Average Rent in Jersey City, NJ

Current Versus Historical Jersey City, NJ Rents

Jersey City rentals average $2,803 for a studio rental to $3,500 for a 4-bedroom rental. The median price of all currently available listings is $2,700, 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 $624 (31.67%) year-over-year from $1,971 to $2,595. 1-bedroom rentals prices have increased by $249 (11.32%) year-over-year from $2,201 to $2,450. 2-bedroom rentals prices have increased by $171 (6.75%) year-over-year from $2,529 to $2,700. 3-bedroom rentals prices have increased by $275 (10.09%) year-over-year from $2,725 to $3,000. 4-bedroom rentals prices have increased by $117 (3.45%) year-over-year from $3,383 to $3,500. 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 11.69% this month. 1-bedroom rents have gone up by 4.42% this month. 2-bedroom rents have gone down by 1.82% this month. 3-bedroom rents have gone up by 4.65% this month. 4-bedroom rents have gone up by 4.22% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$5.63	$2,595	$1,971 (31.67%)	$1,694 (53.16%)
1 BR	$4.23	$2,450	$2,201 (11.32%)	$1,528 (60.39%)
2 BR	$3.28	$2,700	$2,529 (6.75%)	$1,848 (46.08%)
3 BR	$2.68	$3,000	$2,725 (10.09%)	$2,049 (46.45%)
4+ BR	$2.34	$3,500	$3,383 (3.45%)	$2,565 (36.47%)

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 9 cities nearby Jersey City. The average rent in Jersey City is currently $2,775 per month. A total of 4 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 Jersey City, NJ is New York, NY. Monthly rents here are on average $4,395 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 32.20% more expensive than other cities nearby. One bedrooms are about 11.54% more expensive. Two bedrooms in Jersey City, NJ are about 7.55% more affordable. Finally, rent for three bedrooms are about 5.17% more affordable. Want more information? Check out the top 9 cities near 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
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 Jersey City

There are a total of 46 neighborhoods in or near Jersey City. 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 Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Jersey City, NJ is currently around $4,500 per month. A total of one neighborhood has a lower average rent. Meaning, only twenty-nine neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than Jersey City's average rent, which is only $2,700. Out of all the neighborhoods in or near Jersey City, 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 Jersey City. 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 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 $3,876. 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 $2,700. Vice versa, with an average rent of $4,595, New York, NY is the most expensive county by Jersey City, NJ.

Typically, rent for studios in Jersey City, NJ is 23.75% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Jersey City, NJ is 52.69% more affordable than other counties nearby. Finally, rent for two bedrooms in Jersey City, NJ is 51.72% 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	$2,535	$2,500	$2,650	$2,700
Kings, New York, NY	$3,468	$3,970	$4,021	$3,876
New York, NY	$3,555	$4,393	$5,500	$4,595

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 $4,405. 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 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 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 - 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 $2,700. 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 $2,803 and an average price per square feet of $5.63. There are a total of 26 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 $2,600 and an average price per square feet of $4.23. There are a total of 139 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 $2,650 and an average price per square feet of $3.28. There are a total of 174 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 0.11%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.10% year-over-year.

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

A reasonable rent price in Jersey City, NJ is around $2,160/month. You can search for these reasonably priced rental listings on RentHop.