Average Rent in Jersey City, NJ

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Current Versus Historical Jersey City, NJ Rents

Jersey City rentals average $2,375 for a studio rental to $3,800 for a 4-bedroom rental. The median price of all currently available listings is $2,900, or roughly $3 per square feet.
For the apartment units and housing in March 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $636 (31.59%) year-over-year from $2,014 to $2,650. 1-bedroom rentals prices have increased by $316 (14.49%) year-over-year from $2,179 to $2,495. 2-bedroom rentals prices have increased by $321 (12.94%) year-over-year from $2,479 to $2,800. 3-bedroom rentals prices have increased by $326 (12.66%) year-over-year from $2,574 to $2,900. 4-bedroom rentals prices have increased by $667 (20.01%) year-over-year from $3,333 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 13.17% this month. 1-bedroom rents have gone up by 5.35% this month. 2-bedroom rents have gone up by 3.42% this month. 3-bedroom rents have gone up by 3.88% this month. 4-bedroom rents have gone up by 2.61% this month.
Beds
Price / Sqft
Mar 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.03 $2,650 $2,014 (31.59%) $1,666 (59.08%)
1 BR $3.90 $2,495 $2,179 (14.49%) $1,529 (63.16%)
2 BR $3.21 $2,800 $2,479 (12.94%) $1,807 (54.98%)
3 BR $2.48 $2,900 $2,574 (12.66%) $2,032 (42.74%)
4+ BR $2.50 $4,000 $3,333 (20.01%) $2,531 (58.04%)

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 10 cities nearby Jersey City. The average rent in Jersey City is currently $2,978 per month. A total of 5 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 $4,166 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 26.53% more expensive than other cities nearby. One bedrooms are about 13.56% more expensive. Two bedrooms in Jersey City, NJ are about 9.82% more affordable. Finally, rent for three bedrooms are about 19.96% more affordable. Want more information? Check out the top 10 cities near Jersey City, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Newark, NJ $2,250 $2,073 $2,200 $2,300
Bayonne, NJ N/A $2,156 $2,379 $2,399
Elizabeth, NJ $2,250 $1,775 $2,250 $2,415
West New York, NJ N/A $2,513 $2,900 $2,754
Union City, NJ N/A $2,000 $2,700 $2,800
Fort Lee, NJ $1,390 $2,625 $3,400 $3,155
Cliffside Park, NJ N/A $2,588 $3,250 $3,300
Hoboken, NJ $2,300 $3,171 $3,838 $3,400
Edgewater, NJ $2,100 $2,700 $3,850 $3,800
New York, NY $3,345 $4,095 $4,900 $4,166

