626 Newark Ave
626 Newark Ave,
Jersey City, NJ 07306
Studio - 2 Beds | $2,308 - $4,108
Rental Market Trends in Jersey City, NJ
What is the average rent in Jersey City, NJ?
$3,218/month
Average Rent
708 Sq Ft
Average Apartment Size
+2.1%
Increase in the Last Year
As of July 2025, the average rent in Jersey City, NJ is $3,218 per month. This is 97% higher than the national average rent price of $1,637/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 $2,691 per month for a studio, $3,218 for a one-bedroom apartment, and around $4,286 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $5,174 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 2.1%, which averages out to $67 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 July 2025
Legend
2024
2025
Rent Ranges in Jersey City, NJ
Last Updated July 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
5%
$700 - $1,000/month
19%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
55%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Jersey City?
Based on current rent prices, West Slope, Centre Hill and The Hill 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, Colgate Center, Harsimus and Powerhouse Arts District 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 Hudson Exchange .
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 $3,218, you’ll want to make about $10,726 per month or $128,712 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
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Jersey City we think you'll love
Property Management Companies in Jersey City, NJ
Greystar
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911,127
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The KRE Group
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Ironstate Development Company
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17
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Veris Residential, Inc.
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15
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6,777
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Tuli Realty
-
23
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1,169
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-
14
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AvalonBay
-
238
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-
80,452
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154
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Kushner Companies
-
61
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-
21,142
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Methodology
† 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 June 2025.
* Percentages may not total 100 due to rounding.