Average Rent in Jersey City, NJ

Current Versus Historical Jersey City, NJ Rents

Jersey City rentals average $2,390 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $3,179, or roughly $5 per square feet.

For the apartment units and housing in July 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $2 (0.08%) year-over-year from $2,128 to $2,130. 1-bedroom rentals prices have increased by $253 (10.46%) year-over-year from $2,416 to $2,669. 2-bedroom rentals prices have increased by $800 (29.62%) year-over-year from $2,700 to $3,500. 3-bedroom rentals prices have increased by $233 (8.43%) year-over-year from $2,767 to $3,000. 4-bedroom rentals prices have increased by $83 (2.27%) year-over-year from $3,667 to $3,750. 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 down by 6.30% this month. 1-bedroom rents have gone up by 3.81% this month. 2-bedroom rents have gone up by 18.64% this month. 3-bedroom rents have gone up by 0.17% this month. 4-bedroom rents have gone up by 1.35% this month.

Beds	Price / Sqft	Jul 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.17	$2,130	$2,128 (0.08%)	$1,692 (25.91%)
1 BR	$4.67	$2,669	$2,416 (10.46%)	$1,615 (65.23%)
2 BR	$4.20	$3,500	$2,700 (29.62%)	$1,848 (89.41%)
3 BR	$4.44	$3,000	$2,767 (8.43%)	$1,971 (52.25%)
4+ BR	N/A	$3,750	$3,667 (2.27%)	$2,433 (54.12%)

Historical Rents in Jersey City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Jersey City

There are a total of 5 cities nearby Jersey City. The average rent in Jersey City is currently $2,848 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 Jersey City, NJ is New York, NY. Monthly rents here are on average $4,495 per month.

Let's compare Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Jersey City, NJ is 24.69% more expensive than other cities nearby. One bedrooms are about 37.32% more expensive. Two bedrooms in Jersey City, NJ are about 0.86% more affordable. Finally, rent for three bedrooms are about 37.93% more affordable. Want more information? Check out the top 5 cities near Jersey City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,800	$1,675	$2,050	$2,300
Elizabeth, NJ	N/A	$1,900	$2,200	$2,525
Fort Lee, NJ	$1,900	$2,375	$3,505	$2,848
Cliffside Park, NJ	N/A	$2,050	$3,975	$3,600
New York, NY	$3,585	$4,354	$5,295	$4,495

Top Neighborhoods Near Jersey City

There are a total of 45 neighborhoods in or near Jersey City. Some of these neighborhoods include Flatbush, Washington Heights, and West Harlem. We've included the top 30 neighborhoods out of 45 total neighborhoods in or near Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Jersey City, NJ is currently around $4,550 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-nine neighborhoods have a higher average rent than $4,550. Interestingly, the neighborhoods' average rent is higher than Jersey City's average rent, which is only $3,179. Out of all the neighborhoods in or near Jersey City, East Flatbush has the most affordable average rent at $3,162 per month. Whereas, at $7,195 average rent per month, Tribeca is the most expensive neighborhood in or near Jersey City. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Flatbush, New York, NY	$2,562	$3,100	$3,150	$3,200
Washington Heights, New York, NY	$2,175	$2,400	$2,995	$3,300
West Harlem, New York, NY	$2,685	$3,100	$3,495	$3,395
Bedford-Stuyvesant, New York, NY	$2,438	$2,815	$3,400	$3,400
Harlem, New York, NY	$2,650	$2,995	$3,400	$3,500
Crown Heights, New York, NY	$2,633	$2,850	$3,775	$3,600
East Harlem, New York, NY	$2,495	$2,995	$3,395	$3,795
Prospect Heights, New York, NY	$3,600	$4,413	$5,991	$4,165
Long Island City, New York, NY	$3,365	$4,125	$6,150	$4,195
Upper East Side, New York, NY	$2,900	$3,600	$5,000	$4,195
Financial District, New York, NY	$3,695	$4,720	$6,780	$4,420
Murray Hill, New York, NY	$3,400	$4,595	$7,407	$4,495
Downtown Brooklyn, New York, NY	$3,484	$4,350	$6,000	$4,500
West Village, New York, NY	$3,995	$4,650	$7,445	$4,550
Hell's Kitchen, New York, NY	$3,700	$4,500	$5,885	$4,595
Midtown East, New York, NY	$3,400	$4,475	$6,361	$4,625
Greenwich Village, New York, NY	$4,100	$5,095	$4,395	$4,800
Midtown South, New York, NY	$3,700	$4,800	$5,050	$4,850
Upper West Side, New York, NY	$3,450	$4,250	$7,000	$4,906
Midtown, New York, NY	$3,523	$4,750	$6,995	$4,968
Kips Bay, New York, NY	$3,845	$4,070	$5,345	$4,995
Williamsburg, New York, NY	$3,947	$4,699	$5,200	$5,000
East Village, New York, NY	$2,700	$3,850	$5,200	$5,295
Hudson Yards, New York, NY	$3,590	$5,000	$7,600	$5,300
Chelsea, New York, NY	$4,123	$5,476	$8,000	$5,405
Gramercy Park, New York, NY	$3,725	$4,895	$5,495	$5,495
Battery Park City, New York, NY	$4,110	$5,209	$7,250	$5,750
NoMad, New York, NY	$4,395	$5,663	$8,123	$5,781
Lower East Side, New York, NY	$2,625	$4,195	$5,295	$5,995
Tribeca, New York, NY	$4,500	$5,999	$8,340	$7,195

