Average Rent in 07305, Jersey City, NJ

Current Versus Historical 07305, Jersey City, NJ Rents

07305 rentals average $13,703 for a studio rental to $3,300 for a 4-bedroom rental. The median price of all currently available listings is $2,500, 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 $438 (-16.81%) year-over-year from $2,608 to $2,170. 1-bedroom rentals prices have increased by $899 (59.30%) year-over-year from $1,517 to $2,416. 2-bedroom rentals prices have increased by $125 (6.10%) year-over-year from $2,050 to $2,175. 3-bedroom rentals prices have increased by $58 (2.39%) year-over-year from $2,442 to $2,500. 4-bedroom rentals prices have increased by $183 (6.08%) year-over-year from $3,017 to $3,200. 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 7.34% this month. 1-bedroom rents have gone up by 4.20% this month. 2-bedroom rents have gone down by 1.51% this month. 3-bedroom rents have gone down by 0.63% this month. 4-bedroom rents have gone up by 16.01% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.69	$2,170	$2,608 (-16.81%)	$1,588 (36.69%)
1 BR	$2.82	$2,416	$1,517 (59.30%)	$1,329 (81.79%)
2 BR	$2.38	$2,175	$2,050 (6.10%)	$1,581 (37.57%)
3 BR	$2.11	$2,500	$2,442 (2.39%)	$1,800 (38.91%)
4+ BR	$2.10	$3,200	$3,017 (6.08%)	$2,166 (47.74%)

Historical Rents in 07305, Jersey City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07305

There are a total of 11 cities nearby 07305. The average rent in 07305 is currently $2,825 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 07305, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,400 per month.

Let's compare 07305, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07305, Jersey City, NJ is 86.50% more expensive than other cities nearby. One bedrooms are about 5.01% more affordable. Two bedrooms in 07305, Jersey City, NJ are about 28.00% more affordable. Finally, rent for three bedrooms are about 44.00% more affordable. Want more information? Check out the top 10 cities out of 11 total cities near 07305, Jersey City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,975	$2,075	$2,100	$2,300
Elizabeth, NJ	N/A	$1,700	$2,163	$2,300
Bayonne, NJ	$2,275	$2,047	$2,524	$2,500
Jersey City, NJ	$2,826	$2,700	$2,700	$2,800
Union City, NJ	$1,850	$2,150	$2,800	$2,800
West New York, NJ	$1,700	$2,550	$3,025	$2,825
Cliffside Park, NJ	N/A	$2,125	$3,350	$3,345
Palisades Park, NJ	$1,675	$1,950	$2,750	$3,500
Hoboken, NJ	$3,056	$3,250	$3,950	$3,610
New York, NY	$3,535	$4,200	$5,100	$4,400

Top Neighborhoods Near 07305

There are a total of 44 neighborhoods in or near 07305. Some of these neighborhoods include Washington Heights, Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 44 total neighborhoods in or near 07305, Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07305, Jersey City, NJ is currently around $4,520 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,520. Interestingly, the neighborhoods' average rent is higher than 07305's average rent, which is only $2,500. Out of all the neighborhoods in or near 07305, The Heights has the most affordable average rent at $2,700 per month. Whereas, at $7,950 average rent per month, SoHo is the most expensive neighborhood in or near 07305. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$2,300	$2,200	$2,790	$3,250
Flatbush, New York, NY	$2,625	$3,000	$3,288	$3,250
Bedford-Stuyvesant, New York, NY	$2,373	$2,750	$3,200	$3,395
Harlem, New York, NY	$2,642	$2,998	$3,200	$3,450
East Harlem, New York, NY	$2,975	$3,089	$3,195	$3,495
West Harlem, New York, NY	$2,650	$2,850	$3,350	$3,499
Crown Heights, New York, NY	$2,800	$2,873	$3,719	$3,675
Long Island City, New York, NY	$3,323	$3,954	$6,000	$3,952
Upper East Side, New York, NY	$2,863	$3,400	$5,500	$4,000
Downtown Brooklyn, New York, NY	$3,421	$4,255	$6,011	$4,264
Prospect Heights, New York, NY	$3,625	$4,405	$6,165	$4,295
Financial District, New York, NY	$3,598	$4,500	$6,450	$4,370
Murray Hill, New York, NY	$3,500	$4,200	$6,200	$4,488
Hell's Kitchen, New York, NY	$3,500	$4,034	$5,876	$4,495
Hudson Yards, New York, NY	$3,644	$4,270	$6,695	$4,545
Midtown East, New York, NY	$3,400	$4,350	$5,650	$4,566
East Village, New York, NY	$2,738	$3,673	$4,595	$4,650
Lower East Side, New York, NY	$2,765	$3,445	$4,495	$4,700
Williamsburg, New York, NY	$3,665	$4,509	$4,650	$4,714
Greenwich Village, New York, NY	$3,590	$4,800	$5,013	$4,770
West Village, New York, NY	$3,900	$5,200	$6,750	$4,800
Kips Bay, New York, NY	$3,803	$4,100	$5,339	$4,995
Upper West Side, New York, NY	$3,288	$4,500	$6,898	$4,995
Midtown South, New York, NY	$3,560	$5,000	$6,865	$5,000
Chelsea, New York, NY	$3,880	$5,430	$7,795	$5,200
Battery Park City, New York, NY	$3,745	$4,888	$6,750	$5,500
NoMad, New York, NY	$4,444	$5,589	$8,401	$5,667
Midtown, New York, NY	$3,200	$4,400	$6,550	$5,750
Gramercy Park, New York, NY	$3,815	$5,086	$5,675	$6,395
Tribeca, New York, NY	$4,425	$5,895	$7,295	$6,800

