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Rental market trends in Jersey City, NJ
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Average Apartment Cost in Jersey City, NJ
Apartment Rent Ranges in Jersey City, NJ
| Apartment Prices | Proportion | |||
|---|---|---|---|---|
0% | 0% | 1% | 14% | 85% |
Neighborhood Apartment Rent Trends in Jersey City, NJ
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Powerhouse Arts District | $4,797 | +18% |
| Hudson Exchange | $4,605 | -1% |
| The Waterfront | $3,855 | +4% |
| Bergen - Lafayette | $3,482 | -- |
| Newport | $3,440 | +3% |
| Journal Square | $3,210 | +53% |
| Downtown Jersey City | $3,181 | -35% |
| Hamilton Park | $3,157 | -- |
| The Heights | $3,112 | 0% |
| Paulus Hook | $2,898 | -13% |
| Van Vorst Park | $2,500 | -- |
| West Side | $2,225 | +12% |
| Hackensack River Waterfront | $2,225 | +12% |
| West End | $2,100 | -- |
| McGinley Square | $1,975 | -- |
| Astor Place | $1,825 | -- |
| Greenville | $1,300 | -- |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Hudson Exchange | $5,534 | +15% |
| Powerhouse Arts District | $5,075 | +1% |
| Exchange Place North | $4,353 | +6% |
| The Waterfront | $4,295 | -1% |
| Newport | $4,032 | 0% |
| Downtown Jersey City | $3,630 | +40% |
| The Heights | $3,352 | -6% |
| Paulus Hook | $3,316 | +5% |
| Van Vorst Park | $2,700 | 0% |
| Liberty State Park | $2,604 | -10% |
| Hamilton Park | $2,600 | +4% |
| The Beacon | $2,500 | -- |
| Bergen - Lafayette | $2,500 | +27% |
| Communipaw | $2,400 | +23% |
| West Side | $2,389 | -4% |
| Hackensack River Waterfront | $2,340 | -10% |
| Journal Square | $2,275 | -19% |
| Astor Place | $2,000 | -- |
| Bergen Square | $1,850 | -- |
| West End | $1,850 | -- |
| Greenville | $1,775 | +15% |
| West Slope | $1,650 | -- |
| India Square | $1,600 | -- |
| McGinley Square | $1,520 | -5% |
| Hilltop | $1,500 | -- |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Powerhouse Arts District | $8,506 | +27% |
| Hudson Exchange | $6,364 | -6% |
| Exchange Place North | $6,002 | +7% |
| Hamilton Park | $5,230 | +80% |
| The Waterfront | $5,160 | -7% |
| Newport | $5,035 | -8% |
| Downtown Jersey City | $4,810 | +9% |
| Paulus Hook | $4,509 | -4% |
| Van Vorst Park | $3,500 | -18% |
| Astor Place | $3,500 | -- |
| Port Liberte | $3,500 | -- |
| Liberty State Park | $3,444 | -11% |
| Hackensack River Waterfront | $3,260 | +67% |
| The Heights | $3,000 | +7% |
| India Square | $2,700 | +2% |
| Journal Square | $2,650 | -24% |
| Communipaw | $2,625 | +31% |
| West Side | $2,595 | -6% |
| McGinley Square | $2,500 | +35% |
| Greenville | $2,400 | +9% |
| West Slope | $2,400 | -- |
| Bergen - Lafayette | $2,300 | +21% |
| West End | $2,300 | -- |
How Other Cities Compare to Jersey City, NJ
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| New York | $4,275 | -2% |
| Weehawken | $4,199 | +21% |
| Long Island City | $3,695 | +3% |
| Brooklyn | $3,666 | +1% |
| Hoboken | $3,379 | -8% |
| Maplewood | $2,210 | -12% |
| Stamford | $2,132 | +6% |
| Newark | $1,893 | -5% |
| Queens | $1,850 | +9% |
| Montclair | $1,799 | +11% |
| Bronx | $1,517 | -35% |
Jersey City, NJ Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | Feb 2024 | Mar 2024 | Apr 2024 | May 2024 | Jun 2024 | Jul 2024 | Aug 2024 | Sep 2024 |
| $3656 | $3756 | $3860 | $3509 | $3482 | $3470 | $3433 | $3657 | $3419 | $3728 | $3518 | $3476 | $3377 |
| $4066 | $4052 | $3966 | $3868 | $3562 | $3565 | $3678 | $3738 | $3787 | $4141 | $3894 | $3825 | $3794 |
| $4772 | $4705 | $4673 | $4335 | $4161 | $4150 | $4000 | $4604 | $4844 | $5313 | $4706 | $4763 | $5030 |
| $4987 | $4882 | $4730 | $4202 | $3900 | $3650 | $3700 | $3500 | $3750 | $5946 | $4700 | $5200 | $5348 |
Neighborhood Information for Jersey City, NJ
What are the most affordable neighborhoods in Jersey City, NJ?
The most affordable neighborhoods in Jersey City are Hilltop, where the average 1-bedroom apartment rent goes for $1,500, McGinley Square, where renters pay $1,520 on average for a 1-bedroom apartment, and India Square, where the average 1-bedroom apartment rent goes for $1,600. If you're looking for other great deals, check out the listings in West Slope ($1,650 for a 1-bedroom apartment) or Greenville ($1,775 for a 1-bedroom apartment), compared to the $3,830 average for an Jersey City 1-bedroom apartment.
What are the most expensive neighborhoods in Jersey City, NJ?
The most expensive neighborhoods in Jersey City are Hudson Exchange, where the average rent for a 1-bedroom apartment is just $5,534. offering similar apartments at an average of Powerhouse Arts District, $5,075, and Exchange Place North, $4,353. For additional value-for-money options, consider The Waterfront ($4,295 for a 1-bedroom apartment) or Newport ($4,032 for a 1-bedroom apartment). These prices represent a significant saving when compared to the Jersey City average for a 1-bedroom apartment, which stands at $3,830.
What are the most popular neighborhoods in Jersey City, NJ?
The most popular neighborhoods in Jersey City are Newport, where the average 1-bedroom apartment rent goes for $4,032, Hudson Exchange, where renters pay $5,534 on average for a 1-bedroom apartment, and The Waterfront, where the average 1-bedroom apartment rent goes for $4,295. If you're looking for other popular neighborhoods, check out the listings in Exchange Place North ($4,353 for a 1-bedroom apartment) or Hamilton Park ($2,600 for a 1-bedroom apartment), compared to the $3,830 average for an Jersey City 1-bedroom apartment.
