Average Rent in 07307, Jersey City, NJ

Current Versus Historical 07307, Jersey City, NJ Rents

07307 rentals average $0 for a studio rental to $3,000 for a 3-bedroom rental. The median price of all currently available listings is $2,525, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $1,959 (106.37%) year-over-year from $1,841 to $3,800. 1-bedroom rentals prices have increased by $63 (3.40%) year-over-year from $1,838 to $1,900. 2-bedroom rentals prices have increased by $350 (15.57%) year-over-year from $2,250 to $2,600. 3-bedroom rentals prices have decreased by $75 (-2.44%) year-over-year from $3,075 to $3,000. 4-bedroom rentals prices have increased by $543 (15.71%) year-over-year from $3,457 to $4,000. 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 61.13% this month. 1-bedroom rents have gone up by 0.18% this month. 2-bedroom rents have gone up by 1.63% this month. 3-bedroom rents have gone up by 2.86% this month. 4-bedroom rents have gone up by 5.26% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.25	$1,900	$1,838 (3.40%)	$1,461 (30.06%)
2 BR	$2.90	$2,600	$2,250 (15.57%)	$1,794 (44.93%)
3 BR	$2.69	$3,000	$3,075 (-2.44%)	$2,233 (34.34%)

Historical Rents in 07307, Jersey City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 07307

There are a total of 10 cities nearby 07307. The average rent in 07307 is currently $2,738 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 07307, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,395 per month.

Let's compare 07307, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07307, Jersey City, NJ is inf% more affordable than other cities nearby. One bedrooms are about 8.95% more affordable. Two bedrooms in 07307, Jersey City, NJ are about 11.88% more affordable. Finally, rent for three bedrooms are about 0.83% more expensive. Want more information? Check out the top 10 cities near 07307, 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	$2,698
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,775
Fort Lee, NJ	$1,500	$2,385	$3,148	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,100	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
New York, NY	$3,500	$4,212	$5,095	$4,395

Top Neighborhoods Near 07307

There are a total of 46 neighborhoods in or near 07307. Some of these neighborhoods include Washington Heights, Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 46 total neighborhoods in or near 07307, Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near 07307, Jersey City, NJ is currently around $4,500 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than 07307's average rent, which is only $2,525. Out of all the neighborhoods in or near 07307, The Heights has the most affordable average rent at $2,650 per month. Whereas, at $6,900 average rent per month, Tribeca is the most expensive neighborhood in or near 07307. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$2,175	$2,400	$2,993	$3,149
Flatbush, New York, NY	$2,800	$3,000	$3,150	$3,278
Bedford-Stuyvesant, New York, NY	$2,375	$2,869	$3,000	$3,299
East Harlem, New York, NY	$2,675	$3,165	$3,195	$3,300
Harlem, New York, NY	$2,595	$3,048	$3,300	$3,414
Crown Heights, New York, NY	$2,800	$2,700	$3,675	$3,449
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,499
Long Island City, New York, NY	$3,323	$3,990	$5,905	$3,950
Upper East Side, New York, NY	$2,875	$3,700	$4,950	$4,000
Downtown Brooklyn, New York, NY	$3,376	$4,195	$5,765	$4,175
Prospect Heights, New York, NY	$3,575	$4,400	$6,068	$4,300
Financial District, New York, NY	$3,500	$4,495	$6,375	$4,331
Hell's Kitchen, New York, NY	$3,500	$4,085	$6,001	$4,500
East Village, New York, NY	$2,898	$3,600	$4,495	$4,500
Midtown East, New York, NY	$3,350	$4,200	$5,595	$4,550
Williamsburg, New York, NY	$3,619	$4,500	$4,650	$4,650
Murray Hill, New York, NY	$3,600	$4,266	$6,480	$4,650
West Village, New York, NY	$4,575	$4,573	$6,250	$4,795
Kips Bay, New York, NY	$3,785	$4,170	$5,235	$4,800
Greenwich Village, New York, NY	$4,150	$4,800	$5,105	$4,800
Upper West Side, New York, NY	$3,200	$4,477	$6,224	$4,900
Midtown South, New York, NY	$3,840	$4,895	$6,865	$4,967
Hudson Yards, New York, NY	$3,783	$4,590	$6,900	$5,000
Lower East Side, New York, NY	$3,748	$3,395	$4,598	$5,195
Chelsea, New York, NY	$4,150	$5,495	$7,790	$5,295
Battery Park City, New York, NY	$3,550	$4,545	$6,750	$5,500
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,535
NoMad, New York, NY	$4,454	$5,581	$8,506	$5,686
Gramercy Park, New York, NY	$3,815	$5,086	$5,295	$6,125
Tribeca, New York, NY	$4,250	$6,125	$7,295	$6,900

