NJ has one of the shockingly highest rent rates in the country

We all know how outrageously expensive it is to live in New Jersey… but I, for one, didn’t know it was this bad for one particular city.

One spot in the Garden State is actually the second worst in the nation in terms of rent prices for a one bedroom apartment. This, according to a recent study that was released by Zumper.

The rental data for Zumper’s National Rent Report analyzes over one million active listings across the country every month. Listings are aggregated to calculate median asking rents for the top 100 most populous cities and therefore provides a comprehensive view of the current state of the market.

One notable trend from the study is that the national rent index showed that the median one-bedroom rent is up 1.6% annually to $1,534, while two-bedrooms climbed 2.7% to $1,915.

Shocking no one, the highest median rent rate for a one bedroom apartment turned out to be New York City. The rent spiked to $4,500 in August, reaching an all-time high for the second month in a row.

*In my best Sinatra impression* 🎶 If you can pay rent there, you can pay rent anywhere 🎶

But what about New Jersey’s worst rent rates?

That honor goes to Jersey City.

And that’s just for a one bedroom apartment, as for a two bedroom…

Unfortunately, this shouldn't be too surprising, a recent report by found that New Jersey is the seventh most expensive place for renters. You can read all about that in this article by Dino Flammia.

You can read the whole report from Zumper here. Otherwise, you should check out this crazy Jersey City home transformation.

The post above reflects the thoughts and observations of New Jersey 101.5's Kylie Moore. Any opinions expressed are Kylie's own. You can follow Kylie on Instagram.
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