Average Rent in 07306, Jersey City, NJ

Current Versus Historical 07306, Jersey City, NJ Rents

07306 rentals average $2,825 for a studio rental to $4,150 for a 4-bedroom rental. The median price of all currently available listings is $2,650, 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 $896 (47.99%) year-over-year from $1,867 to $2,763. 1-bedroom rentals prices have increased by $283 (14.05%) year-over-year from $2,017 to $2,300. 2-bedroom rentals prices have increased by $29 (1.11%) year-over-year from $2,621 to $2,650. 3-bedroom rentals prices have increased by $42 (1.26%) year-over-year from $3,308 to $3,350. 4-bedroom rentals prices have increased by $967 (29.90%) year-over-year from $3,233 to $4,200. 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 19.03% this month. 1-bedroom rents have gone up by 9.96% this month. 2-bedroom rents have gone up by 3.92% this month. 3-bedroom rents have gone down by 0.00% this month. 4-bedroom rents have gone down by 2.33% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.63	$2,763	$1,867 (47.99%)	$1,604 (72.21%)
1 BR	$4.47	$2,300	$2,017 (14.05%)	$1,482 (55.23%)
2 BR	$3.26	$2,650	$2,621 (1.11%)	$1,715 (54.55%)
3 BR	$3.26	$3,350	$3,308 (1.26%)	$2,216 (51.18%)
4+ BR	$2.53	$4,200	$3,233 (29.90%)	$3,367 (24.75%)

Historical Rents in 07306, Jersey City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07306

There are a total of 10 cities nearby 07306. The average rent in 07306 is currently $2,750 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 $2,349, is the most affordable city nearby. In contrast, the most expensive city near 07306, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,395 per month.

Let's compare 07306, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07306, Jersey City, NJ is 28.32% more expensive than other cities nearby. One bedrooms are about 2.40% more expensive. Two bedrooms in 07306, Jersey City, NJ are about 6.60% more affordable. Finally, rent for three bedrooms are about 6.25% more expensive. Want more information? Check out the top 10 cities near 07306, Jersey City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,150	$1,900	$2,100	$2,349
Bayonne, NJ	$2,325	$2,047	$2,400	$2,400
Elizabeth, NJ	$1,861	$1,750	$2,300	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,695
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,800
Fort Lee, NJ	$1,500	$2,385	$3,148	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
New York, NY	$3,500	$4,204	$5,150	$4,395

Top Neighborhoods Near 07306

There are a total of 45 neighborhoods in or near 07306. 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 07306, Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07306, Jersey City, NJ is currently around $4,500 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-nine neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than 07306's average rent, which is only $2,650. Out of all the neighborhoods in or near 07306, The Heights has the most affordable average rent at $2,650 per month. Whereas, at $6,895 average rent per month, Tribeca is the most expensive neighborhood in or near 07306. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$1,827	$2,450	$2,993	$3,149
Bedford-Stuyvesant, New York, NY	$2,388	$2,875	$3,000	$3,204
Flatbush, New York, NY	$2,800	$3,000	$3,193	$3,284
East Harlem, New York, NY	$2,675	$3,071	$3,195	$3,348
Crown Heights, New York, NY	$2,800	$2,700	$3,675	$3,375
Harlem, New York, NY	$2,595	$3,000	$3,300	$3,400
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,497
Long Island City, New York, NY	$3,300	$4,001	$5,905	$3,993
Upper East Side, New York, NY	$2,875	$3,785	$4,995	$4,000
Downtown Brooklyn, New York, NY	$3,421	$4,195	$5,765	$4,166
Prospect Heights, New York, NY	$3,550	$4,410	$6,100	$4,300
Financial District, New York, NY	$3,495	$4,478	$6,375	$4,315
East Village, New York, NY	$2,825	$3,600	$4,495	$4,495
Hell's Kitchen, New York, NY	$3,500	$4,100	$6,000	$4,500
Midtown East, New York, NY	$3,350	$4,200	$5,595	$4,599
Williamsburg, New York, NY	$3,607	$4,450	$4,650	$4,650
Murray Hill, New York, NY	$3,550	$4,300	$6,525	$4,767
West Village, New York, NY	$4,575	$4,573	$5,995	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
Kips Bay, New York, NY	$3,785	$4,180	$5,303	$4,810
Midtown South, New York, NY	$3,785	$4,895	$6,893	$4,913
Upper West Side, New York, NY	$3,200	$4,500	$6,373	$4,950
Lower East Side, New York, NY	$3,173	$3,395	$4,495	$4,995
Hudson Yards, New York, NY	$3,809	$4,595	$6,950	$5,000
Chelsea, New York, NY	$4,193	$5,559	$7,790	$5,363
Battery Park City, New York, NY	$3,550	$4,598	$6,750	$5,500
NoMad, New York, NY	$4,455	$5,582	$8,401	$5,693
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,829
Gramercy Park, New York, NY	$3,815	$5,000	$5,295	$6,195
Tribeca, New York, NY	$4,250	$6,125	$7,295	$6,895

