Average Rent in 07304, Jersey City, NJ

Current Versus Historical 07304, Jersey City, NJ Rents

07304 rentals average $1,824 for a studio rental to $3,995 for a 4-bedroom rental. The median price of all currently available listings is $2,600, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $147 (-7.44%) year-over-year from $1,970 to $1,824. 1-bedroom rentals prices have increased by $366 (19.70%) year-over-year from $1,858 to $2,225. 2-bedroom rentals prices have increased by $458 (21.40%) year-over-year from $2,142 to $2,600. 3-bedroom rentals prices have increased by $25 (0.90%) year-over-year from $2,775 to $2,800. 4-bedroom rentals prices have increased by $33 (0.88%) year-over-year from $3,767 to $3,800. 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 13.82% this month. 1-bedroom rents have gone up by 5.56% this month. 2-bedroom rents have gone up by 5.41% this month. 3-bedroom rents have gone down by 3.45% this month. 4-bedroom rents have gone up by 6.05% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$3.69	$1,824	$1,970 (-7.44%)	$3,239 (-43.71%)
1 BR	$3.09	$2,225	$1,858 (19.70%)	$1,450 (53.47%)
2 BR	$2.74	$2,600	$2,142 (21.40%)	$1,802 (44.27%)
3 BR	$2.19	$2,800	$2,775 (0.90%)	$2,224 (25.88%)
4+ BR	$1.74	$3,800	$3,767 (0.88%)	$2,383 (59.49%)

Historical Rents in 07304, Jersey City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07304

There are a total of 11 cities nearby 07304. The average rent in 07304 is currently $2,800 per month. A total of 3 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 07304, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,400 per month.

Let's compare 07304, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07304, Jersey City, NJ is 4.20% more affordable than other cities nearby. One bedrooms are about 2.17% more expensive. Two bedrooms in 07304, Jersey City, NJ are on par with the other cities nearby. Finally, rent for three bedrooms are about 15.18% more affordable. Want more information? Check out the top 10 cities out of 11 total cities near 07304, Jersey City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,975	$1,800	$2,100	$2,300
Elizabeth, NJ	N/A	$1,700	$2,000	$2,350
Bayonne, NJ	$2,275	$2,047	$2,500	$2,400
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Jersey City, NJ	$2,825	$2,700	$2,650	$2,795
Union City, NJ	$1,900	$2,250	$2,800	$2,800
Cliffside Park, NJ	N/A	$2,100	$3,363	$3,200
Palisades Park, NJ	N/A	$1,950	$2,750	$3,600
Hoboken, NJ	$3,093	$3,200	$3,950	$3,613
New York, NY	$3,500	$4,200	$5,175	$4,400

Top Neighborhoods Near 07304

There are a total of 45 neighborhoods in or near 07304. Some of these neighborhoods include Washington Heights, Bedford-Stuyvesant, and Flatbush. We've included the top 30 neighborhoods out of 45 total neighborhoods in or near 07304, Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07304, Jersey City, NJ is currently around $4,498 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-nine neighborhoods have a higher average rent than $4,498. Interestingly, the neighborhoods' average rent is higher than 07304's average rent, which is only $2,600. Out of all the neighborhoods in or near 07304, Greenville has the most affordable average rent at $2,325 per month. Whereas, at $6,895 average rent per month, Tribeca is the most expensive neighborhood in or near 07304. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$2,000	$2,200	$2,990	$3,149
Bedford-Stuyvesant, New York, NY	$2,350	$2,850	$3,200	$3,310
Flatbush, New York, NY	$2,800	$3,064	$3,455	$3,325
West Harlem, New York, NY	$2,595	$2,800	$3,397	$3,400
Harlem, New York, NY	$2,595	$2,970	$3,300	$3,438
East Harlem, New York, NY	$2,713	$3,000	$3,195	$3,500
Crown Heights, New York, NY	$2,800	$2,700	$3,717	$3,575
Upper East Side, New York, NY	$2,875	$3,395	$5,000	$4,000
Long Island City, New York, NY	$3,324	$4,078	$5,825	$4,066
Downtown Brooklyn, New York, NY	$3,400	$4,255	$5,938	$4,260
Prospect Heights, New York, NY	$3,625	$4,400	$5,966	$4,295
Financial District, New York, NY	$3,521	$4,550	$6,495	$4,384
Hell's Kitchen, New York, NY	$3,472	$4,000	$6,000	$4,498
East Village, New York, NY	$2,650	$3,695	$4,495	$4,595
Murray Hill, New York, NY	$3,540	$4,200	$6,400	$4,600
Hudson Yards, New York, NY	$3,650	$4,300	$6,900	$4,617
Midtown East, New York, NY	$3,550	$4,300	$5,650	$4,700
Williamsburg, New York, NY	$3,745	$4,506	$4,750	$4,750
West Village, New York, NY	$4,500	$4,650	$6,673	$4,800
Greenwich Village, New York, NY	$3,590	$4,800	$5,075	$4,800
Upper West Side, New York, NY	$3,200	$4,500	$6,875	$4,950
Kips Bay, New York, NY	$3,793	$4,080	$5,395	$4,995
Midtown South, New York, NY	$3,785	$5,000	$6,904	$5,090
Chelsea, New York, NY	$3,735	$5,477	$7,890	$5,098
Lower East Side, New York, NY	$3,300	$3,495	$4,498	$5,126
Battery Park City, New York, NY	$3,700	$4,539	$6,350	$5,395
NoMad, New York, NY	$4,444	$5,591	$8,406	$5,662
Midtown, New York, NY	$3,323	$4,400	$6,750	$6,200
Gramercy Park, New York, NY	$3,815	$5,185	$5,314	$6,395
Tribeca, New York, NY	$4,250	$5,895	$7,295	$6,895

