Jersey City, NJ Rental Market Trends
Highlights
The average rent for an apartment in Jersey City is $2,778, a 7% decrease compared to the previous year.
Average Rent in Jersey City, NJ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,778 | -7% | 832 sq. ft. |
The average size for a Jersey City, NJ apartment is 832 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-$2,0008%
- > $2,00085%
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 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jersey City, NJ | $2,850 | $2,840 | $2,890 | $2,903 | $2,918 | $2,951 | $2,942 | $2,989 | $2,927 | $2,794 | $2,778 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
How Jersey City Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,526 | -10% |
| Manhattan | $3,670 | -13% |
| Brooklyn | $2,596 | -12% |
| Jersey City | $2,778 | -7% |
| Newark | $1,240 | 2% |
| Stamford | $2,447 | 2% |
| Elizabeth | $1,340 | 3% |
| Yonkers | $2,079 | n/a |
For more information about the Jersey City rental trends, check out our monthly rent report
Check out New Jersey Cities, New Jersey Neighborhoods and New Jersey Zip Codes for more details on verified listings, including the New Jersey Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!