Average Rent in Newport, Jersey City, NJ

Current Versus Historical Newport, Jersey City, NJ Rents

Newport rentals average $3,000 for a 1-bedroom rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,300, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $130 (-4.45%) year-over-year from $2,928 to $2,798. 1-bedroom rentals prices have decreased by $467 (-13.46%) year-over-year from $3,467 to $3,000. 2-bedroom rentals prices have decreased by $1,221 (-19.94%) year-over-year from $6,121 to $4,900. 3-bedroom rentals prices have decreased by $525 (-8.90%) year-over-year from $5,900 to $5,375. 4-bedroom rentals prices have decreased by $7,213 (-51.11%) year-over-year from $14,113 to $6,900. 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 down by 6.54% this month. 1-bedroom rents have gone down by 5.76% this month. 2-bedroom rents have gone down by 1.34% this month. 3-bedroom rents have gone down by 1.98% this month. 4-bedroom rents have gone down by 13.39% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.38	$3,000	$3,467 (-13.46%)	$2,642 (13.56%)

Historical Rents in Newport, Jersey City, NJ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Newport

There are a total of 11 cities nearby Newport. The average rent in Newport is currently $2,800 per month. A total of 8 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 Newport, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,400 per month.

Let's compare Newport, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Newport, Jersey City, NJ is inf% more affordable than other cities nearby. One bedrooms are about 29.17% more expensive. Two bedrooms in Newport, Jersey City, NJ are about inf% more affordable. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities out of 11 total cities near Newport, Jersey City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,950	$1,848	$2,100	$2,300
Bayonne, NJ	$2,275	$2,079	$2,443	$2,400
Jersey City, NJ	$2,753	$2,700	$2,650	$2,700
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Union City, NJ	$1,900	$2,100	$2,800	$2,800
Fort Lee, NJ	$1,450	$2,300	$3,050	$2,925
Cliffside Park, NJ	N/A	$2,125	$3,200	$3,100
Palisades Park, NJ	N/A	$1,950	$2,750	$3,500
Hoboken, NJ	$3,063	$3,200	$4,200	$3,700
New York, NY	$3,500	$4,204	$5,100	$4,400

Top Neighborhoods Near Newport

There are a total of 45 neighborhoods in or near Newport. Some of these neighborhoods include The Heights, Journal Square, and The Waterfront. We've included the top 30 neighborhoods out of 45 total neighborhoods in or near Newport, Jersey City, NJ in the following chart.

The average rent for these 30 neighborhoods in or near Newport, Jersey City, NJ is currently around $4,500 per month. A total of 7 neighborhoods have a lower average rent. Meaning, only twenty-three neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than Newport's average rent, which is only $3,300. Out of all the neighborhoods in or near Newport, The Heights has the most affordable average rent at $2,700 per month. Whereas, at $7,500 average rent per month, SoHo is the most expensive neighborhood in or near Newport. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
The Heights, Jersey City, NJ	N/A	$2,300	$2,650	$2,700
Journal Square, Jersey City, NJ	$2,885	$2,500	$2,600	$2,750
The Waterfront, Jersey City, NJ	$3,016	$3,487	$5,197	$3,676
Clinton Hill, New York, NY	$3,152	$3,600	$6,182	$3,790
Bowery, New York, NY	$2,870	$3,995	$3,999	$3,995
Fort Greene, New York, NY	$3,475	$4,540	$6,423	$4,018
Downtown Brooklyn, New York, NY	$3,369	$4,195	$5,700	$4,195
Financial District, New York, NY	$3,503	$4,515	$6,462	$4,375
NoLita, New York, NY	$3,795	$4,495	$5,600	$4,495
East Village, New York, NY	$2,650	$3,600	$4,495	$4,500
Hell's Kitchen, New York, NY	$3,500	$4,038	$6,200	$4,500
Midtown East, New York, NY	$3,595	$4,200	$5,595	$4,600
West Village, New York, NY	$4,750	$4,650	$6,495	$4,750
Greenwich Village, New York, NY	$3,950	$4,800	$5,075	$4,800
Murray Hill, New York, NY	$3,525	$4,285	$6,415	$4,899
Kips Bay, New York, NY	$3,813	$4,078	$5,290	$4,950
Hudson Yards, New York, NY	$3,740	$4,399	$6,950	$4,998
Little Italy, New York, NY	$3,900	$5,000	$5,500	$5,000
Chelsea, New York, NY	$3,840	$5,450	$7,905	$5,100
Flatiron District, New York, NY	$4,050	$5,898	$8,642	$5,150
Battery Park City, New York, NY	$3,700	$4,500	$6,350	$5,152
Lower East Side, New York, NY	$3,300	$3,600	$4,498	$5,195
Midtown South, New York, NY	$3,655	$4,895	$6,995	$5,200
Greenpoint, New York, NY	$3,489	$4,295	$5,700	$5,200
NoMad, New York, NY	$4,444	$5,592	$8,506	$5,610
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,082	$6,127	$5,613
Midtown, New York, NY	$3,488	$4,400	$6,895	$6,195
Gramercy Park, New York, NY	$3,815	$5,185	$5,312	$6,395
Tribeca, New York, NY	$4,313	$5,845	$7,295	$6,950
SoHo, New York, NY	$4,700	$3,950	$12,500	$7,500

