Average Rent in Essex, NJ

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Current Versus Historical Essex, NJ Rents

Essex rentals average $1,925 for a studio rental to $3,775 for a 4-bedroom rental. The median price of all currently available listings is $2,495, or roughly $2 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 $156 (9.76%) year-over-year from $1,602 to $1,758. 1-bedroom rentals prices have increased by $342 (23.43%) year-over-year from $1,458 to $1,800. 2-bedroom rentals prices have increased by $555 (30.92%) year-over-year from $1,795 to $2,350. 3-bedroom rentals prices have increased by $608 (30.49%) year-over-year from $1,993 to $2,600. 4-bedroom rentals prices have increased by $892 (33.54%) year-over-year from $2,658 to $3,550. 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 1.76% this month. 1-bedroom rents have gone up by 4.85% this month. 2-bedroom rents have gone up by 5.22% this month. 3-bedroom rents have gone up by 5.41% this month. 4-bedroom rents have gone up by 3.40% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,758	$1,602 (9.76%)	$1,842 (-4.54%)
1 BR	$2.63	$1,800	$1,458 (23.43%)	$1,350 (33.35%)
2 BR	$1.89	$2,350	$1,795 (30.92%)	$1,667 (41.00%)
3 BR	$2.40	$2,600	$1,993 (30.49%)	$1,767 (47.17%)
4+ BR	$2.31	$3,550	$2,658 (33.54%)	$2,250 (57.78%)

Historical Rents in Essex, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Essex

There are a total of 14 cities nearby Essex. The average rent in Essex is currently $2,700 per month. A total of 6 cities nearby have an average rent lower than that. Our records show that Paterson, NJ, with an average rent of $2,000, is the most affordable city nearby. In contrast, the most expensive city near Essex, NJ is New York, NY. Monthly rents here are on average $4,395 per month.

Let's compare Essex, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Essex, NJ is 1.30% more expensive than other cities nearby. One bedrooms are about 12.71% more affordable. Two bedrooms in Essex, NJ are about 8.22% more affordable. Finally, rent for three bedrooms are about 17.82% more affordable. Want more information? Check out the top 10 cities out of 14 total cities near Essex, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Paterson, NJ	$1,900	$1,750	$1,975	$2,000
Newark, NJ	$2,000	$2,074	$2,100	$2,300
Hackensack, NJ	$1,600	$1,963	$2,700	$2,325
East Orange, NJ	$1,650	$1,963	$2,625	$2,400
Elizabeth, NJ	N/A	$1,750	$2,300	$2,400
Bayonne, NJ	$2,325	$2,057	$2,400	$2,400
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
West New York, NJ	N/A	$2,525	$2,850	$2,700
Union City, NJ	$1,900	$2,250	$2,800	$2,750
Hoboken, NJ	$3,033	$3,179	$4,225	$3,700

Top Neighborhoods Near Essex

There are a total of 49 neighborhoods in or near Essex. Some of these neighborhoods include Washington Heights, Flatbush, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 49 total neighborhoods in or near Essex, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Essex, NJ is currently around $4,450 per month. Meaning, only thirty neighborhoods have a higher average rent than $4,450. Interestingly, the neighborhoods' average rent is higher than Essex's average rent, which is only $2,495. Out of all the neighborhoods in or near Essex, The Heights has the most affordable average rent at $2,625 per month. Whereas, at $7,950 average rent per month, SoHo is the most expensive neighborhood in or near Essex. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$1,975	$2,400	$2,990	$3,149
Flatbush, New York, NY	$2,800	$2,892	$3,150	$3,296
Bedford-Stuyvesant, New York, NY	$2,375	$2,850	$3,150	$3,300
East Harlem, New York, NY	$2,675	$3,056	$3,195	$3,300
Harlem, New York, NY	$2,595	$3,050	$3,300	$3,400
Bushwick, New York, NY	$2,650	$2,799	$3,450	$3,450
Crown Heights, New York, NY	$2,800	$2,800	$3,675	$3,500
West Harlem, New York, NY	$2,650	$3,000	$3,400	$3,500
Upper East Side, New York, NY	$2,975	$3,606	$4,973	$4,000
Long Island City, New York, NY	$3,314	$4,035	$5,905	$4,040
Downtown Brooklyn, New York, NY	$3,400	$4,173	$5,880	$4,150
Prospect Heights, New York, NY	$3,612	$4,420	$6,068	$4,300
Financial District, New York, NY	$3,515	$4,500	$6,457	$4,329
Hell's Kitchen, New York, NY	$3,500	$4,045	$6,095	$4,450
East Village, New York, NY	$2,898	$3,600	$4,495	$4,495
Midtown East, New York, NY	$3,500	$4,200	$5,595	$4,500
Williamsburg, New York, NY	$3,638	$4,506	$4,650	$4,700
West Village, New York, NY	$4,750	$4,750	$6,750	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,075	$4,800
Murray Hill, New York, NY	$3,600	$4,300	$6,598	$4,905
Kips Bay, New York, NY	$3,795	$4,095	$5,308	$4,950
Upper West Side, New York, NY	$3,225	$4,475	$6,549	$4,995
Midtown South, New York, NY	$3,785	$4,995	$6,876	$5,000
Hudson Yards, New York, NY	$3,763	$4,495	$6,900	$5,022
Lower East Side, New York, NY	$3,748	$3,495	$4,495	$5,195
Chelsea, New York, NY	$3,995	$5,498	$7,925	$5,235
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,523
NoMad, New York, NY	$4,455	$5,598	$8,720	$5,676
Gramercy Park, New York, NY	$3,815	$5,175	$5,295	$6,045
Tribeca, New York, NY	$4,250	$6,000	$7,295	$6,895

