Average Rent in The Waterfront, Jersey City, NJ

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Current Versus Historical The Waterfront, Jersey City, NJ Rents

The Waterfront rentals average $2,921 for a studio rental to $6,206 for a 3-bedroom rental. The median price of all currently available listings is $3,841, or roughly $5 per square feet.
For the apartment units and housing in July 2024, median rents have risen over the last year. Studio rentals prices have decreased by $91 (-3.19%) year-over-year from $2,843 to $2,753. 1-bedroom rentals prices have increased by $194 (5.48%) year-over-year from $3,533 to $3,727. 2-bedroom rentals prices have increased by $256 (5.23%) year-over-year from $4,893 to $5,149. 3-bedroom rentals prices have decreased by $386 (-5.86%) year-over-year from $6,584 to $6,199. 4-bedroom rentals prices have decreased by $6,167 (-46.84%) year-over-year from $13,167 to $7,000. 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 down by 9.99% this month. 1-bedroom rents have gone up by 2.38% this month. 2-bedroom rents have gone up by 3.67% this month. 3-bedroom rents have gone down by 4.63% this month. 4-bedroom rents have gone up by 0.24% this month.
Beds
Price / Sqft
Jul 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $5.17 $2,753 $2,843 (-3.19%) $2,075 (32.65%)
1 BR $4.69 $3,727 $3,533 (5.48%) $2,608 (42.89%)
2 BR $4.20 $5,149 $4,893 (5.23%) $3,704 (39.02%)
3 BR $4.44 $6,199 $6,584 (-5.86%) $4,525 (36.97%)

Historical Rents in The Waterfront, Jersey City, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near The Waterfront

There are a total of 6 cities nearby The Waterfront. The average rent in The Waterfront is currently $3,013 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 The Waterfront, Jersey City, NJ is New York, NY. Monthly rents here are on average $4,495 per month.

Let's compare The Waterfront, Jersey City, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in The Waterfront, Jersey City, NJ is 36.67% more expensive than other cities nearby. One bedrooms are about 40.01% more expensive. Two bedrooms in The Waterfront, Jersey City, NJ are about 33.65% more expensive. Finally, rent for three bedrooms are about 44.41% more expensive. Want more information? Check out the top 6 cities near The Waterfront, 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
Jersey City, NJ $2,390 $3,271 $3,475 $3,179
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 The Waterfront

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

The average rent for these 30 neighborhoods in or near The Waterfront, Jersey City, NJ is currently around $4,550 per month. A total of 9 neighborhoods have a lower average rent. Meaning, only twenty-one neighborhoods have a higher average rent than $4,550. Interestingly, the neighborhoods' average rent is higher than The Waterfront's average rent, which is only $3,841. Out of all the neighborhoods in or near The Waterfront, 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 The Waterfront. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Clinton Hill, New York, NY $3,348 $3,565 $4,995 $3,909
NoHo, New York, NY $3,950 $4,125 $7,350 $4,075
Brooklyn Heights, New York, NY $3,348 $4,100 $4,900 $4,154
Flatiron District, New York, NY $4,100 $5,900 $10,500 $4,200
Bowery, New York, NY $2,800 $3,450 $4,798 $4,300
Fort Greene, New York, NY $3,495 $4,395 $4,925 $4,395
Financial District, New York, NY $3,695 $4,720 $6,780 $4,420
Park Slope, New York, NY $3,273 $3,966 $4,295 $4,434
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
NoLita, New York, NY $3,390 $4,495 $6,495 $4,595
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
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
Little Italy, New York, NY $3,900 $5,000 $5,495 $5,200
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
SoHo, New York, NY $3,850 $4,850 $5,400 $5,400
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
Stuyvesant Town - Peter Cooper Village, New York, NY N/A $5,057 $6,054 $6,100
DUMBO, New York, NY $3,873 $5,158 $7,034 $6,488
Tribeca, New York, NY $4,500 $5,999 $8,340 $7,195

Top Counties Near The Waterfront

There are a total of 45 counties located by The Waterfront, Jersey City, NJ. Some of these counties include Newark, NJ, Bloomfield, NJ, and Elizabeth, NJ. The average rent for rentals in these counties is $3,013. That's roughly around $5 per sqft. A total of 6 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 $4,698, Manhattan, New York, NY is the most expensive county by The Waterfront, Jersey City, NJ.

