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 $3,013 for a studio rental to $0 for a 4-bedroom rental. The median price of all currently available listings is $3,630, or roughly $5 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $112 (3.87%) year-over-year from $2,888 to $3,000. 1-bedroom rentals prices have increased by $60 (1.77%) year-over-year from $3,401 to $3,461. 2-bedroom rentals prices have increased by $368 (7.95%) year-over-year from $4,632 to $5,000. 3-bedroom rentals prices have decreased by $1,124 (-16.68%) year-over-year from $6,739 to $5,615. 4-bedroom rentals prices have decreased by $7,613 (-53.94%) year-over-year from $14,113 to $6,500. 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 0.47% this month. 1-bedroom rents have gone up by 6.26% this month. 2-bedroom rents have gone up by 11.94% this month. 3-bedroom rents have gone up by 0.81% 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 (% +/-)
Studio	$6.41	$3,000	$2,888 (3.87%)	$1,979 (51.60%)
1 BR	$4.54	$3,461	$3,401 (1.77%)	$2,425 (42.72%)
2 BR	$4.27	$5,000	$4,632 (7.95%)	$3,316 (50.80%)

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 10 cities nearby The Waterfront. The average rent in The Waterfront is currently $2,750 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 $2,349, 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 $4,395 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 32.79% more expensive than other cities nearby. One bedrooms are about 33.42% more expensive. Two bedrooms in The Waterfront, Jersey City, NJ are about 44.41% more expensive. Finally, rent for three bedrooms are about inf% more affordable. Want more information? Check out the top 10 cities near The Waterfront, 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	$2,695
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,800
Fort Lee, NJ	$1,500	$2,385	$3,148	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
New York, NY	$3,500	$4,204	$5,150	$4,395

Top Neighborhoods Near The Waterfront

There are a total of 44 neighborhoods in or near The Waterfront. Some of these neighborhoods include The Heights, Clinton Hill, and Brooklyn Heights. We've included the top 30 neighborhoods out of 44 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 $4,500 per month. A total of 12 neighborhoods have a lower average rent. Meaning, only eighteen neighborhoods have a higher average rent than $4,500. Interestingly, the neighborhoods' average rent is higher than The Waterfront's average rent, which is only $3,630. Out of all the neighborhoods in or near The Waterfront, The Heights has the most affordable average rent at $2,650 per month. Whereas, at $6,895 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
The Heights, Jersey City, NJ	N/A	$2,150	$2,560	$2,650
Clinton Hill, New York, NY	$3,042	$3,500	$5,811	$3,550
Brooklyn Heights, New York, NY	$3,750	$3,995	$5,900	$3,864
Bowery, New York, NY	$2,870	$3,450	$4,098	$3,973
Downtown Brooklyn, New York, NY	$3,421	$4,195	$5,765	$4,166
Prospect Heights, New York, NY	$3,550	$4,410	$6,100	$4,300
Financial District, New York, NY	$3,495	$4,478	$6,375	$4,315
NoLita, New York, NY	$3,495	$4,495	$4,895	$4,495
East Village, New York, NY	$2,825	$3,600	$4,495	$4,495
Little Italy, New York, NY	$3,900	$5,000	$5,500	$4,500
Hell's Kitchen, New York, NY	$3,500	$4,100	$6,000	$4,500
Midtown East, New York, NY	$3,350	$4,200	$5,595	$4,599
Murray Hill, New York, NY	$3,550	$4,300	$6,525	$4,767
West Village, New York, NY	$4,575	$4,573	$5,995	$4,795
Greenwich Village, New York, NY	$4,150	$4,800	$5,310	$4,800
Kips Bay, New York, NY	$3,785	$4,180	$5,303	$4,810
Greenpoint, New York, NY	$3,495	$4,299	$5,650	$4,877
Midtown South, New York, NY	$3,785	$4,895	$6,893	$4,913
Lower East Side, New York, NY	$3,173	$3,395	$4,495	$4,995
NoHo, New York, NY	$3,850	$4,850	$7,750	$5,000
Hudson Yards, New York, NY	$3,809	$4,595	$6,950	$5,000
Flatiron District, New York, NY	$4,050	$5,900	$8,571	$5,175
Chelsea, New York, NY	$4,193	$5,559	$7,790	$5,363
Battery Park City, New York, NY	$3,550	$4,598	$6,750	$5,500
NoMad, New York, NY	$4,455	$5,582	$8,401	$5,693
Midtown, New York, NY	$3,607	$4,400	$6,895	$5,829
Stuyvesant Town - Peter Cooper Village, New York, NY	N/A	$5,067	$6,075	$5,848
Gramercy Park, New York, NY	$3,815	$5,000	$5,295	$6,195
SoHo, New York, NY	$2,973	$3,950	$15,000	$6,469
Tribeca, New York, NY	$4,250	$6,125	$7,295	$6,895

Top Counties Near The Waterfront

There are a total of 44 counties located by The Waterfront, 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 $2,825. 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 $2,349. Vice versa, with an average rent of $4,595, 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 26.98% more expensive than other counties nearby. In comparison, rent for one bedroom listings in The Waterfront, Jersey City, NJ is 33.42% more expensive than other counties nearby. Finally, rent for two bedrooms in The Waterfront, Jersey City, NJ is 43.92% more expensive 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	$1,900	$2,100	$2,349
Bayonne, NJ	$2,325	$2,047	$2,400	$2,400
West New York, NJ	N/A	$2,525	$2,850	$2,695
Jersey City, NJ	$2,803	$2,600	$2,650	$2,700
Union City, NJ	$1,900	$2,300	$2,800	$2,800
North Bergen, NJ	$2,250	$2,125	$2,850	$2,850
Cliffside Park, NJ	N/A	$2,150	$3,150	$3,000
Hoboken, NJ	$3,215	$3,200	$4,200	$3,700
Brooklyn, New York, NY	$3,478	$3,950	$4,050	$3,876
Manhattan, New York, NY	$3,557	$4,385	$5,571	$4,595

Top Zipcodes Near The Waterfront

There are a total of 49 zipcodes in or near The Waterfront, Jersey City, NJ. The average rent for all of these zipcodes is $4,406. A total of 13 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 $6,700 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 The Waterfront, Jersey City, NJ is $4,203 per month. Or in other words, $6 per sqft. Meanwhile, two bedroom apartments will cost you an average of $5,395 per month. Which comes out to $6 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
07302, Jersey City, NJ	$2,886	$3,395	$4,799	$3,516
10014, New York, NY	$4,750	$4,623	$6,595	$4,895
10006, New York, NY	$3,398	$4,300	$5,695	$3,779
10013, New York, NY	$3,900	$5,225	$7,500	$6,700
10007, New York, NY	$4,250	$6,125	$7,995	$6,500
10005, New York, NY	$3,569	$4,432	$5,851	$4,241
10012, New York, NY	$3,495	$4,395	$4,895	$4,495
10038, New York, NY	$3,451	$4,500	$6,460	$4,406
10011, New York, NY	$3,600	$5,898	$5,667	$4,795
10003, New York, NY	$4,000	$4,800	$5,075	$4,950

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 $3,630. 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 $3,013 and an average price per square feet of $6.41. There are a total of 8 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 $3,519 and an average price per square feet of $4.54. There are a total of 44 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 $5,082 and an average price per square feet of $4.27. There are a total of 24 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 0.04%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.08%, and three bedroom rental prices have changed by -0.17% 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 $2,904/month. You can search for these reasonably priced rental listings on RentHop.