $5,780 $4,600
10003, New York, NY $4,000 $4,725 $5,635 $5,500
10019, New York, NY $3,500 $4,396 $6,495 $4,980
10009, New York, NY $2,775 $3,695 $4,595 $4,695
10128, New York, NY $3,000 $3,900 $5,333 $4,200
10038, New York, NY $3,599 $4,560 $6,495 $4,500
10022, New York, NY $3,400 $4,600 $4,995 $4,547
10005, New York, NY $3,675 $4,650 $6,410 $4,334
10011, New York, NY $3,750 $5,500 $6,223 $4,750
10010, New York, NY $4,050 $4,955 $5,405 $5,321

Frequently Asked Questions - 07302 Average Rents

What is the average rent price in 07302, Jersey City, NJ?
The average monthly rental price for 07302, Jersey City, NJ apartments for rent is approximately $3,475. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 07302, Jersey 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 07302, Jersey City, NJ.
How much is a studio apartment in 07302, Jersey City, NJ?
The average monthly rental price for studio apartments is $2,805 and an average price per square feet of $4.90. There are a total of 9 studio apartment listings currently available for rent in 07302.
How much is a one bedroom apartment in 07302, Jersey City, NJ?
The average monthly rental price for one bedroom apartments is $3,340 and an average price per square feet of $4.39. There are a total of 51 one bedroom apartment listings currently available for rent in 07302.
How much is a two bedroom apartment in 07302, Jersey City, NJ?
The average monthly rental price for two bedroom apartments is $4,194 and an average price per square feet of $4.15. There are a total of 40 two bedroom apartment listings currently available for rent in 07302.
How have rent prices in 07302, Jersey City, NJ changed this year?
Rent prices for rentals in 07302, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.13%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by -0.16% year-over-year.
What is a reasonable rent price in 07302, Jersey City, NJ?
A reasonable rent price in 07302, Jersey City, NJ is around $2,780/month. You can search for these reasonably priced rental listings on RentHop.
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