Renters Guide for Hoboken, NJ

With its rich history dating back to the 17th century, Hoboken has evolved into a diverse and dynamic community that offers a unique blend of urban convenience and small-town charm. Its proximity to New York City, just a short PATH train ride away, makes it an ideal location for commuters seeking a quieter lifestyle.

Residents enjoy a vibrant nightlife, world-class dining, and abundant outdoor activities along the waterfront. From cozy coffee shops to trendy bars, Hoboken caters to a variety of lifestyles and preferences. 

In this guide, we’ll cover everything you need to know about Hoboken rental apartments.

What We’ll be Covering
Living in Hoboken
Understanding the Rental Market
Getting to Know Hoboken’s Neighborhoods
How to Find an Apartment for Rent in Hoboken
Should You Rent an Apartment or a Single-Family Home?
Renting an Apartment in Hoboken with Pets
Budgeting for Your Move
Applying to Rent an Apartment in Hoboken
Before You Sign That Lease…
Frequently Asked Questions
Ready to Find the Ideal Rental in Hoboken?

Living in Hoboken

Rental apartments in Hoboken are your gateway to an upscale but laidback lifestyle, where everything you need is always within reach.

Commuting:

PATH Train: A quick and efficient way to commute to Manhattan.

Ferries: Provide scenic transportation to New York City’s Midtown and Downtown areas.

Bus Routes: The Hop offers an easy and affordable way to explore the city.

Local Amenities:

Grocery Stores: Shop at local markets or major grocery chains.

Gyms: Stay fit at various gyms and fitness studios.

Parks: Enjoy outdoor activities and various green spaces in the waterfront area.

Schools: The Hoboken Public School District is rated #1 in Hudson County by Niche.com

Community Events:

Festivals: Annual events like the Hoboken Arts and Music Festival unite the community.

Markets: Downtown, Midtown, and Uptown Hoboken all host farmers markets.

Nightlife: Popular destinations include Dear Maud, Willie McBrides, and Pier 13.

Understanding the Rental Market

According to Realtor.com, the average rent in Hoboken is around $3,800 per month. The cost for apartment rentals in Hoboken varies depending on location, but expect to pay about $2,200/month for a studio unit, $2,500 for a one-bedroom unit, and upward of $2,600 for a two-bedroom unit.

Here are the typical rental properties you’ll find in this vibrant city:

Brownstones — Highly coveted historic houses dating back to the mid-1800s that can boast stunning architectural details.

Luxury condominiums — Hoboken condos for rent or luxury condos rentals come with high-end finishes and deluxe features like spa-inspired bathrooms and wrap-around balconies.

Townhouses — Multi-level properties with three or more floors to maximize space. They often have private outdoor space, too.

Low and high-rise apartments — Rental apartments in Hoboken, NJ are an excellent choice for single professionals and small families. They usually have amenities like swimming pools, pet parks, and fitness centers.

Single-family homes — A rare find that’s especially suited for growing families who want more space and privacy.

Getting to Know Hoboken’s Neighborhoods

From lively main streets to quiet residential areas, Hoboken offers the best of both worlds.

Downtown Hoboken
This area is known for its bustling nightlife, trendy restaurants, and boutique shops. Washington Street is home to a myriad of dining options as well as several historic brownstone houses. Its desirable location translates to higher rents, however.

Uptown Hoboken
A quieter and more family-friendly area, Uptown Hoboken features spacious parks, leafy streets, and a more relaxed ambiance. Many of the homes here also have beautiful river-facing views. 

Midtown Hoboken
True to its name, this neighborhood strikes a balance between the bustle of Downtown and the more suburban vibe of Uptown. Rental properties range from deluxe brownstone homes to more affordable apartments.

Waterfront District
A popular location for Hoboken luxury apartment buildings, this area offers stunning views of the Hudson River and New York skyline. Rental homes here grant easy access to large parks, the promenade, and various leisure activities.

How to Find Apartment Rentals in Hoboken

Wondering how to find the perfect Hoboken rental? Let's explore your options.

Use listing platforms — Utilize popular rental websites like Zillow, StreetEasy, and Apartments.com to browse listings, filter neighborhoods, and set up alerts for new properties.

Crowdsource from online communities  — Join Facebook groups and community forums to connect with other residents and potential landlords. You may find hidden gems or off-market rentals through these networks.

Work with a real estate agent — They can provide expert advice, help you negotiate leases, and schedule property tours. Moreover, they have access to rental properties that might not be listed on online platforms.

Should You Rent an Apartment or a Single-Family Home?

Which kind of rental property you choose boils down to these crucial factors:

Budget — Given their smaller size, apartments are generally more affordable. The rarity and larger square footage of single-family homes translate to higher rental rates.
Amenities and lifestyle— Apartment buildings usually have amenities like gyms, swimming pools, bike storage, and pet parks. You get more privacy and space if you rent a house in Hoboken, NJ, but don’t have the aforementioned features.

Maintenance — Landlords and property managers typically handle maintenance for apartments, but this is not always guaranteed with rental homes. If you’re renting a home, be sure to ask if lawn care and other upkeep are part of the rent.
Location — Apartments and condominiums put you in the lively but busy heart of Downtown Hoboken. Rental homes, meanwhile, tend to be located in the further but quieter Uptown neighborhood.

