Rental market snapshot for West Side, Jersey City

West Side rental market summary

The rental market in West Side, New Jersey is showing signs of growth. In July 2023, there were 219 new listings, a significant increase from the previous month. The median rent also increased from $2,250 in June 2023 to $2,358 in July 2023, representing a 4.8% increase. This is even more impressive when compared to the median rent in July 2022, which was $1,795, representing a 31.4% increase. This indicates that the rental market in West Side, New Jersey is becoming increasingly competitive and desirable.

Renters in West Side, New Jersey are likely to benefit from the increasing competition in the rental market. With more listings and higher median rents, renters have more options to choose from and can negotiate for better deals. This is great news for those looking for a rental in West Side, New Jersey, as they can expect to find more options and better prices in the near future.

Median rent for all residential properties in West Side

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The most expensive listings and top trending buildings in West Side

Most Expensive Listings

AddressRent PriceBed / Bath
24 University Place Blvd$4,0202 / 2.0
26 University Place Blvd$4,0202 / 2.0
400 Claremont Ave$3,8502 / 2.0
400 Claremont Ave$3,7752 / 2.0
24 University Place Blvd$3,6102 / 2.0

Top Trending Buildings

building nameavg rent price
RHO Residential LLC$2,754
Zillow Rental Network Premium$2,523
PRC Management Co. Inc.$2,399

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Bedroom Breakdown in West Side

Studio
$1,900
MEDIAN RENT
1 Bedroom
$2,450
MEDIAN RENT
2 Bedroom
$3,300
MEDIAN RENT

West Side neighborhood apartments rents

The rental market for studios in West Side, New Jersey, is relatively stable. In July 2023, there was only one new studio listing, and the median rent for studios remained nearly the same, with a slight decrease of 1.3% from June 2023. This suggests that the rental market for studios in West Side is not experiencing any significant changes in terms of availability or pricing.

The rental market for 1-bedroom apartments in West Side, New Jersey is showing signs of growth. In July 2023, there were 30 new 1-bedroom listings, a 1.4% increase in median rent from June 2023 to July 2023, and a median rent of $2,450. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.

The rental market for 2-bedroom apartments in West Side, New Jersey, in July 2023 is relatively stable. There were 20 new 2-bedroom listings in July, and the median rent for 2-bedroom apartments remained unchanged from June to July at $3,300. This indicates that the rental market is not experiencing any significant changes in terms of pricing or availability.

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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 West Side is $2,358.
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