165 Apartments for rent in Hoboken, NJ
📍Average Rent in Hoboken
Looking for an apartment with a view of the New York City skyline, but don't want to pay for a $2,000 closet? Well then, take the train over to Hoboken, because if it was good enough for Frank Sinatra, then it's probably good enough for you, too!
Fun Fact Alert! The first recorded baseball game in history was played in this city, at the Stevens Institute of Technology. Other than a history that makes baseball fans stare off blankly in nostalgic awe, Hoboken also has an awesome downtown with good eats, eclectic shops, and an amazing nightlife. For a daily welcome home party, just plan to step off the train at happy hour, when all the young professionals flood the bars for cocktails and microbrews, and when all the hipsters and weirdos wake up for another day of play.
Finding an apartment that’s convenient to downtown, groceries, and the train to New York is not hard in a city where everything’s within walking distance. What will be hard is balancing your priorities of price and luxury, because this city has some freaking awesome apartments, condominiums, and chic lofts that offer endless lists of amenities. Things like hot tubs, swimming pools, saunas, game rooms, theaters, top floor clubhouses, and concierge services can be tempting, however, you’ll be paying top dollar. And, if you want to park a car at your apartment, many places will charge an extra $200 a month for a space.
Amenities and parking aside, the typical Hoboken apartment can be as cheap as $1,000 or as expensive as $6,000. In the $1,000 to $2,000 range, there are plenty of beautiful, roomy rentals, many in old, historic buildings. Apartments charging more than $2,000 are more modern, spacious, and luxurious. Creative interior design, hardwood floors, a fireplace, a gourmet kitchen, and a stunning loft-style living room with extremely high ceilings and walls of windows are worth a little extra money, if you've got it. Not to mention, the amenities become more plentiful. If you've got a lot of extra money, you can look at those $3,000+ apartments fit for a king, or maybe a Jersey Shore celebrity.
In recent years, Hoboken has become a very safe little city. It’s one of the safest areas outside Manhattan, with very few incidents in a very, very small part of town. Though safety isn't so much an issue, you’ll still have to worry about those drunken bar hoppers and petty thefts. Families may want to look away from the main downtown area to keep those kiddos from getting trampled under roving packs of drunks, hipsters, and other breeds of the nightlife variety.
With a great selection of very nice, spacious apartments, amazing river and skyline views, a quick train ride into Manhattan, and tons of local culture to boot, it just seems silly to look anywhere else. Welcome home!
September 2019 Hoboken Rent Report
Welcome to the September 2019 Hoboken Rent Report. Hoboken rents increased over the past month. In this report, we'll evaluate trends in the Hoboken rental market, including comparisons to cities throughout the metro, state, and nation.
September 2019 Hoboken Rent Report
Welcome to the September 2019 Hoboken Rent Report. Hoboken rents increased over the past month. In this report, we'll evaluate trends in the Hoboken rental market, including comparisons to cities throughout the metro, state, and nation.
Hoboken rents increased slightly over the past month
Hoboken rents have increased 0.2% over the past month, and are up moderately by 2.0% in comparison to the same time last year. Currently, median rents in Hoboken stand at $2,247 for a one-bedroom apartment and $2,677 for a two-bedroom. This is the sixth straight month that the city has seen rent increases after a decline in February. Hoboken's year-over-year rent growth leads the state average of 1.0%, as well as the national average of 1.5%.
Rents rising across the New York Metro
Throughout the past year, rent increases have been occurring not just in the city of Hoboken, but across the entire metro. Of the largest 10 cities that we have data for in the New York metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
- Newark has the least expensive rents in the New York metro, with a two-bedroom median of $1,405; the city has also seen rents fall by 1.4% over the past month, the biggest drop in the metro.
- Union City has seen the fastest rent growth in the metro, with a year-over-year increase of 9.2%. The median two-bedroom there costs $1,805, while one-bedrooms go for $1,515.
- Hoboken has the most expensive rents of the largest cities in the New York metro, with a two-bedroom median of $2,677; rents grew 0.2% over the past month and 2.0% over the past year.
Many large cities nationwide show more affordable rents compared to Hoboken
As rents have increased slightly in Hoboken, a few large cities nationwide have also seen rents grow modestly. Compared to most large cities across the country, Hoboken is less affordable for renters.
- Hoboken's median two-bedroom rent of $2,677 is above the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 2.0% rise in Hoboken.
- While Hoboken's rents rose slightly over the past year, many cities nationwide also saw increases, including Boston (+2.2%), Atlanta (+1.6%), and DC (+1.5%).
- Renters will generally find more expensive prices in Hoboken than most large cities. For example, Houston has a median 2BR rent of $1,032, where Hoboken is more than two-and-a-half times that price.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Read more about our new methodology below, or see a more detailed post here.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
Read more about our methodology here.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.