The Beacon Jersey City
20 Beacon Way,
Jersey City, NJ 07304
$1,915 - $3,695
Studio - 2 Beds
Signs reading "The Heart of Jersey City: McGinley Square" line the streets of this bustling neighborhood. The up-and-coming area of Jersey City houses small businesses, diverse eateries, and large franchises alike. The streets buzz with commuters on their way to work, students heading to class, and locals running daily errands.
Saint Peter's College allots for much of historic McGinley Square. An active redevelopment plan and local organizations aim to make the neighborhood a highly desirable place to live by upgrading older buildings and bringing in new businesses, condos, and entertainment centers.
Locals can enjoy proximity to New York City and Downtown Jersey City while enjoying a more affordable cost of living. Unique shops, diverse cuisine, and a host of dynamic recreational parks await you in this thriving community.
As of January 2026, the average apartment rent in McGinley Square is $1,957 for a studio, $1,957 for one bedroom, $2,535 for two bedrooms, and $2,689 for three bedrooms. Apartment rent in McGinley Square has increased by 0.8% in the past year.
Studio
476 sq ft
Average Sq Ft
$1,957/month
Average Rent
1 BR
638 sq ft
Average Sq Ft
$1,957/month
Average Rent
2 BR
830 sq ft
Average Sq Ft
$2,535/month
Average Rent
3 BR
1,130 sq ft
Average Sq Ft
$2,689/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Niche User
10 years and 4 months ago•Niche Review
My first impression of this area was not good but mainly because I was expecting something more, I had been living in a very upscale area internationally, and living in NJ now has its drawbacks in regards to living conditions and the environment around you. It is very urban and the people living in the neighborhood seem very aggressive and I have to be careful and walking from home to the train station or college, is a very hard time for me even though its a 10 minute walk. I have to be extremely careful. There is an off license shop nearby which I think should not be there due to the crime rate. If I were to get another option 4-5 blocks away to live, I will surely take it. However everything is nearby which I like, but I would not go out and wander around after night time or early morning because I wouldn't feel safe. No matter what anyones ethnicity is I don't like having people stare at you while you walk which I do find people do. Maybe I feel this way because I had come from a very good place. Even though there are police cars roaming around and I hear a lot of police sirens go by in a day, I just don't find the place to be suitable for a girl who would be working and studying.
Niche User
10 years and 6 months ago•Niche Review
Jersey City has its bad and good areas. Personally, I live in the mid-point of it all, so I could analyze the difference in each section. The upper part of the city is very dirty and poor, there's garbage all over the streets and it stinks very bad. In general, I wouldn't recommend this city to live in, yes it has its views and positive sides but to visit only.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.