Rents are 6% above what Hoboken's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $4,005 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in Hoboken usually run 0.7% below trend in February and 0.8% above it in August, about $60 a month apart at today's median. Based on 11 years of data.
Rent in Hoboken is at its highest level since Zillow's records here began in January 2015.
Rent in Hoboken changed +4.0% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
From 2019 to 2024, rent in Hoboken rose 26.9% while median household income rose 22.3% ($147,620 to $180,579). Rent outpaced income.
Rent in Hoboken is 34% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($180,579) is $4,514 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($4,240); a 4-bedroom is $4,830.
Union City, 2 miles away, rents for 41% less ($2,343/mo), about $19,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Hoboken. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Hoboken, NJ has changed in 5 years
Since 2021, the typical rent in Hoboken, NJ has climbed from $2,741 to $4,005, a 46.1% 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.
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Can you afford rent in Hoboken on your salary?
At $4,005/mo, how Hoboken rent compares to typical pay (30% rule).
Hoboken rent by bedroom count
Median rent for each apartment size in Hoboken. Click any size for full breakdown.
Tips for renters in Hoboken
Last updated: October 17, 2026
The median rent in Hoboken is $4,005/mo as of October 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 27% of local median household income ($180,579/yr), Hoboken ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Hoboken?
At $4,005/mo, rent takes ~27% of Hoboken's median household income ($180,579/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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