Average Rent in Jersey City, NJ
The Fair Market Rent for a 2-bedroom in Jersey City, NJ is $2,763 per month, based on HUD data. With a median household income of $97,334, a household would spend 34.1% of income on housing at Fair Market Rent. Rent has increased 20.2% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $2,407 |
| 1 Bedroom | $2,458 |
| 2 Bedroom | $2,763 |
| 3 Bedroom | $3,367 |
| 4 Bedroom | $3,955 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $97,334 |
| Rent Burden (2BR FMR / Income) | 34.1% |
| Income Needed for 2BR (30% rule) | $110,520/yr |