Morristown

Studios and two bedroom apartments have seen a slight increase in the past 3 months and year over year. One bedroom apartments have remained relatively stable in pricing, while three bedroom apartments have seen a dip in pricing over the past six months, but have increased in price year over year. Winter months typically see a decrease in pricing across the board, but it seems the demand for 2-bed apartments has stayed strong and prices continue to go up. The median rent in Morristown, NJ is $2,862, 64% higher than the national average.

Princeton

There has been a steep increase in studio pricing, due to limited inventory in the area. One bedroom and two bedroom apartments have increased in the last 3-months and year over year, both due to popularity in the area and limited inventory. Though also limited in inventory, three bedroom apartments have dipped in the past six months which could be to do with single family homes being on the market at similar pricing to the apartments. The median rent in Princeton, NJ is $3,250, 86% higher than the national average.

Jersey City

Rental prices for studio and 1-bedroom apartments in Jersey City have stayed relatively consistent, while the cost of 2 and 3-bedroom units has decreased slightly over the last 3-6 months. Even as new inventory is added in up-and-coming neighborhoods, Jersey City continues to be a desirable and competitive place to live. The median rent for property in Jersey City, NJ is $3,175. This is 81% higher than the national median.

Recent Apartment Listings

Below are some recent listing examples.

Morristown

The Regency on Elm

• Studio
• Sq Ft: 500
• Rent: $2,050

Washington Park Terrace

• 1 br/1 ba
• Sq Ft: 632
• Rent: $2,275

Chancery Square

• 2 br/2 ba
• Sq Ft: 1,161
• Rent: $3,342

Carriage House

• 3 br/2.5 ba
• Sq Ft: 1,757
• Rent: $3,885

Princeton

Avalon Princeton

• Studio
• Sq Ft: 567
• Rent: $3,100

The Alice

• 1 br/1 ba
• Sq Ft: 674
• Rent: $2,995

Copper Wood

• 2 br/2 ba
• Sq Ft: 1,226
• Rent: $3,285

The Mews at Princeton Junction

• 3 br/2 ba
• Sq Ft: 1,344
• Rent: $3,655

Jersey City

The Beacon

• Studio
• Sq Ft: 462
• Rent: $2,215

CMPND

• 1 br/1 ba
• Sq Ft: 714
• Rent: $2,950

Cast Iron Lofts

• 2 br/2 ba
• Sq Ft: 1,515
• Rent: $4,326

Central 70

• 3 br/2 ba
• Sq Ft: 1,290
• Rent: $4,160

(Data sourced from Apartments.com)

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