An analysis from Rent.com determined Jersey City to have the highest average monthly rent in the country with neighboring Hoboken also ranking high on their list.
Jersey City drew out-of-state renters from cities like New York, Philadelphia, and Chicago, with 69% of inbound renters falling into the millennial generation.
The study looked at both renting and buying based on listings from May 2021 compared to the same period last year.
Data sourced from apartment listings show that rents in New Jersey’s second-largest city rank just below those in major metropolises like New York and Los Angeles.
An analysis of 2017 trends shows that despite an increase in inventory, the prices for space in New Jersey’s second largest city increased.
Bayonne is definitely booming after SilkLofts fetches $32.1 million from NYC-based real estate investment firm.
With all the talk of rising prices in Jersey City, we thought it’d be refreshing to see the other side of the spectrum. Here’s a roundup of the 3 least expensive apartments currently on the market in Downtown Jersey City.