Rental market snapshot for Downtown, Jersey City
Downtown rental market summary
The rental market in Downtown, New Jersey is showing signs of growth. In July of 2023, there were 402 new listings, a 4.1% increase from the previous month. This is a sign that the rental market is becoming more competitive. The median rent in July of 2023 was $3,799, a 7.2% increase from the same time last year. This suggests that the rental market is becoming more expensive, as demand for rental units is increasing.
Overall, the rental market in Downtown, New Jersey is showing signs of growth. The number of new listings is increasing, and the median rent is increasing as well. This suggests that the rental market is becoming more competitive, and that rental prices are increasing as demand for rental units increases.
Median rent for all residential properties in Downtown
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The most expensive listings and top trending buildings in Downtown
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
273 16th St | $9,856 | 3 / 4.5 |
142 Steuben St | $9,500 | 2 / 2.0 |
315 15th St | $8,500 | 3 / 3.0 |
273 16th St | $7,157 | 2 / 2.0 |
273 16th St | $7,075 | 2 / 2.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Brookfield Properties Multifamily LLC | $4,073 |
Quarterra | $4,069 |
Toll Brothers Apartment Living. | $3,986 |
Emerson Leasing Co. I LLC | $3,854 |
Veris Residential | $3,680 |
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Bedroom Breakdown in Downtown
Downtown neighborhood apartments rents
The rental market for studios in Downtown, New Jersey is showing signs of growth. In July 2023, there were 11 new studio listings, and the median rent for studios increased by 2.9% from June 2023 to July 2023, from $3,022 to $3,110. This suggests that the demand for studios in Downtown, New Jersey is increasing, and that the rental market is becoming more competitive.
The rental market for 1-bedroom apartments in Downtown, New Jersey is showing signs of stability. In July 2023, there were 59 new 1-bedroom listings, and the median rent for 1-bedroom apartments was $3,595, a 1.4% decrease from the median rent in June 2023. This suggests that the rental market is not experiencing significant fluctuations in prices, and that the market is relatively stable.
The rental market for 2-bedroom apartments in Downtown, New Jersey is showing signs of growth. In July 2023, there were 32 new 2-bedroom listings, a 3.1% increase in median rent from June 2023 to July 2023, and a median rent of $4,895. This indicates that demand for 2-bedroom apartments in Downtown, New Jersey is increasing, and that the rental market is becoming more competitive.