Top Counties Near Jersey City

There are a total of 45 counties located by 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. A total of 1 counties have a lower average rent. The county that is the most affordable is Hudson, NJ. It's average rent per month is $2,900. Vice versa, with an average rent of $4,698, New York, NY is the most expensive county by Jersey City, NJ.

Typically, rent for studios in Jersey City, NJ is 46.03% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Jersey City, NJ is 13.13% more affordable than other counties nearby. Finally, rent for two bedrooms in Jersey City, NJ is 18.27% 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	$2,493	$2,600	$2,950	$2,900
Kings, New York, NY	$3,490	$3,700	$4,110	$3,950
New York, NY	$3,600	$4,495	$5,600	$4,698

Top Zipcodes Near Jersey City

There are a total of 46 zipcodes in or near Jersey City, NJ. The average rent for all of these zipcodes is $4,567.

The following chart includes the top 10 zipcodes in 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	$3,550	$4,384	$5,799	$4,850
10003, New York, NY	$3,900	$4,845	$5,250	$5,070
10019, New York, NY	$3,700	$4,570	$6,300	$4,708
10009, New York, NY	$2,660	$3,798	$5,250	$5,295
10128, New York, NY	$3,250	$3,900	$5,193	$4,200
10038, New York, NY	$3,770	$4,733	$6,390	$4,598
10022, New York, NY	$3,450	$4,650	$6,250	$4,800
10005, New York, NY	$3,712	$4,895	$7,619	$4,304
10011, New York, NY	$3,925	$5,423	$8,258	$4,750
10010, New York, NY	$3,955	$4,878	$5,395	$4,995

Frequently Asked Questions - Jersey City Average Rents

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

The average monthly rental price for Jersey City, NJ apartments for rent is approximately $3,179. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Jersey City, NJ.

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

The average monthly rental price for studio apartments is $2,390 and an average price per square feet of $5.17. There are a total of 10 studio apartment listings currently available for rent in Jersey City.

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

The average monthly rental price for one bedroom apartments is $3,271 and an average price per square feet of $4.67. There are a total of 42 one bedroom apartment listings currently available for rent in Jersey City.

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

The average monthly rental price for two bedroom apartments is $3,475 and an average price per square feet of $4.20. There are a total of 34 two bedroom apartment listings currently available for rent in Jersey City.

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

Rent prices for rentals in Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.00%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.30%, and three bedroom rental prices have changed by 0.08% year-over-year.

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

A reasonable rent price in Jersey City, NJ is around $2,543/month. You can search for these reasonably priced rental listings on RentHop.