Top Counties Near 07306

There are a total of 45 counties located by 07306, Jersey City, NJ. Some of these counties include Newark, NJ, Bayonne, NJ, and Elizabeth, NJ. The average rent for rentals in these counties is $2,825. 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 $2,349. Vice versa, with an average rent of $4,595, Manhattan, New York, NY is the most expensive county by 07306, Jersey City, NJ.

Typically, rent for studios in 07306, Jersey City, NJ is 22.12% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 07306, Jersey City, NJ is 2.40% more expensive than other counties nearby. Finally, rent for two bedrooms in 07306, Jersey City, NJ is 7.55% 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	$2,150	$1,900	$2,100	$2,349
Bayonne, NJ	$2,325	$2,047	$2,400	$2,400
Elizabeth, NJ	$1,861	$1,750	$2,300	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,695
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,800
North Bergen, NJ	$2,250	$2,125	$2,850	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
Manhattan, New York, NY	$3,557	$4,385	$5,571	$4,595

Top Zipcodes Near 07306

There are a total of 49 zipcodes in or near 07306, Jersey City, NJ. The average rent for all of these zipcodes is $4,406. 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 $6,700 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,398. 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 07306, Jersey City, NJ is $4,203 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,395 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07306, 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	$3,695	$4,295	$5,950	$4,755
10003, New York, NY	$4,000	$4,800	$5,075	$4,950
10019, New York, NY	$3,599	$4,195	$6,430	$4,877
10009, New York, NY	$2,625	$3,695	$4,495	$4,495
10128, New York, NY	$3,403	$3,849	$5,367	$3,950
10038, New York, NY	$3,451	$4,500	$6,460	$4,406
10022, New York, NY	$3,325	$4,500	$5,300	$4,500
10005, New York, NY	$3,569	$4,432	$5,851	$4,241
10011, New York, NY	$3,600	$5,898	$5,667	$4,795
10010, New York, NY	$4,050	$4,550	$5,435	$5,326

Frequently Asked Questions - 07306 Average Rents

What is the average rent price in 07306, Jersey City, NJ?

The average monthly rental price for 07306, Jersey City, NJ apartments for rent is approximately $2,650. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07306, 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 07306, Jersey City, NJ.

How much is a studio apartment in 07306, Jersey City, NJ?

The average monthly rental price for studio apartments is $2,825 and an average price per square feet of $5.63. There are a total of 9 studio apartment listings currently available for rent in 07306.

How much is a one bedroom apartment in 07306, Jersey City, NJ?

The average monthly rental price for one bedroom apartments is $2,400 and an average price per square feet of $4.47. There are a total of 28 one bedroom apartment listings currently available for rent in 07306.

How much is a two bedroom apartment in 07306, Jersey City, NJ?

The average monthly rental price for two bedroom apartments is $2,650 and an average price per square feet of $3.26. There are a total of 61 two bedroom apartment listings currently available for rent in 07306.

How have rent prices in 07306, Jersey City, NJ changed this year?

Rent prices for rentals in 07306, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.48%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in 07306, Jersey City, NJ?

A reasonable rent price in 07306, Jersey City, NJ is around $2,120/month. You can search for these reasonably priced rental listings on RentHop.