Renting Homes in New Jersey – A Better Option for Commuters
Renting homes in New Jersey has become a better option for a lot of people commuting to New York City and nearby cities because of the declining rents, the rising number of rental options and the increasing number of amenities offered to renters in New Jersey, especially in the northern parts of the state.
In new apartment buildings in New Jersey, such as the Alexan, a renter can have a one-bedroom unit for just $1,500, with one month of free rent for a 14-month rental contract.
In another rental building, a two-bedroom unit with two bathrooms can be rented for $1,400 a month. The rent includes access to free garage parking, a resort-size pool, a fitness center, game room, a media lounge, a business center and a clubhouse.
Although the commute from some New Jersey areas to Manhattan takes 45 minutes through a shuttle bus and the PATH train, the trade-offs including amenities, comfort and savings are worth it, according to many renters.
Jacqueline Urgo, head of Marketing Directors that lease several New Jersey rental buildings, said that renters nowadays are looking at options available to them and examining values they can get, including opportunities or savings from renting homes instead of buying.
At the Skyline Ridge rental building in Springfield, most apartment units have been leased. The complex offers views of the Manhattan skyline, access to train stations and highways and relatively low consumer prices.
At the 140 Mayhill apartment building, rents are about 50 percent of rates for similar units in Manhattan and about 30 percent below rents of similar units in Hoboken. According to Jonathan Moore of Value Companies which developed Mayhill, his firm is offering one month of free rent for a 14-month rental agreement.
Moore said that his firm started phasing out some of the amenities after more and more renters applied for units. Current renters recommended the building because of its access to the train station, bus stop and major highways.
Among all the amenities offered, free parking is one of the most appreciated by renters who said they were paying a monthly fee of $400 for parking space in their previous rentals. They also appreciate small perks like door-to-door trash collection.
Renting homes has become a better option for many, not only in New Jersey, but also in other parts of the country where rents have sharply dropped and where landlords offer incentives to renters.