Top Counties Near Essex

There are a total of 49 counties located by Essex, NJ. Some of these counties include Paterson, NJ, Irvington, NJ, and Newark, NJ. The average rent for rentals in these counties is $2,700. That's roughly around $3 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Paterson, NJ. It's average rent per month is $2,000. Vice versa, with an average rent of $4,600, Manhattan, New York, NY is the most expensive county by Essex, NJ.

Typically, rent for studios in Essex, NJ is 1.30% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Essex, NJ is 9.68% more affordable than other counties nearby. Finally, rent for two bedrooms in Essex, NJ is 8.22% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Paterson, NJ	$1,900	$1,750	$1,975	$2,000
Irvington, NJ	$1,625	$1,600	$2,000	$2,150
Newark, NJ	$2,000	$2,074	$2,100	$2,300
East Orange, NJ	$1,650	$1,963	$2,625	$2,400
Elizabeth, NJ	N/A	$1,750	$2,300	$2,400
Bayonne, NJ	$2,325	$2,057	$2,400	$2,400
Montclair, NJ	$1,963	$1,920	$2,675	$2,675
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,250	$2,800	$2,750
North Bergen, NJ	$2,149	$2,125	$2,850	$2,850

Top Zipcodes Near Essex

There are a total of 49 zipcodes in or near Essex, 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 $6,900 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,425. 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 Essex, NJ is $4,195 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,520 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Essex, 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	$4,215	$5,925	$4,716
10003, New York, NY	$3,815	$4,800	$5,111	$4,950
10019, New York, NY	$3,525	$4,200	$6,500	$4,713
10009, New York, NY	$2,625	$3,625	$4,495	$4,495
10128, New York, NY	$3,495	$3,750	$5,520	$3,950
10038, New York, NY	$3,553	$4,500	$6,400	$4,405
10022, New York, NY	$3,350	$4,500	$5,148	$4,500
10005, New York, NY	$3,535	$4,600	$6,410	$4,276
10011, New York, NY	$3,600	$5,743	$6,850	$4,750
10010, New York, NY	$4,050	$4,700	$5,405	$5,341

Frequently Asked Questions - Essex Average Rents

What is the average rent price in Essex, NJ?

The average monthly rental price for Essex, NJ apartments for rent is approximately $2,495. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Essex, 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 Essex, NJ.

How much is a studio apartment in Essex, NJ?

The average monthly rental price for studio apartments is $1,925 and an average price per square feet of $0. There are a total of 38 studio apartment listings currently available for rent in Essex.

How much is a one bedroom apartment in Essex, NJ?

The average monthly rental price for one bedroom apartments is $1,938 and an average price per square feet of $2.63. There are a total of 96 one bedroom apartment listings currently available for rent in Essex.

How much is a two bedroom apartment in Essex, NJ?

The average monthly rental price for two bedroom apartments is $2,495 and an average price per square feet of $1.89. There are a total of 198 two bedroom apartment listings currently available for rent in Essex.

How have rent prices in Essex, NJ changed this year?

Rent prices for rentals in Essex, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.23%, two bedroom rental prices have changed by 0.31%, and three bedroom rental prices have changed by 0.30% year-over-year.

What is a reasonable rent price in Essex, NJ?

A reasonable rent price in Essex, NJ is around $1,996/month. You can search for these reasonably priced rental listings on RentHop.