Top Counties Near Newport

There are a total of 45 counties located by Newport, Jersey City, NJ. Some of these counties include Newark, NJ, Bayonne, NJ, and Jersey City, NJ. The average rent for rentals in these counties is $2,800. That's roughly around $3 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Newark, NJ. It's average rent per month is $2,300. Vice versa, with an average rent of $4,600, Manhattan, New York, NY is the most expensive county by Newport, Jersey City, NJ.

Typically, rent for studios in Newport, Jersey City, NJ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Newport, Jersey City, NJ is 29.17% more expensive than other counties nearby. Finally, rent for two bedrooms in Newport, Jersey City, NJ is inf% more affordable than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Newark, NJ	$1,950	$1,848	$2,100	$2,300
Bayonne, NJ	$2,275	$2,079	$2,443	$2,400
Jersey City, NJ	$2,753	$2,700	$2,650	$2,700
West New York, NJ	$1,850	$2,550	$2,850	$2,700
Union City, NJ	$1,900	$2,100	$2,800	$2,800
North Bergen, NJ	$2,149	$2,100	$2,875	$2,800
Cliffside Park, NJ	N/A	$2,125	$3,200	$3,100
Hoboken, NJ	$3,063	$3,200	$4,200	$3,700
Brooklyn, New York, NY	$3,479	$4,000	$4,200	$3,990
Manhattan, New York, NY	$3,566	$4,385	$5,600	$4,600

Top Zipcodes Near Newport

There are a total of 48 zipcodes in or near Newport, Jersey City, NJ. The average rent for all of these zipcodes is $4,467. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07305, Jersey City, NJ at $2,350 per month. In comparison, the zipcode with the most expensive average rent of $6,950 per month is 10007, New York, NY.

Studios in these zipcodes have an average rent of $3,413. 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 Newport, Jersey City, NJ is $4,195 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,575 per month. Which comes out to $6 per sqft. The following chart includes the top 10 zipcodes in Newport, Jersey City, NJ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
07302, Jersey City, NJ	$2,967	$3,340	$4,550	$3,428
10014, New York, NY	$4,750	$4,650	$6,495	$4,800
10013, New York, NY	$3,900	$5,195	$7,500	$6,895
10006, New York, NY	$3,450	$4,299	$6,228	$3,695
10007, New York, NY	$4,375	$6,495	$8,195	$6,950
10012, New York, NY	$3,695	$4,450	$5,600	$4,495
10011, New York, NY	$3,600	$5,604	$6,895	$4,500
10005, New York, NY	$3,524	$4,550	$6,519	$4,334
10038, New York, NY	$3,500	$4,542	$6,350	$4,500
10003, New York, NY	$3,650	$4,800	$5,075	$5,060

Frequently Asked Questions - Newport Average Rents

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

The average monthly rental price for Newport, Jersey City, NJ apartments for rent is approximately $3,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Newport, 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 Newport, Jersey City, NJ.

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

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Newport.

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

The average monthly rental price for one bedroom apartments is $3,000 and an average price per square feet of $3.38. There are a total of 2 one bedroom apartment listings currently available for rent in Newport.

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

The average monthly rental price for two bedroom apartments is $0 and an average price per square feet of $0.00. There are a total of 0 two bedroom apartment listings currently available for rent in Newport.

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

Rent prices for rentals in Newport, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.04%, one bedroom rental prices have changed by -0.13%, two bedroom rental prices have changed by -0.20%, and three bedroom rental prices have changed by -0.09% year-over-year.

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

A reasonable rent price in Newport, Jersey City, NJ is around $2,640/month. You can search for these reasonably priced rental listings on RentHop.