CMPND Luxury Apartments
9 Homestead Pl,
Jersey City, NJ 07306
1-3 Beds | $2,950 - $5,100
Rental Market Trends in Jersey City, NJ
What is the average rent in Jersey City, NJ?
$3,093/month
Average Rent
706 Sq Ft
Average Apartment Size
+2.2%
Increase in the Last Year
As of December 2024, the average rent in Jersey City, NJ is $3,093 per month. This is 98% higher than the national average rent price of $1,560/month, making Jersey City one of the most expensive cities in the US. When you rent an apartment in Jersey City, you can expect to pay about $2,572 per month for a studio, $3,093 for a one-bedroom apartment, and around $4,024 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,824 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 Jersey City, NJ?
In the past year, rent has increased by 2.2%, which averages out to $70 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 December 2024
Legend
2023
2024
Rent Ranges in Jersey City, NJ
Last Updated December 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
6%
$700 - $1,000/month
20%
$1,001 - $1,500/month
22%
$1,501 - $2,000/month
51%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Jersey City?
Based on current rent prices, Greenville, West Side-Hudson and Bergen-Lafayette are the most affordable neighborhoods in Jersey City.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Jersey City?
Based on current rent prices, The Waterfront, Jersey City Waterfront and Newport are the most expensive neighborhoods in Jersey City.
Neighborhood
Average Rent
Average Sq Ft
Which Jersey City neighborhoods have the most rentals available?
The neighborhoods in Jersey City with the most apartments available are Jersey City Waterfront, The Waterfront and Downtown Jersey City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Jersey City, NJ?
Because the average rent in Jersey City is $3,093, you’ll want to make about $10,310 per month or $123,720 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 Jersey City, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Jersey City, 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
$1,598/month
$3,084/month
One Bedroom
$1,157/month
$3,659/month
Two Bedroom
$1,261/month
$5,077/month
Three Bedroom
$1,235/month
$6,261/month
Nearby City Rent Trends
Apartment communities in Jersey City we think you'll love
Property Management Companies in Jersey City, NJ
Ironstate Development Company
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23
Communities
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5,839
Units
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7
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10 Communities in Jersey City
Greystar
-
3,186
Communities
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882,573
Units
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828
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The KRE Group
-
24
Communities
-
7,991
Units
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18
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7 Communities in Jersey City
Bozzuto
-
351
Communities
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107,559
Units
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151
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5 Communities in Jersey City
Veris Residential, Inc.
-
16
Communities
-
6,342
Units
-
11
Cities
4 Communities in Jersey City
Tuli Realty
-
15
Communities
-
818
Units
-
10
Cities
3 Communities in Jersey City
LeFrak
-
11
Communities
-
14,717
Units
-
6
Cities
3 Communities in Jersey City
Windsor Communities
-
140
Communities
-
44,447
Units
-
74
Cities
2 Communities in Jersey City
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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.