Top Counties Near 07304

There are a total of 45 counties located by 07304, Jersey City, NJ. Some of these counties include Newark, NJ, Elizabeth, NJ, and Bayonne, NJ. The average rent for rentals in these counties is $2,800. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Newark, NJ. It's average rent per month is $2,300. Vice versa, with an average rent of $4,595, Manhattan, New York, NY is the most expensive county by 07304, Jersey City, NJ.

Typically, rent for studios in 07304, Jersey City, NJ is 8.31% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07304, Jersey City, NJ is 2.17% more expensive than other counties nearby. Finally, rent for two bedrooms in 07304, Jersey City, NJ is 1.79% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,975	$1,800	$2,100	$2,300
Elizabeth, NJ	N/A	$1,700	$2,000	$2,350
Bayonne, NJ	$2,275	$2,047	$2,500	$2,400
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Jersey City, NJ	$2,825	$2,700	$2,650	$2,795
Union City, NJ	$1,900	$2,250	$2,800	$2,800
North Bergen, NJ	$2,149	$2,100	$2,875	$2,800
Cliffside Park, NJ	N/A	$2,100	$3,363	$3,200
Hoboken, NJ	$3,093	$3,200	$3,950	$3,613
Manhattan, New York, NY	$3,549	$4,371	$5,650	$4,595

Top Zipcodes Near 07304

There are a total of 48 zipcodes in or near 07304, Jersey City, NJ. The average rent for all of these zipcodes is $4,416. 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 07305, Jersey City, NJ at $2,400 per month. In comparison, the zipcode with the most expensive average rent of $6,950 per month is 10007, New York, NY.

Studios in these zipcodes have an average rent of $3,400. 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 07304, Jersey City, NJ is $4,200 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,524 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07304, 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	$3,601	$4,200	$5,895	$4,600
10003, New York, NY	$3,530	$4,800	$5,163	$5,350
10019, New York, NY	$3,491	$4,211	$6,500	$4,700
10009, New York, NY	$2,625	$3,695	$4,495	$4,595
10128, New York, NY	$3,390	$3,400	$5,674	$4,000
10038, New York, NY	$3,500	$4,555	$6,350	$4,500
10022, New York, NY	$3,400	$4,500	$5,300	$4,500
10005, New York, NY	$3,559	$4,583	$6,540	$4,334
10011, New York, NY	$3,600	$5,500	$6,895	$4,495
10010, New York, NY	$4,050	$4,865	$5,495	$5,495

Frequently Asked Questions - 07304 Average Rents

What is the average rent price in 07304, Jersey City, NJ?

The average monthly rental price for 07304, Jersey City, NJ apartments for rent is approximately $2,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07304, 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 07304, Jersey City, NJ.

How much is a studio apartment in 07304, Jersey City, NJ?

The average monthly rental price for studio apartments is $1,824 and an average price per square feet of $3.69. There are a total of 2 studio apartment listings currently available for rent in 07304.

How much is a one bedroom apartment in 07304, Jersey City, NJ?

The average monthly rental price for one bedroom apartments is $2,300 and an average price per square feet of $3.09. There are a total of 15 one bedroom apartment listings currently available for rent in 07304.

How much is a two bedroom apartment in 07304, Jersey City, NJ?

The average monthly rental price for two bedroom apartments is $2,800 and an average price per square feet of $2.74. There are a total of 17 two bedroom apartment listings currently available for rent in 07304.

How have rent prices in 07304, Jersey City, NJ changed this year?

Rent prices for rentals in 07304, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.07%, one bedroom rental prices have changed by 0.20%, two bedroom rental prices have changed by 0.21%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in 07304, Jersey City, NJ?

A reasonable rent price in 07304, Jersey City, NJ is around $2,080/month. You can search for these reasonably priced rental listings on RentHop.