Top Neighborhoods Near Jersey City

There are a total of 46 neighborhoods in or near Jersey City. Some of these neighborhoods include Flatbush, Washington Heights, and Bedford-Stuyvesant. We've included the top 30 neighborhoods out of 46 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 $4,231 per month. A total of 4 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $4,231. Interestingly, the neighborhoods' average rent is higher than Jersey City's average rent, which is only $2,900. Out of all the neighborhoods in or near Jersey City, Sheepshead Bay has the most affordable average rent at $2,625 per month. Whereas, at $7,622 average rent per month, SoHo 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 $2,555 $2,855 $3,089 $3,022
Washington Heights, New York, NY $2,025 $2,225 $2,795 $3,075
Bedford-Stuyvesant, New York, NY $2,300 $2,800 $3,000 $3,150
Crown Heights, New York, NY $2,800 $2,900 $3,675 $3,225
West Harlem, New York, NY $2,500 $2,875 $3,199 $3,425
Harlem, New York, NY $2,664 $2,995 $3,200 $3,495
East Harlem, New York, NY $2,845 $3,063 $3,395 $3,628
Upper East Side, New York, NY $2,695 $3,450 $5,295 $3,965
Murray Hill, New York, NY $3,450 $3,863 $5,000 $3,977
Long Island City, New York, NY $3,321 $3,950 $5,625 $4,118
Downtown Brooklyn, New York, NY $3,511 $4,125 $5,713 $4,136
Financial District, New York, NY $3,400 $4,365 $5,731 $4,200
Prospect Heights, New York, NY $3,351 $4,195 $5,954 $4,263
Hell's Kitchen, New York, NY $3,331 $3,999 $5,615 $4,350
Midtown East, New York, NY $3,275 $4,300 $5,850 $4,375
Kips Bay, New York, NY $3,695 $3,865 $4,995 $4,395
Lower East Side, New York, NY $3,695 $3,695 $4,495 $4,395
Williamsburg, New York, NY $3,690 $4,263 $4,310 $4,442
East Village, New York, NY $2,650 $3,500 $4,495 $4,495
Upper West Side, New York, NY $3,054 $4,300 $5,750 $4,582
Hudson Yards, New York, NY $3,625 $4,695 $6,530 $4,900
Midtown South, New York, NY $3,875 $4,960 $8,123 $4,913
Chelsea, New York, NY $3,500 $5,130 $7,804 $4,997
Greenwich Village, New York, NY $4,003 $5,300 $5,873 $5,075
West Village, New York, NY $3,650 $5,100 $6,823 $5,200
Battery Park City, New York, NY $3,499 $3,998 $7,225 $5,297
Midtown, New York, NY $3,500 $4,275 $6,895 $5,354
NoMad, New York, NY $4,438 $5,490 $8,361 $5,592
Gramercy Park, New York, NY $3,760 $5,000 $5,855 $5,996
Tribeca, New York, NY $4,250 $5,695 $7,545 $7,050

Top Counties Near Jersey City

There are a total of 46 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 $3,600. 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 $2,800. Vice versa, with an average rent of $4,395, New York, NY is the most expensive county by Jersey City, NJ.

Typically, rent for studios in Jersey City, NJ is 41.05% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Jersey City, NJ is 22.41% more affordable than other counties nearby. Finally, rent for two bedrooms in Jersey City, NJ is 30.36% 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 $2,300 $2,500 $2,766 $2,800
Kings, New York, NY $3,396 $3,611 $3,650 $3,600
New York, NY $3,350 $4,248 $5,500 $4,395

Top Zipcodes Near Jersey City

There are a total of 49 zipcodes in or near Jersey City, NJ. The average rent for all of these zipcodes is $4,295. A total of 3 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 $2,399 per month. In comparison, the zipcode with the most expensive average rent of $6,600 per month is 10007, New York, NY.

Studios in these zipcodes have an average rent of $3,300. 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 Jersey City, NJ is $4,095 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,175 per month. Which comes out to $6 per sqft. 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 $3,450 $4,095 $5,065 $4,295
10003, New York, NY $3,350 $4,750 $5,175 $5,000
10019, New York, NY $3,477 $4,100 $6,138 $4,514
10009, New York, NY $2,615 $3,500 $4,495 $4,495
10128, New York, NY $3,099 $3,200 $4,891 $3,868
10038, New York, NY $3,395 $4,365 $5,718 $4,300
10022, New York, NY $3,275 $4,300 $5,650 $4,300
10005, New York, NY $3,471 $4,334 $5,450 $4,172
10011, New York, NY $3,300 $5,200 $6,895 $4,650
10010, New York, NY $3,750 $3,795 $5,600 $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 $2,900. 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 $2,375 and an average price per square feet of $5.03. There are a total of 20 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 $2,950 and an average price per square feet of $3.90. There are a total of 145 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 $2,800 and an average price per square feet of $3.21. There are a total of 181 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 0.32%, one bedroom rental prices have changed by 0.14%, two bedroom rental prices have changed by 0.13%, and three bedroom rental prices have changed by 0.13% year-over-year.
What is a reasonable rent price in Jersey City, NJ?
A reasonable rent price in Jersey City, NJ is around $2,320/month. You can search for these reasonably priced rental listings on RentHop.
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