Jersey City, NJ Rental Market Trends

Highlights

The average rent for an apartment in Jersey City is $2,831, a 2% increase compared to the previous year, when the average rent was $2,785.

Studio apartments in Jersey City rent for $2,050 a month, while 1-bedroom apartments ask on average $2,593 a month; the average rent for a 2-bedroom apartment is $3,500.

Average Rent in Jersey City, NJ

Last updated Apr 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $2,831 $2,050 $2,593 $3,500 $3,963
Y-o-Y Change 2% 3% 2% 3% -4%
Average Apartment Size 842 sq. ft. 613 sq. ft. 751 sq. ft. 1,041 sq. ft. 1,196 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 613 sq. ft., while a one-bedroom apartment offers a more generous square footage: 751. 2-bedroom apartments in Jersey City have an average size of 1,041 sq. ft.

Jersey City, NJ Apartment Rent Ranges

  • $701-$1,0002%
  • $1,001-$1,5007%
  • $1,501-$2,0005%
  • > $2,00086%

Jersey City, NJ Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Apr / 2018 $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
$3,130
Newport
$3,130
Metro Plaza
$3,098
Van Leer
$3,098
Exchange Place
$3,087
Harborside
$3,087
Gregory Park
$3,079
Hamilton Park
$3,079
Harbor Place
$3,079
Harsimus Cove
$3,079
Liberty Harbor
$3,079
Paulus Hook
$3,079
Powerhouse
$3,079
Van Vorst Park
$3,079
Mill Creek
$2,825
St. Aedans
$2,825
The Village
$2,825
Communipaw - Lafayette
$1,993
West Bergen
$1,993
Canal Crossing
$1,939
Hackensack Riverfront
$1,939
Meadowlands
$1,910
Sparrow Hill
$1,910
Waverly
$1,910
Bergen Hill
$1,903
Lincoln Park
$1,903
St. Pete
$1,903
Bergen Square
$1,834
Hackensack
$1,834
Marion
$1,834
Palisade
$1,834
Reservoir
$1,834
St. Joe's
$1,834
The Island
$1,834
West End Jersey City
$1,834
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The most affordable neighborhoods in Jersey City are Bergen Square, where the average rent goes for $1,834/month, Hackensack, where renters pay $1,834/mo on average, and Marion, where the average rent goes for $1,834/mo. If you’re looking for other great deals, check out the listings from Palisade ($1,834), Reservoir ($1,834), and St. Joe's ($1,834), where the asking prices are below the average Jersey City rent of $2,831/mo.

The most expensive neighborhoods in Jersey City are Van Leer ($3,098), Hoboken Yards ($3,130) and Newport ($3,130).

Jersey City | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Bergen Hill is 4% higher than in Bergen Square

$1,903

Bergen Hill rent is 33% lower than Jersey City average

All rentals $1,903
Studio $1,441
1 Bed $1,934
2 Beds $2,353
3 Beds $2,538
$1,834

Bergen Square rent is 35% lower than Jersey City average

All rentals $1,834
Studio $1,325
1 Bed $1,885
2 Beds $2,484
3 Beds $2,724

Cheapest 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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