North Jersey Most Competitive Rental Market in U.S. Says

Courtesy of the Bergen Record: North Jersey is the most competitive rental market in the nation at the start of 2023, according to a study released last week. 

RentCafe, in its recent Rental Competitivity Report, showed North Jersey, which includes Bergen, Essex, Hudson and Passaic counties, even outdoing Manhattan and Brooklyn in terms of how tough it is to find an apartment. 

“Aspiring homebuyers continue to rent in North Jersey while enjoying a relatively affordable cost of living for the tri-state area,” the study reads. “This allows renters to save for down payments until the housing market cools down enough that they can fulfill their dream of owning a home. Accordingly, North Jersey became the hottest renting spot in the country at the beginning of 2023.”

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