Morristown

In recent months, inventory has increased in Morristown, specifically in luxury buildings with top of the line amenities. Prices have stayed pretty consistent in the last 3-6-months for 1-bed and 2-bed apartments, with a slight decrease in studio pricing and a surprising decrease in pricing for 3-bedrooms in the last 3-months. The decrease is likely connected to increased availability, and a slow start to the summer where typically summer rents are highest. The median rent in Morristown, NJ is $2,883, $117 less than July of last year.

Princeton

Prices have stayed pretty consistent in the last 3-6-months for 1-bed and 2-bed apartments, with a steep decrease in studio pricing and a slight decrease in pricing for 3-bedrooms in the last 6-months. Typically we see an increase in rents over the summer months, so when we see dips it is typically due to increased availability creating competition in the rental market. The median rent in Princeton, NJ is $3,906, $106 more than July of last year.

Jersey City

Rental prices for studio, 1BR, 2BR and 3BR units have increased steadily in the last 3-6 months, as expected leading into the summer months. Even as new inventory is added in up and coming areas, we see that Jersey City continues to be a desirable and competitive area to live. With easy accessibility to Manhattan without the Manhattan price tags, it's easy to see why so many luxury apartments continue to be built. The median rent for property in Jersey City, NJ is $2,492.

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Apartment Options

Morristown

Heritage House

• Studio
• Sq Ft: 400
• Rent: $2,095

The Monroe

• 1 br/1 ba
• Sq Ft: 646
• Rent: $2,414

Alister

• 2 br/1 ba
• Sq Ft: 1200
• Rent: $3,295

Carriage House

• 3 br/2.5 ba
• Sq Ft: 1757
• Rent: $4,000

Princeton

172 Nassau St

• Studio
• Sq Ft: 300
• Rent: $2,500

Eaves West Windsor

• 1 br/1 ba
• Sq Ft: 675
• Rent: $2,020

Windsor Woods

• 2 br/2 ba
• Sq Ft: 1,105
• Rent: $2,679

Avalon Princeton

• 3 br/2.5 ba
• Sq Ft: 2,169
• Rent: $7,810

Jersey City

Embankment House

• Studio
• Sq Ft: 611
• Rent: $2,680

Montgomery Towers

• 1 br/1 ba
• Sq Ft: 600
• Rent: $2,800

829 Garfield

• 2 br/2 ba
• Sq Ft: 900
• Rent: $2,800

412 Whiton

• 3 br/2 ba
• Sq Ft: 1,180
• Rent: $3,750