The Lexington
619 Adams St,
Hoboken, NJ 07030
1-3 Beds | $3,000 - $17,500
Rental Market Trends in Hoboken, NJ
What is the average rent in Hoboken, NJ?
$3,696/month
Average Rent
755 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of January 2025, the average rent in Hoboken, NJ is $3,696 per month. This is 138% higher than the national average rent price of $1,554/month, making Hoboken one of the most expensive cities in the US. When you rent an apartment in Hoboken, you can expect to pay about $2,875 per month for a studio, $3,696 for a one-bedroom apartment, and around $4,540 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,080 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Hoboken, NJ?
In the past year, rent has increased by 1.6%, which averages out to $58 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Hoboken, NJ
Last Updated January 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
89%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Hoboken?
Based on current rent prices, Downtown Hoboken and Uptown Hoboken" are the most affordable neighborhoods in Hoboken.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Hoboken?
Based on current rent prices, Uptown Hoboken and Downtown Hoboken" are the most expensive neighborhoods in Hoboken.
Neighborhood
Average Rent
Average Sq Ft
Which Hoboken neighborhoods have the most rentals available?
The neighborhoods in Hoboken with the most apartments available are Uptown Hoboken and Downtown Hoboken" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Hoboken, NJ?
Because the average rent in Hoboken is $3,696, you’ll want to make about $12,320 per month or $147,840 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hoboken, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Hoboken, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,897/month
$2,846/month
One Bedroom
$3,545/month
$3,831/month
Two Bedroom
$4,373/month
$4,688/month
Three Bedroom
$5,908/month
$6,234/month
Nearby City Rent Trends
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3,198
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BNE Real Estate Group
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17
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Willow Bridge
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679
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185,033
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311
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1 Community in Hoboken
The NRP Group
-
61
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-
16,329
Units
-
29
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1 Community in Hoboken
Veris Residential, Inc.
-
16
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-
6,342
Units
-
11
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1 Community in Hoboken
Tuli Realty
-
15
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-
805
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.