$4,200 Per Month
- 2 Beds
- 2 Baths
- 705 Sq Ft
- Condo for Rent
815 Willow Ave Unit 2R, Hoboken, NJ 07030
815 Willow Ave Unit 2R, Hoboken, NJ 07030
Frequently Asked Questions
How much does it cost to rent a condo in Hoboken, NJ?
The median rent for a condo in Hoboken, NJ is $5,460 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option while townhouses and condos are currently more expensive.
How much do you need to make to afford rent in Hoboken, NJ?
To comfortably afford the median rent in Hoboken, NJ, a household needs to earn roughly $185,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,625 per month in Hoboken, NJ, renters typically need to show $13,875 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Hoboken, NJ?
In Hoboken, NJ, the price-to-rent ratio is 17.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Hoboken, NJ are best for renting a condo?
The best neighborhood for renting in Hoboken, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include The Heights, The Waterfront, Chelsea, West Village and Downtown Jersey City, each with its own character and price range.
