{"id":391294,"date":"2026-11-02T21:28:26","date_gmt":"2026-11-02T21:28:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/391294\/"},"modified":"2026-11-02T21:28:26","modified_gmt":"2026-11-02T21:28:26","slug":"north-jersey-rental-market-tougher-than-brooklyn-queens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/391294\/","title":{"rendered":"North Jersey rental market tougher than Brooklyn, Queens"},"content":{"rendered":"<p>New Yorkers hoping to escape the city\u2019s cutthroat rental market by crossing the Hudson River may be in for a rude awakening.<\/p>\n<p>North Jersey has emerged as a tougher place to land an apartment than either Brooklyn or Queens, according to a new <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/rental-competitiveness-index\/us-hottest-rental-markets\/\" target=\"_blank\" rel=\"noopener nofollow\">RentCafe rental competitiveness report<\/a>, as renters across the region battle for a limited pool of available homes.<\/p>\n<p>The Garden State swath ranked 18th among the nation\u2019s most competitive large rental markets, ahead of Queens at No. 22 and Brooklyn at No. 26, according to the report published in October.<\/p>\n<p>North Jersey now ranks as a tougher rental market than Brooklyn and Queens. Dario Bajurin \u2013 stock.adobe.com<\/p>\n<p>But North Jersey\u2019s edge isn\u2019t solely necessarily driven by more apartment hunters \u2014 it\u2019s that existing tenants simply aren\u2019t leaving.<\/p>\n<p>\u201cNorth Jersey\u2019s competitiveness is being driven less by a surge in apartment seekers than by how few existing renters are moving,\u201d Doug Ressler, manager of business intelligence at Yardi Matrix, told The Post.<\/p>\n<p>\u201cThat combination limits the number of apartments returning to the market, so even though the area has cooled modestly from last year, renters are still competing for a relatively small pool of available units,\u201d he added.<\/p>\n<p>Crossing the Hudson may not mean escaping fierce rental competition. NurPhoto via Getty Images<\/p>\n<p>In North Jersey, an average of 10 prospective tenants compete for every available apartment, while nearly 95% of rental units are already occupied. Roughly 71% of existing tenants renewed their leases, leaving fewer openings for newcomers.<\/p>\n<p>Queens, meanwhile, has become an increasingly difficult place to find a rental, climbing 10 spots nationally to No. 22.<\/p>\n<p>The borough now has an average of 11 renters vying for each vacant apartment, with occupancy reaching 95.2%. Available units are snapped up in an average of just 37 days, faster than in both North Jersey and Brooklyn.<\/p>\n<p>The average vacancy period in Queens fell from roughly 44 days in summer 2025 to just 37 days this year, helping lift the borough\u2019s competitiveness score by 2.6 points despite a slight decline in lease renewals.<\/p>\n<p>Queens climbed 10 spots nationally to No. 22, with 11 renters competing for each available apartment. Jin \u2013 stock.adobe.com<\/p>\n<p>The findings come as <a href=\"https:\/\/nypost.com\/2026\/10\/27\/real-estate\/buying-a-home-in-nyc-costs-nearly-7k-more-per-month-than-renting\/\" target=\"_blank\" rel=\"noopener nofollow\">New York City\u2019s median asking rent hit a record $3,785<\/a> in the third quarter, up 4.5% from a year earlier, with Manhattan, Brooklyn and Queens all posting annual increases.<\/p>\n<p>Brooklyn, by contrast, has seen some relief in the competition for available apartments.<\/p>\n<p>Once the seventh-most competitive large rental market in the country, the borough has slipped to 26th place, with an average of 10 renters competing for each available unit.<\/p>\n<p>Brooklyn moved in the opposite direction. Apartments took about three days longer to fill than a year earlier, occupancy declined from roughly 95.9% to 94.6%, and prospective renters per vacancy fell from about 13 to 10.<\/p>\n<p>New construction appears to be helping ease the pressure. Newly built apartments account for 1.13% of Brooklyn\u2019s rental inventory, compared with 0.91% in Queens and 0.84% in North Jersey.<\/p>\n<p>Brooklyn\u2019s rental competition has eased as apartments take longer to fill. auseklis \u2013 stock.adobe.com<\/p>\n<p>Brooklyn\u2019s occupancy rate also stands at 94.6%, slightly below its neighboring borough, while apartments take an average of 39 days to fill.<\/p>\n<p>Still, the borough\u2019s declining competitiveness ranking doesn\u2019t necessarily mean apartments are getting cheaper. Brooklyn <a href=\"https:\/\/nypost.com\/2026\/10\/08\/real-estate\/manhattan-rent-hits-record-6865-as-brooklyn-leasing-surges\/\" target=\"_blank\" rel=\"noopener nofollow\">recorded its busiest September leasing activity since 2020<\/a>, even as its median rent remained 5% higher than a year earlier and available listings fell 25%.<\/p>\n<p>The numbers suggest that renters looking beyond New York City\u2019s five boroughs won\u2019t necessarily find an easier market.<\/p>\n<p>High occupancy and lease renewals are keeping North Jersey\u2019s rental market tight. Getty Images<\/p>\n<p>More than 70% of North Jersey renters renewed their leases, limiting available apartments. Corbis via Getty Images<\/p>\n<p>North Jersey\u2019s rental competitiveness score of 78 out of 100 narrowly exceeds Queens\u2019 77.3 and Brooklyn\u2019s 76.4, underscoring how tight the market remains throughout the region.<\/p>\n<p>Still, renters may find more space or better value across the Hudson, even if the apartment hunt itself isn\u2019t necessarily easier.<\/p>\n<p>\u201cCrossing the Hudson River may still provide a cost or space advantage, but it no longer guarantees an easier search,\u201d Ressler said.<\/p>\n","protected":false},"excerpt":{"rendered":"New Yorkers hoping to escape the city\u2019s cutthroat rental market by crossing the Hudson River may be in&hellip;\n","protected":false},"author":2,"featured_media":391295,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1586,433,98,3376,75,1066,9,24,55,54,56,122,1491,4753],"class_list":["post-391294","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-affordability","tag-affordable-housing","tag-brooklyn","tag-hudson-river","tag-manhattan","tag-new-jersey","tag-new-york","tag-new-york-city","tag-new-york-city-headlines","tag-new-york-city-news","tag-ny","tag-queens","tag-real-estate","tag-rentals"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/391294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=391294"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/391294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/391295"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=391294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=391294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=391294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}