Top Counties Near 07305

There are a total of 44 counties located by 07305, 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 $3,950. That's roughly around $5 per sqft. The county that is the most affordable is Hudson, NJ. It's average rent per month is $2,800. Vice versa, with an average rent of $4,595, New York, NY is the most expensive county by 07305, Jersey City, NJ.

Typically, rent for studios in 07305, Jersey City, NJ is 74.64% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 07305, Jersey City, NJ is 93.02% more affordable than other counties nearby. Finally, rent for two bedrooms in 07305, Jersey City, NJ is 82.86% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Hudson, NJ	$2,428	$2,530	$2,700	$2,800
Kings, New York, NY	$3,475	$3,952	$4,000	$3,950
New York, NY	$3,593	$4,334	$5,595	$4,595

Top Zipcodes Near 07305

There are a total of 49 zipcodes in or near 07305, Jersey City, NJ. The average rent for all of these zipcodes is $4,368.

The following chart includes the top 10 zipcodes in 07305, 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	$3,650	$4,200	$5,763	$4,530
10003, New York, NY	$3,553	$4,800	$5,110	$5,350
10019, New York, NY	$3,458	$4,295	$6,407	$4,695
10009, New York, NY	$2,625	$3,695	$4,532	$4,595
10128, New York, NY	$3,225	$3,300	$5,670	$4,100
10038, New York, NY	$3,535	$4,510	$6,350	$4,500
10022, New York, NY	$3,500	$4,500	$5,558	$4,500
10005, New York, NY	$3,665	$4,567	$6,540	$4,334
10011, New York, NY	$3,750	$5,500	$6,895	$4,550
10010, New York, NY	$4,050	$4,798	$5,495	$5,500

Frequently Asked Questions - 07305 Average Rents

What is the average rent price in 07305, Jersey City, NJ?

The average monthly rental price for 07305, Jersey City, NJ apartments for rent is approximately $2,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07305, 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 07305, Jersey City, NJ.

How much is a studio apartment in 07305, Jersey City, NJ?

The average monthly rental price for studio apartments is $13,703 and an average price per square feet of $2.69. There are a total of 2 studio apartment listings currently available for rent in 07305.

How much is a one bedroom apartment in 07305, Jersey City, NJ?

The average monthly rental price for one bedroom apartments is $2,048 and an average price per square feet of $2.82. There are a total of 4 one bedroom apartment listings currently available for rent in 07305.

How much is a two bedroom apartment in 07305, Jersey City, NJ?

The average monthly rental price for two bedroom apartments is $2,188 and an average price per square feet of $2.38. There are a total of 24 two bedroom apartment listings currently available for rent in 07305.

How have rent prices in 07305, Jersey City, NJ changed this year?

Rent prices for rentals in 07305, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.17%, one bedroom rental prices have changed by 0.59%, two bedroom rental prices have changed by 0.06%, and three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in 07305, Jersey City, NJ?

A reasonable rent price in 07305, Jersey City, NJ is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.