Top Counties Near 07307

There are a total of 46 counties located by 07307, Jersey City, NJ. Some of these counties include Newark, NJ, Bayonne, NJ, and West New York, NJ. The average rent for rentals in these counties is $2,813. 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 07307, Jersey City, NJ.

Typically, rent for studios in 07307, Jersey City, NJ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07307, Jersey City, NJ is 8.95% more affordable than other counties nearby. Finally, rent for two bedrooms in 07307, Jersey City, NJ is 12.87% 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
West New York, NJ	N/A	$2,525	$2,850	$2,698
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,775
North Bergen, NJ	$2,250	$2,125	$2,850	$2,850
Fort Lee, NJ	$1,500	$2,385	$3,148	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,100	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
Manhattan, New York, NY	$3,553	$4,390	$5,500	$4,595

Top Zipcodes Near 07307

There are a total of 49 zipcodes in or near 07307, Jersey City, NJ. The average rent for all of these zipcodes is $4,405. 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 $6,750 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 07307, Jersey City, NJ is $4,199 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,384 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in 07307, 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	$4,269	$5,898	$4,668
10003, New York, NY	$3,850	$4,800	$5,075	$4,925
10019, New York, NY	$3,589	$4,199	$6,430	$4,875
10009, New York, NY	$2,625	$3,673	$4,495	$4,498
10128, New York, NY	$3,390	$3,803	$5,384	$3,950
10038, New York, NY	$3,470	$4,500	$6,462	$4,405
10022, New York, NY	$3,350	$4,500	$5,300	$4,500
10005, New York, NY	$3,554	$4,510	$5,825	$4,250
10011, New York, NY	$3,600	$5,700	$5,600	$4,795
10010, New York, NY	$4,050	$4,550	$5,393	$5,320

Frequently Asked Questions - 07307 Average Rents

What is the average rent price in 07307, Jersey City, NJ?

The average monthly rental price for 07307, Jersey City, NJ apartments for rent is approximately $2,525. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 07307, 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 07307, Jersey City, NJ.

How much is a studio apartment in 07307, Jersey City, NJ?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 07307.

How much is a one bedroom apartment in 07307, Jersey City, NJ?

The average monthly rental price for one bedroom apartments is $2,150 and an average price per square feet of $3.25. There are a total of 31 one bedroom apartment listings currently available for rent in 07307.

How much is a two bedroom apartment in 07307, Jersey City, NJ?

The average monthly rental price for two bedroom apartments is $2,525 and an average price per square feet of $2.90. There are a total of 36 two bedroom apartment listings currently available for rent in 07307.

How have rent prices in 07307, Jersey City, NJ changed this year?

Rent prices for rentals in 07307, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 1.06%, one bedroom rental prices have changed by 0.03%, two bedroom rental prices have changed by 0.16%, and three bedroom rental prices have changed by -0.02% year-over-year.

What is a reasonable rent price in 07307, Jersey City, NJ?

A reasonable rent price in 07307, Jersey City, NJ is around $2,020/month. You can search for these reasonably priced rental listings on RentHop.