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Historic Downtown Jersey City has been named one of the most expensive neighborhoods in the country for renters by Apartments.com

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Historic Downtown Jersey City is among the nation's most expensive neighborhoods for renters, according to a recent online study.

Apartments.com ranked the popular neighborhood near the Jersey City waterfront No. 8 on its list of the 14 most expensive neighborhoods for renters in 2014.

The website put the rankings together using a variety of financial factors, including average cost of rent, household income, percentage of paycheck spent on rent each month and inflation. Neighborhoods where a high percentage of monthly household income was spent on rent were given the most weight.

With its brownstones, idyllic parks and close its proximity to Manhattan, renting a one-bedroom apartment in Historic Downtown Jersey City comes at a steep price -- $3,068 per month, according to Apartments.com.

Comprised of low-rise buildings, brownstones and parks, this neighborhood features many cultural attractions including the Jersey City Museum, the Hudson and Manhattan Railroad Powerhouse.

The average cost of a one-bedroom unit in Downtown Jersey City is more than three times the national average, which was $939 in August, according to CoStar, the commercial real estate industry's leading provider of information and analytics.

So what's the most expensive neighborhood in the country, according to the report?

Manhattan's Penn Plaza/Garment District took the top spot for 2014, with average monthly rental prices at around $4,400 one-bedroom apartments.

Apartments.com compiled the list using the average monthly cost of rent for a one-bedroom apartment in every neighborhood of the 20 urban areas with the highest cost of living.