$2,700 Per Month
- 2 Beds
- 2 Baths
- 1,128 Sq Ft
- Condo for Rent
31 Cherry St Unit G1, Jersey City, NJ 07305
31 Cherry St Unit G1, Jersey City, NJ 07305
Frequently Asked Questions
How much does it cost to rent a condo in Jersey City, NJ?
The median rent for a condo in Jersey City, NJ is $2,650 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 Jersey City, NJ?
To comfortably afford the median rent in Jersey City, NJ, a household needs to earn roughly $104,000 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 $2,600 per month in Jersey City, NJ, renters typically need to show $7,800 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 Jersey City, NJ?
In Jersey City, NJ, the price-to-rent ratio is 22.4, 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 Jersey City, NJ are best for renting a condo?
The best neighborhood for renting in Jersey City, NJ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include McGinley Square, Downtown Jersey City, Bergen-Lafayette, West Side and The Waterfront, each with its own character and price range.
