Jersey City, NJ Rental Market Trends

Highlights

The average rent for an apartment in Jersey City is $2,831, a 1% decrease compared to the previous year, when the average rent was $2,848.

Studio apartments in Jersey City rent for $1,996 a month, while 1-bedroom apartments ask on average $2,590 a month; the average rent for a 2-bedroom apartment is $3,508.

Average Rent in Jersey City, NJ

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $2,831 $1,996 $2,590 $3,508 $4,112
Y-o-Y Change -1% 1% -1% -1% 1%
Average Apartment Size 842 sq. ft. 594 sq. ft. 754 sq. ft. 1,024 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 594 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 1,024 sq. ft.

Jersey City, NJ Apartment Rent Ranges

  • $501-$7006%
  • $701-$1,0004%
  • $1,001-$1,5009%
  • $1,501-$2,00017%
  • > $2,00063%

Jersey City, NJ Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $2,831 $1,996 $2,590 $3,508 $4,112
Jan / 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
/

Average Rent in Jersey City, NJ By Neighborhood

Hoboken Yards
$3,117
Newport
$3,117
Exchange Place
$3,105
Harborside
$3,105
Metro Plaza
$3,104
Van Leer
$3,104
Gregory Park
$3,097
Hamilton Park
$3,097
Harbor Place
$3,097
Harsimus Cove
$3,097
Liberty Harbor
$3,097
Paulus Hook
$3,097
Powerhouse
$3,097
Van Vorst Park
$3,097
Mill Creek
$2,849
St. Aedans
$2,849
The Village
$2,849
Communipaw - Lafayette
$1,936
West Bergen
$1,936
Meadowlands
$1,891
Sparrow Hill
$1,891
Waverly
$1,891
Canal Crossing
$1,890
Hackensack Riverfront
$1,890
Bergen Hill
$1,871
Lincoln Park
$1,871
St. Pete
$1,871
Bergen Square
$1,819
Hackensack
$1,819
Marion
$1,819
Palisade
$1,819
Reservoir
$1,819
St. Joe's
$1,819
The Island
$1,819
West End Jersey City
$1,819
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The most affordable neighborhoods in Jersey City are Bergen Square, where the average rent goes for $1,819/month, Hackensack, where renters pay $1,819/mo on average, and Marion, where the average rent goes for $1,819/mo. If you’re looking for other great deals, check out the listings from Palisade ($1,819), Reservoir ($1,819), and St. Joe's ($1,819), where the asking prices are below the average Jersey City rent of $2,831/mo.

The most expensive neighborhoods in Jersey City are Harborside ($3,105), 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

$1,871

Bergen Hill rent is 34% lower than Jersey City average

All rentals $1,871
Studio $1,346
1 Bed $1,938
2 Beds $2,259
3 Beds $2,537
$1,819

Bergen Square rent is 36% lower than Jersey City average

All rentals $1,819
Studio $1,219
1 Bed $1,909
2 Beds $2,464
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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