Rental market snapshot for Bergen-Lafayette, Jersey City

Bergen-Lafayette rental market summary

The rental market in Bergen-Lafayette, New Jersey is showing signs of growth. In July of 2023, there were 166 new listings, a significant increase from the previous month. The median rent for the area also increased from $2,400 in June of 2023 to $2,450 in July of 2023, a 2.1% increase. This is a 9.0% increase from the median rent in July of 2022, which was $2,248.

These figures suggest that the rental market in Bergen-Lafayette is growing and becoming more competitive. With more listings and higher rents, it is becoming a desirable area for renters. This is good news for landlords and investors, as they can expect to see higher returns on their investments. It is also good news for renters, as they have more options to choose from and can expect to find better deals.

Median rent for all residential properties in Bergen-Lafayette

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The most expensive listings and top trending buildings in Bergen-Lafayette

Most Expensive Listings

AddressRent PriceBed / Bath
89 Monitor St$4,4022 / 2.0
295 Johnston Ave$4,0552 / 2.0
437 Whiton St$4,0003 / 2.0
89 Monitor St$3,9582 / 2.0
89 Monitor St$3,7591 / 1.0

Top Trending Buildings

building nameavg rent price
South Oxford Management LLC$3,759

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Bedroom Breakdown in Bergen-Lafayette

Studio
$2,898
MEDIAN RENT
1 Bedroom
$2,100
MEDIAN RENT
2 Bedroom
$3,125
MEDIAN RENT

Bergen-Lafayette neighborhood apartments rents

The rental market for studios in Bergen-Lafayette, New Jersey is showing signs of growth. In July 2023, there were 9 new studio listings, representing an increase in the number of available rental units. The median rent for studios in July 2023 was $2,898, an 18.2% increase from the median rent in June 2023 of $2,451. This suggests that demand for studio rentals in Bergen-Lafayette is increasing, and that renters should expect to pay more for studio rentals in the area.

The rental market for 1-bedroom apartments in Bergen-Lafayette, New Jersey is showing signs of growth. In July 2023, there were 3 new 1-bedroom listings, and the median rent for 1-bedroom apartments increased by 30.8% from June 2023 to July 2023, from $3,035 to $2,100. This suggests that the rental market is becoming more competitive, and that renters may be able to find better deals in the area.

The rental market for 2-bedroom apartments in Bergen-Lafayette, New Jersey, saw a slight decrease in rent from June to July 2023. There were 13 new 2-bedroom listings in July 2023, with the median rent for 2-bedroom apartments being $3,125. This is a decrease of .7% from the median rent of $3,148 in June 2023. This slight decrease in rent could be attributed to the influx of new listings, providing more options for renters in the area.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Bergen-Lafayette is $2,450.
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