Jersey City, NJ Rental Market
Jersey City has transformed from a working-class port city into one of the most desirable rental markets on the East Coast, driven by its unrivaled Manhattan waterfront views and PATH train access to Lower Manhattan in under 5 minutes. Goldman Sachs's major hub, a growing cluster of financial services and tech firms, and luxury high-rise development along the Hudson River waterfront attract high-income tenants who value Manhattan proximity at a fraction of the price. Jersey City now commands New Jersey's highest rents and offers a vibrant mid-market urban rental landscape in neighborhoods like Journal Square, The Heights, and Greenville.
Get a rent estimate for an address in Jersey CityAverage Rent in Jersey City, NJ
$2,450
per month · 2026-06
Market Score
Key Facts — Jersey City, NJ Rental Market
- Average rent in Jersey City, NJ:$2,450/mo
- Median rent:$2,254/mo
- Rent range:$1,225 – $5,400/mo
- Most common rental (2 bedrooms):$2,150/mo
- Active listings:1,400
- Avg days to lease:25 days
- Year-over-year change:+4.2%
- Median home value:$580,000
- Est. gross annual yield:5.1%
- Data as of:2026-06
Rent by Bedroom in Jersey City, NJ
Average monthly rent for each bedroom type based on current active listings in Jersey City.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,775/mo |
2 Bedrooms | $2,150/mo |
3 Bedrooms | $2,750/mo |
4 Bedrooms | $3,375/mo |
5 Bedrooms | $3,875/mo |
Jersey City Rental Market Statistics
Key indicators from the current Jersey City, NJ rental market.
1,400
Available now in Jersey City
25
From list to lease
$1.69
Average across listings
1,450 sq ft
Typical rental size
$1,225 – $5,400
Min to max active listings
+4.2%
Avg rent vs. prior year
Investing in Jersey City, NJ Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$580,000
Typical purchase price in Jersey City
Est. Gross Annual Yield
5.1%
Before expenses & vacancy
Avg Monthly Income
$2,450
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Jersey City for a full cash-flow breakdown including all costs.
Jersey City, NJ Rental Market FAQ
Common questions about renting and investing in Jersey City, NJ.
What is the average rent in Jersey City, NJ?
The average rent in Jersey City, NJ is $2,450 per month as of 2026 — the highest in New Jersey. One-bedroom apartments average $1,775/mo, two-bedrooms $2,150/mo, and three-bedrooms $2,750/mo. Waterfront neighborhoods near the PATH train command premium rents of $3,000–$5,000+/mo, while neighborhoods like Journal Square and The Heights offer more affordable options.
Is Jersey City, NJ a good place to invest in rental property?
Jersey City offers an estimated 5.1% gross annual yield — lower than other NJ markets but supported by 4.2% year-over-year rent growth and strong appreciation from continued waterfront development. Goldman Sachs, Morgan Stanley, and a growing roster of financial technology firms create a high-income professional tenant base with low vacancy risk in well-maintained properties.
How does Jersey City compare to Manhattan for renters?
Jersey City offers rents approximately 40–55% below comparable Manhattan apartments while providing PATH train access to the World Trade Center in under 5 minutes and Midtown in 15–20 minutes. Many tenants view Jersey City as a financially rational alternative to Lower Manhattan and Tribeca, particularly for families seeking more space. This dynamic drives sustained demand and makes the Jersey City rental market highly correlated with Manhattan's health.
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