Average Rent in Newport, Jersey City, NJ

Current Versus Historical Newport, Jersey City, NJ Rents

Newport rentals average $0 for a studio rental to $0 for a 2-bedroom rental. The median price of all currently available listings is $3,150, or roughly $4 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 increased by $2,388 (16.92%) year-over-year from $14,113 to $16,500. 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 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 0.00% 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 10 cities nearby Newport. The average rent in Newport is currently $2,763 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 $4,340 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 21.25% 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 near Newport, Jersey City, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Newark, NJ	$2,150	$2,050	$2,100	$2,300
Elizabeth, NJ	$1,861	$1,725	$2,200	$2,350
Bayonne, NJ	N/A	$2,036	$2,300	$2,379
West New York, NJ	N/A	$2,475	$2,850	$2,700
Jersey City, NJ	$2,767	$2,700	$2,650	$2,750
Union City, NJ	$1,900	$2,250	$2,800	$2,775
Fort Lee, NJ	$1,500	$2,500	$3,298	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$2,740	$3,229	$4,200	$3,700
New York, NY	$3,495	$4,195	$5,000	$4,340

Top Neighborhoods Near Newport

There are a total of 45 neighborhoods in or near Newport. Some of these neighborhoods include The Heights, Clinton Hill, 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 4 neighborhoods have a lower average rent. Meaning, only twenty-six neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than Newport's average rent, which is only $3,150. Out of all the neighborhoods in or near Newport, Bay Ridge has the most affordable average rent at $2,600 per month. Whereas, at $7,725 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	$2,175	$2,650	$2,700
Clinton Hill, New York, NY	$3,035	$3,473	$5,750	$3,500
The Waterfront, Jersey City, NJ	$3,026	$3,497	$5,013	$3,654
Park Slope, New York, NY	$2,750	$3,783	$4,200	$3,833
Bowery, New York, NY	$2,870	$3,450	$4,000	$3,900
Downtown Brooklyn, New York, NY	$3,425	$4,210	$5,765	$4,205
Financial District, New York, NY	$3,500	$4,446	$6,405	$4,295
East Village, New York, NY	$2,698	$3,595	$4,495	$4,495
NoLita, New York, NY	$3,495	$4,495	$4,895	$4,495
Midtown East, New York, NY	$3,300	$4,200	$5,650	$4,500
Hell's Kitchen, New York, NY	$3,464	$4,155	$5,997	$4,500
Murray Hill, New York, NY	$3,550	$4,249	$6,589	$4,595
Lower East Side, New York, NY	$3,173	$3,395	$4,495	$4,622
Kips Bay, New York, NY	$3,780	$4,075	$5,058	$4,695
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
West Village, New York, NY	$4,550	$4,595	$5,695	$4,832
Midtown South, New York, NY	$3,785	$4,797	$6,995	$4,895
Greenpoint, New York, NY	$3,495	$4,400	$5,850	$4,949
NoHo, New York, NY	$4,000	$5,000	$7,750	$5,000
Battery Park City, New York, NY	$3,525	$4,400	$6,750	$5,066
Hudson Yards, New York, NY	$3,818	$4,642	$6,950	$5,100
Flatiron District, New York, NY	$4,050	$5,900	$8,642	$5,150
Chelsea, New York, NY	$3,800	$5,495	$7,662	$5,250
Midtown, New York, NY	$3,550	$4,212	$6,725	$5,400
Little Italy, New York, NY	$3,900	$5,250	$5,009	$5,500
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,054	$6,054	$5,594
NoMad, New York, NY	$4,444	$5,592	$8,060	$5,974
Gramercy Park, New York, NY	$3,815	$5,295	$5,312	$6,198
Tribeca, New York, NY	$4,250	$6,125	$7,295	$6,895
SoHo, New York, NY	$2,973	$3,950	$13,500	$7,725

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 West New York, 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 $4,538, 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 21.25% 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	$2,150	$2,050	$2,100	$2,300
Bayonne, NJ	N/A	$2,036	$2,300	$2,379
West New York, NJ	N/A	$2,475	$2,850	$2,700
Jersey City, NJ	$2,767	$2,700	$2,650	$2,750
Union City, NJ	$1,900	$2,250	$2,800	$2,775
North Bergen, NJ	$2,250	$2,125	$2,850	$2,825
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$2,740	$3,229	$4,200	$3,700
Brooklyn, New York, NY	$3,475	$3,950	$4,000	$3,864
Manhattan, New York, NY	$3,500	$4,315	$5,500	$4,538

Top Zipcodes Near Newport

There are a total of 49 zipcodes in or near Newport, Jersey City, NJ. The average rent for all of these zipcodes is $4,375. 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 $2,379 per month. In comparison, the zipcode with the most expensive average rent of $7,095 per month is 10013, New York, NY.

Studios in these zipcodes have an average rent of $3,324. 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 Newport, Jersey City, NJ is $4,231 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,390 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	$2,921	$3,417	$4,453	$3,546
10014, New York, NY	$4,750	$4,623	$6,250	$5,100
10013, New York, NY	$3,950	$5,500	$7,500	$7,095
10006, New York, NY	$3,300	$4,334	$6,170	$3,759
10007, New York, NY	$4,250	$6,125	$8,200	$6,554
10012, New York, NY	$3,495	$4,395	$4,895	$4,495
10011, New York, NY	$3,600	$5,511	$5,681	$4,795
10005, New York, NY	$3,575	$4,432	$5,853	$4,240
10038, New York, NY	$3,450	$4,500	$6,462	$4,375
10003, New York, NY	$3,815	$4,800	$5,100	$4,999

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 $3,150. 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 1 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 1 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 $2,520/month. You can search for these reasonably priced rental listings on RentHop.