Downtown Jersey City, Jersey City, NJ Rental Market Trends
Last updated: September 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Jersey City is $4,238, a 0.3% decrease compared to the previous year, when the average rent was $4,250.
Studio Apartments at $3,426 offer the most budget-friendly option with 555 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 748 square feet for $3,783, balancing privacy and affordability.
Two-bedroom units at $5,102 offer 1,130 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,439 sq ft) for $6,205, suitable for larger households.
Average rent in Downtown Jersey City, Jersey City, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $4,238 | 869 sq. ft. |
| Studio | $3,426 | 555 sq. ft. |
| 1 Bed | $3,783 | 748 sq. ft. |
| 2 Beds | $5,102 | 1,130 sq. ft. |
| 3 Beds | $6,205 | 1,439 sq. ft. |
Downtown Jersey City, Jersey City, NJ rent trends
Rental prices in Downtown Jersey City, Jersey City, NJ have decreased by 0.3% over the past year. The average rent moved from $4,250 to $4,238.
What's the typical rent budget in Downtown Jersey City, Jersey City, NJ?
The largest share of rentals in Downtown Jersey City, Jersey City, NJ (95%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Jersey City, Jersey City, NJ?
25,115 or 80% of the households in Downtown Jersey City, Jersey City, NJ are renter-occupied while 6,261 or 20% are owner-occupied.
Most affordable neighborhoods in Downtown Jersey City?
South Greenville $1,920/month
St. Pete $2,031/month
St. Aedans $2,327/month
All of these neighborhoods fall below the city wide average of $3,761/month.Most expensive neighborhoods in Downtown Jersey City?
Van Leer $4,304/month
Powerhouse $4,363/month
Gregory Park $4,383/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Jersey City, NJ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Gregory Park | $4,383 |
| Powerhouse | $4,363 |
| Van Leer | $4,304 |
| Metro Plaza | $4,291 |
| Paulus Hook | $4,255 |
| Newport | $4,233 |
| Hamilton Park | $4,225 |
| Harborside | $4,185 |
| Liberty Harbor | $4,090 |
| Harsimus Cove | $4,058 |
| Waverly | $3,902 |
| Van Vorst Park | $3,847 |
| Bergen Square | $3,347 |
| Communipaw - Lafayette | $3,013 |
| Marion | $2,818 |
| Jackson Hill | $2,685 |
| West Bergen | $2,681 |
| State College | $2,476 |
| Bergen Hill | $2,346 |
| St. Aedans | $2,327 |
| St. Pete | $2,031 |
| South Greenville | $1,920 |
Jersey City | Rent Comparison by Neighborhood
Rent in Bergen Hill is 30% lower than in Bergen Square
Bergen Hill rent is 45% lower than Jersey City average
Bergen Square rent is 21% lower than Jersey City average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Jersey City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.