Average Rent in Hoboken, NJ

Current Versus Historical Hoboken, NJ Rents

Hoboken rentals average $3,026 for a studio rental to $10,700 for a 4-bedroom rental. The median price of all currently available listings is $3,700, or roughly $4 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 $413 (15.72%) year-over-year from $2,630 to $3,044. 1-bedroom rentals prices have increased by $347 (12.22%) year-over-year from $2,836 to $3,183. 2-bedroom rentals prices have increased by $368 (9.59%) year-over-year from $3,833 to $4,200. 3-bedroom rentals prices have decreased by $158 (-3.07%) year-over-year from $5,158 to $5,000. 4-bedroom rentals prices have decreased by $815 (-9.35%) year-over-year from $8,715 to $7,900. 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 17.23% this month. 1-bedroom rents have gone up by 7.46% this month. 2-bedroom rents have gone up by 4.76% this month. 3-bedroom rents have gone down by 20.95% this month. 4-bedroom rents have gone up by 20.69% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.70	$3,044	$2,630 (15.72%)	$1,861 (63.56%)
1 BR	$4.25	$3,183	$2,836 (12.22%)	$2,083 (52.76%)
2 BR	$4.09	$4,200	$3,833 (9.59%)	$2,683 (56.52%)
3 BR	$4.01	$5,000	$5,158 (-3.07%)	$3,817 (31.00%)
4+ BR	$6.29	$7,900	$8,715 (-9.35%)	$5,100 (54.90%)

Historical Rents in Hoboken, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Hoboken

There are a total of 3 cities nearby Hoboken. The average rent in Hoboken is currently $2,700 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that West New York, NJ, with an average rent of $2,698, is the most affordable city nearby. In contrast, the most expensive city near Hoboken, NJ is Union City, NJ. Monthly rents here are on average $2,800 per month.

Let's compare Hoboken, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Hoboken, NJ is 37.21% more expensive than other cities nearby. One bedrooms are about 21.07% more expensive. Two bedrooms in Hoboken, NJ are about 34.12% more expensive. Finally, rent for three bedrooms are about 43.07% more expensive. Want more information? Check out the top 3 cities near Hoboken, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
West New York, NJ	N/A	$2,525	$2,850	$2,698
Jersey City, NJ	$2,815	$2,650	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,800

Top Neighborhoods Near Hoboken

There are a total of 19 neighborhoods in or near Hoboken. Some of these neighborhoods include The Heights, The Waterfront, and Bowery. We've included all of these top 19 neighborhoods in or near Hoboken, NJ in the following chart.

The average rent for these 19 neighborhoods in or near Hoboken, NJ is currently around $5,000 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only seventeen neighborhoods have a higher average rent than $5,000. Interestingly, the neighborhoods' average rent is higher than Hoboken's average rent, which is only $3,700. Out of all the neighborhoods in or near Hoboken, The Heights has the most affordable average rent at $2,580 per month. Whereas, at $6,895 average rent per month, Tribeca is the most expensive neighborhood in or near Hoboken. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
The Heights, Jersey City, NJ	N/A	$2,200	$2,550	$2,580
The Waterfront, Jersey City, NJ	$3,033	$3,508	$5,045	$3,616
Bowery, New York, NY	$2,870	$3,995	$3,999	$3,995
Financial District, New York, NY	$3,494	$4,500	$6,388	$4,307
NoLita, New York, NY	$3,545	$4,495	$4,895	$4,495
Hell's Kitchen, New York, NY	$3,500	$4,083	$6,095	$4,500
West Village, New York, NY	$4,750	$4,750	$6,495	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,075	$4,800
Little Italy, New York, NY	$3,900	$5,000	$5,500	$4,950
Midtown South, New York, NY	$3,785	$4,938	$6,865	$5,000
NoHo, New York, NY	$3,850	$5,000	$7,750	$5,000
Hudson Yards, New York, NY	$3,740	$4,545	$6,900	$5,000
Flatiron District, New York, NY	$4,050	$5,898	$8,500	$5,150
Battery Park City, New York, NY	$3,550	$4,539	$6,300	$5,152
Chelsea, New York, NY	$3,966	$5,500	$7,925	$5,295
SoHo, New York, NY	$2,995	$3,950	$14,250	$5,300
NoMad, New York, NY	$4,449	$5,585	$8,506	$5,686
Gramercy Park, New York, NY	$3,815	$5,195	$5,295	$6,039
Tribeca, New York, NY	$4,250	$5,975	$7,295	$6,895

Top Counties Near Hoboken

There are a total of 19 counties located by Hoboken, NJ.

We've listed the top 0 counties in the chart below.

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Hoboken

There are a total of 21 zipcodes in or near Hoboken, NJ. The average rent for all of these zipcodes is $4,795. A total of 5 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07307, Jersey City, NJ at $2,500 per month. In comparison, the zipcode with the most expensive average rent of $6,695 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,500. 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 Hoboken, NJ is $4,500 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $6,278 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Hoboken, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
10003, New York, NY	$3,815	$4,800	$5,112	$5,000
10019, New York, NY	$3,607	$4,179	$6,500	$4,795
10038, New York, NY	$3,480	$4,500	$6,429	$4,400
10005, New York, NY	$3,520	$4,600	$5,851	$4,250
10011, New York, NY	$3,600	$5,812	$6,278	$4,795
10023, New York, NY	$3,425	$4,500	$9,000	$5,383
10036, New York, NY	$3,500	$4,300	$6,325	$4,500
10001, New York, NY	$4,222	$5,382	$7,993	$5,486
10013, New York, NY	$3,900	$5,050	$7,500	$6,695
10014, New York, NY	$4,750	$4,700	$6,895	$4,800

Frequently Asked Questions - Hoboken Average Rents

What is the average rent price in Hoboken, NJ?

The average monthly rental price for Hoboken, NJ apartments for rent is approximately $3,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Hoboken, 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 Hoboken, NJ.

How much is a studio apartment in Hoboken, NJ?

The average monthly rental price for studio apartments is $3,026 and an average price per square feet of $4.70. There are a total of 5 studio apartment listings currently available for rent in Hoboken.

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

The average monthly rental price for one bedroom apartments is $3,199 and an average price per square feet of $4.25. There are a total of 31 one bedroom apartment listings currently available for rent in Hoboken.

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

The average monthly rental price for two bedroom apartments is $4,250 and an average price per square feet of $4.09. There are a total of 35 two bedroom apartment listings currently available for rent in Hoboken.

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

Rent prices for rentals in Hoboken, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.16%, one bedroom rental prices have changed by 0.12%, two bedroom rental prices have changed by 0.10%, and three bedroom rental prices have changed by -0.03% year-over-year.

What is a reasonable rent price in Hoboken, NJ?

A reasonable rent price in Hoboken, NJ is around $2,960/month. You can search for these reasonably priced rental listings on RentHop.