The above-mentioned factors can also help you decide whether to rent or buy a house. 

Renting an Apartment in Hoboken with Pets

If you’re sharing your apartment with four-legged family members, take heed of these tips when apartment-hunting.

Ask upfront if a building is pet-friendly
Many apartment buildings in Hoboken, NJ allow pets, but some may have breed restrictions. Carefully review the lease agreement to understand specific pet policies.

Be ready for pet fees
These vary depending on the building and the kind of pet you have. Larger breeds often incur bigger fees.

Watch out for noise restrictions
Well-trained and well-behaved pets are a must for apartments and condos, especially since you share walls with neighbors.

Budgeting for Your Move

Renting an apartment in Hoboken comes with both one-time and recurring costs, such as:

Moving Costs

Hiring Movers — If you're hiring professional movers, factor in the cost of labor and any additional services like packing and storage.

Packing Supplies — Purchase boxes, tape, bubble wrap, and other packing materials.

Transportation — If you're moving a long distance, you'll need to factor in transportation costs, such as fuel, tolls, or rental truck fees.

Storage — If you need to store your belongings temporarily, you'll need to rent storage space as well.

Upfront Costs

Security Deposit — Typically equal to one or two months' rent.

Broker's Fee — Often charged by real estate agents; usually one month’s rent.

First Month's Rent — Covers your initial month of occupancy.

Application Fees — Fees charged by landlords to process rental applications.

Monthly Expenses

Rent — The regular monthly payment for your rental unit. Review the lease to know what date of the month the rent is due.

Utilities — Costs for electricity, gas, water, trash pickup, and internet services. 

Renter's Insurance — Protects your belongings in case of theft, fire, or other damage.

Potential Hidden Costs

Parking Permits — Fees for on-street or off-street parking.

Appliance Rentals — Costs for renting appliances like refrigerators or washing machines, especially in older buildings.

HOA Fees— Monthly fees for condo units that cover building maintenance, security, and amenities.

Applying to Rental Apartments in Hoboken, NJ

Prepare the following documents and make sure to understand the rental terms.

Required Documents:

• Rental application form

• Credit score

• Proof of income (pay stubs, tax returns, etc.)

• References (from previous landlords or employers)
  

  
  Renter's Insurance: New Jersey does not require renter’s insurance, but many landlords do.
  

  
  Lease Terms: Carefully review the lease agreement to understand terms like:

• Pet policies

• Maintenance responsibilities

• Subletting restrictions

• Notice periods
  

Before You Sign That Lease…

Finding a great apartment in Hoboken is exciting, but don’t forget to do diligence.

Scams and Fraudulent Listings
Be wary of deals that seem too good to be true. Always verify the legitimacy of Hoboken apartments for rent — DO NOT sign a lease or forward money without personally visiting the property and talking to the landlord.

Overpaying for Unnecessary Amenities
While amenities like rooftop pools and gyms can be appealing, assess whether they're worth the extra cost. Prioritize features that align with your lifestyle and budget.

Lease Clauses
Carefully review the lease agreement to understand terms like:

• Renewal Clauses: Understand the terms for renewing your lease and potential rent increases.

• Subletting Policies: Ensure you're aware of any restrictions on subletting your unit.

• Restrictive Rules: Avoid leases with overly restrictive rules, such as limitations on guests, noise levels, or decorations.

• Maintenance Responsibilities: Clarify who is responsible for repairs and maintenance.

• Early Termination Fees: Be aware of any penalties for breaking the lease early.

• Vague or Ambiguous Language: Avoid leases with vague or ambiguous language that could lead to disputes — and surprise penalties.

Frequently Asked Questions

What is the average rent for a one-bedroom apartment in Hoboken?

$2,200–$3,800 depending on location and amenities.

Are apartment rental prices going down?

Rental prices are still trending up. As per Zillow, rent in Hoboken has increased by about $213 year over year.

What deposits are required?

Landlords typically require a security deposit, a pet deposit, and last month’s rent.

How much is an agent's commission and who pays it?

It may vary from agent to agent, but renters typically pay one month’s rent as a broker’s fee.

How do I get a parking permit in Hoboken?

You need to apply through the Hoboken Parking Utility, and provide proof of residence and vehicle registration.

Are pets allowed in most rentals?

Many buildings have pet-friendly policies, but some restrict pets or charge additional fees. Review your lease contract for specifics.

What’s the best way to commute to NYC?

The PATH train or ferries are convenient and affordable options.

What is renters insurance?

It is a policy that reimburses you if belongings are stolen or damaged.

How competitive is the rental market?

Hoboken's market is competitive, especially during the summer months. Be prepared to act quickly when you find a suitable rental.

Can I negotiate rent?

Negotiation may be possible in less competitive months or for longer leases.

What utilities are typically included in my rent?

Heat and water are sometimes included, but electricity, gas, and internet are usually extra.

Ready to Find the Ideal Rental in Hoboken?
Then the Jill Biggs Group is ready to help! With 69 agents, 20 years of local expertise, and $2.5 billion worth of closed deals, we have the skills and the network to help you find a suitable rental property. These 200+ Jill Biggs Group Reviews are proof of our prowess.

Feel free to reach out for any assistance you need!