Jersey City, NJ Rental Market Trends
What is the average rent in Jersey City?
The average rent for an apartment in Jersey City is $3,577. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Jersey City, NJ
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $3,577 | 788 sq. ft. |
What is the average apartment size in Jersey City?
The average size for a Jersey City, NJ apartment is 788 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
Jersey City, NJ Occupied Housing Units
84,396 or 71% of the households in Jersey City, NJ are renter-occupied while 34,882 or 29% are owner-occupied.
Jersey City, NJ rent trends
Average Rent in Jersey City, NJ By Neighborhood
| City | Average Rent |
|---|---|
| Hudson City | $4,205 |
| Newport | $4,037 |
| Van Leer | $3,972 |
| Gregory Park | $3,943 |
| Hamilton Park | $3,943 |
| Harsimus Cove | $3,943 |
| Powerhouse | $3,943 |
| Van Vorst Park | $3,943 |
| St. Aedans | $3,680 |
| Meadowlands | $2,464 |
| Bergen Square | $2,383 |
| Hackensack | $2,383 |
| Marion | $2,383 |
| Communipaw - Lafayette | $2,365 |
| Hackensack Riverfront | $2,321 |
| LSP Industrial | $2,108 |
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What are the most affordable neighborhoods in Jersey City?
The most affordable neighborhoods in Jersey City are LSP Industrial, where the average rent goes for $2,108/month, Hackensack Riverfront, where renters pay $2,321/mo on average, and Communipaw - Lafayette, where the average rent goes for $2,365/mo. If you’re looking for other great deals, check out the listings from Bergen Square ($2,383), Hackensack ($2,383), and Marion ($2,383), where the asking prices are below the average Jersey City rent of $3,577/mo.
What are the most expensive neighborhoods in Jersey City?
The most expensive neighborhoods in Jersey City are Van Leer ($3,972), Newport ($4,037) and Hudson City ($4,205).
What are the most popular neighborhoods in Jersey City?
The most popular neighborhood in Jersey City is Bergen Square, where there are 5 listings with an average rent of $2,383. Next up is Hackensack, where apartments go for $2,383/month, followed by Marion with $2,383 If you’re looking to rent in Jersey City’s most popular neighborhoods, make sure to also check out Communipaw - Lafayette, where renters pay $2,365 on average, and Gregory Park, where the average monthly rent is $3,943.
Jersey City | Rent Comparison by Neighborhood
Rent in Bergen Square is 1% higher than in Communipaw - Lafayette
$2,383
Bergen Square rent is 33% lower than Jersey City average
Average Rent
$2,383
$2,365
Communipaw - Lafayette rent is 34% lower than Jersey City average
Average Rent
$2,365
How Jersey City Compares to Other Cities
| State | Average Rent |
|---|---|
| New York City | $4,416 |
| Manhattan | $4,768 |
| Brooklyn | $3,558 |
| Jersey City | $3,577 |
| Jersey Shore | $1,974 |
| Elizabeth | $1,772 |
| Manasquan | $2,178 |
| Newark | $1,507 |
| Passaic | $1,755 |
| Princeton | $2,911 |
| Red Bank | $2,236 |
What is the average price for a storage unit in Jersey City?
The average rent for a non-climate-controlled 10'x10' storage unit in Jersey City is $295.94. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
