Jersey City, NJ Rental Market Trends

Highlights

The average rent for an apartment in Jersey City is $2,832, a 1% increase compared to the previous year, when the average rent was $2,811.

Studio apartments in Jersey City rent for $1,996 a month, while 1-bedroom apartments ask on average $2,588 a month; the average rent for a 2-bedroom apartment is $3,512.

Average Rent in Jersey City, NJ

Last updated Jun 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $2,832 $1,996 $2,588 $3,512 $4,114
Y-o-Y Change 1% n/a n/a 2% 6%
Average Apartment Size 842 sq. ft. 595 sq. ft. 754 sq. ft. 1,022 sq. ft. 1,198 sq. ft.

The average size for a Jersey City apartment is 842 square feet, but this number varies greatly depending on apartment type. A studio averages 595 sq. ft., while a one-bedroom apartment offers a more generous square footage: 754. 2-bedroom apartments in Jersey City have an average size of 1,022 sq. ft.

Jersey City, NJ Apartment Rent Ranges

  • $501-$7006%
  • $701-$1,0004%
  • $1,001-$1,50010%
  • $1,501-$2,00017%
  • > $2,00063%

Jersey City, NJ Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jun / 2018 $2,832 $1,996 $2,588 $3,512 $4,114
Sept / 2017 $2,831 $2,050 $2,593 $3,500 $3,963
May / 2017 $2,848 $1,985 $2,610 $3,548 $4,071
Jan / 2017 $2,811 $2,004 $2,591 $3,443 $3,896
Sept / 2016 $2,785 $1,996 $2,533 $3,393 $4,141
May / 2016 $2,773 $1,992 $2,493 $3,410 $4,088
Jan / 2016 $2,731 $1,967 $2,475 $3,344 $3,922
Sept / 2015 $2,764 $1,973 $2,487 $3,394 $3,998
May / 2015 $2,707 $1,923 $2,429 $3,306 $4,004
Jan / 2015 $2,613 $1,826 $2,329 $3,203 $3,907
/

Average Rent in Jersey City, NJ By Neighborhood

Hoboken Yards
$3,117
Newport
$3,117
Exchange Place
$3,104
Harborside
$3,104
Metro Plaza
$3,104
Van Leer
$3,104
Gregory Park
$3,096
Hamilton Park
$3,096
Harbor Place
$3,096
Harsimus Cove
$3,096
Liberty Harbor
$3,096
Paulus Hook
$3,096
Powerhouse
$3,096
Van Vorst Park
$3,096
Mill Creek
$2,848
St. Aedans
$2,848
The Village
$2,848
Communipaw - Lafayette
$1,935
West Bergen
$1,935
Meadowlands
$1,889
Sparrow Hill
$1,889
Canal Crossing
$1,889
Hackensack Riverfront
$1,889
Bergen Hill
$1,869
St. Pete
$1,869
Bergen Square
$1,817
Hackensack
$1,817
Marion
$1,817
Reservoir
$1,817
St. Joe's
$1,817
The Island
$1,817
West End Jersey City
$1,817
Lincoln Park
$1,788
Palisade
$1,739
Waverly
$1,739
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The most affordable neighborhoods in Jersey City are Palisade, where the average rent goes for $1,739/month, Waverly, where renters pay $1,739/mo on average, and Lincoln Park, where the average rent goes for $1,788/mo. If you’re looking for other great deals, check out the listings from Bergen Square ($1,817), Hackensack ($1,817), and Marion ($1,817), where the asking prices are below the average Jersey City rent of $2,832/mo.

The most expensive neighborhoods in Jersey City are Harborside ($3,104), Hoboken Yards ($3,117) and Newport ($3,117).

Jersey City | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bergen Hill is 3% higher than in Bergen Square

$1,869

Bergen Hill rent is 34% lower than Jersey City average

All rentals $1,869
Studio $1,338
1 Bed $1,934
2 Beds $2,269
3 Beds $2,543
$1,817

Bergen Square rent is 36% lower than Jersey City average

All rentals $1,817
Studio $1,219
1 Bed $1,903
2 Beds $2,489
3 Beds $2,882

Cheapest Listings on RENTCafé

Mid-priced Listings on RENTCafé

Most Expensive Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Jersey City apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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