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City Report · NJ

Hoboken

Pop. 58,668·9th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$3,941/mo
Year-over-Year
+4.8%
Month-over-Month
+1.9%
vs US Median
+$1,976
Rising (Monthly)
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Most AffordableMost Expensive
Hoboken · $3,941
More expensive than 97% of US cities · National median $1,965/mo
Rent Reality Score
36/100
Overpriced
OverheatedFairGreat value

Rents are 7% above what Hoboken's 10-year trend predicts — running hotter than its own history.

Actual rent
$3,941/mo
Expected by trend
$3,688/mo
The Rent Reality Score compares today's median rent to where Hoboken's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$3,000
1 BR
$3,040
2 BR
$3,450
3 BR
$4,240
4 BR+
$4,830
Research median
$3,450/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$47,292/yr
At $3,941/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.8% YoY, +1.9% MoM), not inventory.
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Demographics

Who lives here

Hoboken, NJ is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 82.6% of residents hold a bachelor's degree or higher.

Population
58,668
Median income
$180,579
Median age
31.9
Renters
66.2%
Age distribution
14.8%
45.9%
25.9%
Under 1814.8%
18–3445.9%
35–5425.9%
55–646.5%
65+6.8%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
68.4%
13.4%
12.7%
White68.4%
Black4.4%
Hispanic13.4%
Asian12.7%
Other1%
Education (25+)
82.6%
No HS diploma3.5%
HS diploma6.8%
Some college7.1%
Bachelor's+82.6%
Housing tenure
33.8%
66.2%
Owner33.8%
Renter66.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hoboken, NJ has changed in 5 years

Rent
$2,696 → $3,941
up 46.2%
Income
$160,890 → $180,579
up 12.2%
Population
59,369 → 58,668
down 1.2%
Renter share
64.9% → 66.2%
+1.3 pts
Bachelor's+
80.3% → 82.6%
+2.3 pts

Since 2021, the typical rent in Hoboken, NJ has climbed from $2,696 to $3,941, a 46.2% change over five years. On the earnings side, the typical household in Hoboken, NJ now reports about $180,579, up from $160,890 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.2% since 2021, moving from about 59,369 residents to roughly 58,668. College-educated residents now make up 82.6% of adults here, versus 80.3% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Hoboken, NJ reflects that arc in its own way.

Community

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View Hoboken rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hoboken on your salary?

At $3,941/mo, how Hoboken rent compares to typical pay (30% rule).

By apartment size

Hoboken rent by bedroom count

Median rent for each apartment size in Hoboken. Click any size for full breakdown.

Local insights

Tips for renters in Hoboken

About renting in Hoboken, NJ

Last updated: July 20, 2026

The median rent in Hoboken is $3,941/mo as of July 2026. A studio apartment averages $3,000/mo while a 2-bedroom runs $3,450/mo. One-bedroom apartments average $3,040/mo and 3-bedroom units go for $4,240/mo.

At 26% of local median household income ($180,579/yr), Hoboken ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

Is Hoboken an affordable city for renters?

Hoboken is considered affordable for renters. At $3,941/mo, rent takes approximately 26% of the local median household income ($180,579/yr). The standard benchmark is 30%. Hoboken falls comfortably within that range.

How much income do you need to rent in Hoboken?

To keep rent at or below 30% of gross income, you would need to earn at least $158,000/year (~$76/hour full-time) to afford the median rent of $3,941/mo in Hoboken. The local median household income is $180,579/yr, meaning the typical Hoboken household meets that threshold.

Is rent going up or down in Hoboken?

Rent in Hoboken has increased 4.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Hoboken rent compare to other cities in New Jersey?

Hoboken is one of the pricier cities in New Jersey for rent, ranking #9 out of 180 tracked cities at $3,941/mo.

Which nearby cities are cheaper to rent in than Hoboken?

Several nearby cities have lower median rents than Hoboken ($3,941/mo): Union City ($2,421/mo), West New York ($2,635/mo), Jersey City ($3,182/mo).

What percentage of Hoboken residents rent vs. own?

According to Census data, approximately 66.2% of Hoboken households are renters, while 33.8% are owner-occupied. With a majority renter population, Hoboken has a strong rental market.

How does Hoboken rent compare to the national average?

Hoboken's median rent of $3,941/mo is $1,976 (101%) above the US national median of $1,965/mo. Within New Jersey, it ranks #9 out of 180 tracked cities.
Income Affordability
26%
AFFORDABLE

At $3,941/mo, rent takes ~26% of Hoboken's median household income ($180,579/yr). The standard benchmark is 30%.

Hoboken 26%Benchmark 30%
State income tax1.4–10.75%
Run the Hoboken affordability calculator →
Lowest-rent ZIP codes in Hoboken
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hoboken, NJ

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