Jersey City is the most expensive city to rent a home in the United States, according to a report conducted by property listing service Rent.com.
Jersey City ranked first on this list, followed by Boston and Palo Alto, California.
“I think getting out of New York City and across the river made some sense,” said John Mercedal of Fresno, California.
Jersey City average rents jumped from $3,308 in 2021 to $5,500 in 2022, an increase of 66.25%.
“I think you can find quite a few properties in the area if you work with local owners and people who know the area,” says Jersey City’s Caroline Barrick. can be found.
The website considered the number of units available for rent when determining this listing. Cities with populations less than 50,000 were excluded.
Hoboken also made the list of the top 10 highest rents in the nation, with an average rent bill of $4,264, up 21.46% from last year and ranked 7th in the nation.
Bayonne ranks 34th, the only other city in New Jersey to make the list. The average renter writes checks for $3,101 each month.