Typically, rent for studios in The Waterfront, Jersey City, NJ is 36.67% more expensive than other counties nearby. In comparison, rent for one bedroom listings in The Waterfront, Jersey City, NJ is 40.01% more expensive than other counties nearby. Finally, rent for two bedrooms in The Waterfront, Jersey City, NJ is 33.65% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Newark, NJ $1,800 $1,675 $2,050 $2,300
Bloomfield, NJ N/A $1,750 $2,300 $2,425
Elizabeth, NJ N/A $1,900 $2,200 $2,525
Fort Lee, NJ $1,900 $2,375 $3,505 $2,848
Jersey City, NJ $2,390 $3,271 $3,475 $3,179
Cliffside Park, NJ N/A $2,050 $3,975 $3,600
Brooklyn, New York, NY $3,500 $3,893 $4,200 $4,000
Manhattan, New York, NY $3,600 $4,495 $5,599 $4,698

Top Zipcodes Near The Waterfront

There are a total of 46 zipcodes in or near The Waterfront, Jersey City, NJ. The average rent for all of these zipcodes is $4,567. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 11233, New York, NY at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $6,999 per month is 10007, New York, NY.

Studios in these zipcodes have an average rent of $3,425. 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 The Waterfront, Jersey City, NJ is $4,398 per month. Or in other words, $7 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,625 per month. Which comes out to $7 per sqft. The following chart includes the top 10 zipcodes in The Waterfront, Jersey City, NJ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10014, New York, NY $4,300 $4,650 $5,500 $4,650
10006, New York, NY $3,350 $4,495 $6,391 $3,912
10013, New York, NY $3,900 $5,000 $7,095 $5,895
10007, New York, NY $4,725 $6,063 $9,318 $6,999
10005, New York, NY $3,712 $4,895 $7,619 $4,304
10012, New York, NY $3,800 $4,495 $6,495 $4,495
10038, New York, NY $3,770 $4,733 $6,390 $4,598
10011, New York, NY $3,925 $5,423 $8,258 $4,750
10003, New York, NY $3,900 $4,845 $5,250 $5,070
10004, New York, NY $3,600 $4,700 $7,269 $4,042

Frequently Asked Questions - The Waterfront Average Rents

What is the average rent price in The Waterfront, Jersey City, NJ?
The average monthly rental price for The Waterfront, Jersey City, NJ apartments for rent is approximately $3,841. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do The Waterfront, 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 The Waterfront, Jersey City, NJ.
How much is a studio apartment in The Waterfront, Jersey City, NJ?
The average monthly rental price for studio apartments is $2,921 and an average price per square feet of $5.17. There are a total of 5 studio apartment listings currently available for rent in The Waterfront.
How much is a one bedroom apartment in The Waterfront, Jersey City, NJ?
The average monthly rental price for one bedroom apartments is $3,688 and an average price per square feet of $4.69. There are a total of 25 one bedroom apartment listings currently available for rent in The Waterfront.
How much is a two bedroom apartment in The Waterfront, Jersey City, NJ?
The average monthly rental price for two bedroom apartments is $5,260 and an average price per square feet of $4.20. There are a total of 15 two bedroom apartment listings currently available for rent in The Waterfront.
How have rent prices in The Waterfront, Jersey City, NJ changed this year?
Rent prices for rentals in The Waterfront, Jersey City, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.03%, one bedroom rental prices have changed by 0.05%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by -0.06% year-over-year.
What is a reasonable rent price in The Waterfront, Jersey City, NJ?
A reasonable rent price in The Waterfront, Jersey City, NJ is around $3,073/month. You can search for these reasonably priced rental listings on RentHop.
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