Jersey City, NJ Rental Market Trends
What is the average rent in Jersey City?
The average rent for an apartment in Jersey City is $2,739, a 8% decrease compared to the previous year.
Average Rent in Jersey City, NJ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,739 | -8% | 824 sq. ft. |
What is the average apartment size in Jersey City?
The average size for a Jersey City, NJ apartment is 824 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Jersey City, NJ Apartment Rent Ranges
- $501-$7001%
- $701-$1,0001%
- $1,001-$1,5005%
- $1,501-$2,00011%
- > $2,00082%
Jersey City, NJ Occupied Housing Units
- Renter-occupied Households39%
- Owner-occupied Households60%
40,448 or 39% of the households in Jersey City, NJ are renter-occupied while 62,777 or 60% are owner-occupied.
Jersey City, NJ Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jersey City, NJ | $2,840 | $2,890 | $2,903 | $2,918 | $2,951 | $2,942 | $2,989 | $2,927 | $2,794 | $2,701 | $2,739 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Jersey City, NJ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Hudson City | $3,584 |
| Mount Pleasant | $3,584 |
| Washington Village | $3,584 |
| Western Slope | $3,584 |
| Exchange Place | $3,016 |
| Harborside | $3,016 |
| Gregory Park | $3,010 |
| Hamilton Park | $3,010 |
| Harbor Place | $3,010 |
| Harsimus Cove | $3,010 |
| Liberty Harbor | $3,010 |
| Paulus Hook | $3,010 |
| Powerhouse | $3,010 |
| Van Vorst Park | $3,010 |
| Metro Plaza | $2,987 |
| Van Leer | $2,987 |
| Hoboken Yards | $2,942 |
| Newport | $2,942 |
| Mill Creek | $2,796 |
| St. Aedans | $2,796 |
| The Village | $2,796 |
| Communipaw - Lafayette | $1,896 |
| West Bergen | $1,896 |
| Canal Crossing | $1,885 |
| Hackensack Riverfront | $1,885 |
| Meadowlands | $1,884 |
| Sparrow Hill | $1,884 |
| Waverly | $1,884 |
| Bergen Hill | $1,849 |
| Lincoln Park | $1,849 |
| St. Pete | $1,849 |
| Bayfront | $1,834 |
| Country Village | $1,834 |
| Greenville Yard | $1,834 |
| Jackson Hill | $1,834 |
| Liberty State Park | $1,834 |
| LSP Industrial | $1,834 |
| Our Lady of Mercy | $1,834 |
| Port Liberte | $1,834 |
| Society Hill | $1,834 |
| South Greenville | $1,834 |
| State College | $1,834 |
| Bergen Square | $1,803 |
| Hackensack | $1,803 |
| Marion | $1,803 |
| Palisade | $1,803 |
| Reservoir | $1,803 |
| St. Joe's | $1,803 |
| The Island | $1,803 |
| West End Jersey City | $1,803 |
What are the most affordable neighborhoods in Jersey City?
The most affordable neighborhoods in Jersey City are Bergen Square, where the average rent goes for $1,803/month, Hackensack, where renters pay $1,803/mo on average, and Marion, where the average rent goes for $1,803/mo. If you’re looking for other great deals, check out the listings from Palisade ($1,803), Reservoir ($1,803), and St. Joe's ($1,803), where the asking prices are below the average Jersey City rent of $2,739/mo.
What are the most expensive neighborhoods in Jersey City?
The most expensive neighborhoods in Jersey City are Mount Pleasant ($3,584), Washington Village ($3,584) and Western Slope ($3,584).
What are the most popular neighborhoods in Jersey City?
The most popular neighborhood in Jersey City is Liberty Harbor, where there are 7 verified RENTCafé listings with an average rent of $3,010. Next up is State College, where apartments go for $1,834/month, followed by Communipaw - Lafayette with $1,896 If you’re looking to rent in Jersey City’s most popular neighborhoods, make sure to also check out Hudson City, where renters pay $3,584 on average, and Powerhouse, where the average monthly rent is $3,010.
Jersey City | Rent Comparison by Neighborhood
Rent in Bayfront is 1% lower than in Bergen Hill
Bayfront rent is 33% lower than Jersey City average
| Average Rent | $1,834 |
|---|
Bergen Hill rent is 32% lower than Jersey City average
| Average Rent | $1,849 |
|---|
How Jersey City Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,374 | -14% |
| Manhattan | $3,777 | -9% |
| Jersey Shore | $1,585 | 5% |
| Brooklyn | $2,785 | -5% |
| Jersey City | $2,739 | -8% |
| Bronx | $1,620 | n/a |
| Newark | $1,268 | 4% |
| Hoboken | $3,304 | -8% |
| Stamford | $2,513 | 5% |
| Elizabeth | $1,399 | 6% |
| Paterson | $1,395 | 4% |