Study Says Jersey City Rents Continue to Fall
Jersey City’s seemingly endless streak of rent increases has continued to go in the opposite direction in recent months, despite Hudson County’s largest city still ranking as one of America’s most expensive rental markets...
Notably, the price of one-bedrooms in Jersey City is down 17.8% since this time last year, while the cost of the average two-bedroom lease is off 15%. Zumper’s report follows a similar study from earlier this summer, which found that Jersey City ranked even higher nationwide with the third most expensive rent in the country.