Average Rent in 07024, Fort Lee, NJ

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Current Versus Historical 07024, Fort Lee, NJ Rents

07024 rentals average $1,550 for a studio rental to $8,150 for a 4-bedroom rental. The median price of all currently available listings is $3,048, or roughly $2 per square feet.
For the apartment units and housing in May 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $309 (-16.63%) year-over-year from $1,859 to $1,550. 1-bedroom rentals prices have decreased by $247 (-10.08%) year-over-year from $2,447 to $2,200. 2-bedroom rentals prices have decreased by $46 (-1.43%) year-over-year from $3,196 to $3,150. 3-bedroom rentals prices have decreased by $983 (-18.97%) year-over-year from $5,183 to $4,200. 4-bedroom rentals prices have increased by $2,808 (52.57%) year-over-year from $5,342 to $8,150. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.09% this month. 1-bedroom rents have gone down by 10.81% this month. 2-bedroom rents have gone up by 1.15% this month. 3-bedroom rents have gone down by 1.14% this month. 4-bedroom rents have gone up by 40.11% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio N/A $1,550 $1,859 (-16.63%) $1,317 (17.72%)
1 BR N/A $2,200 $2,447 (-10.08%) $2,445 (-10.02%)
2 BR N/A $3,150 $3,196 (-1.43%) $3,275 (-3.81%)
3 BR N/A $4,200 $5,183 (-18.97%) $4,813 (-12.74%)
4+ BR $2.12 $8,150 $5,342 (52.57%) $4,358 (87.00%)

Historical Rents in 07024, Fort Lee, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 07024

There are a total of 1 cities nearby 07024. The average rent in 07024 is currently $3,000 per month. Only one city nearby has an average rent lower than that. Our records show that Fort Lee, NJ, with an average rent of $3,000, is the most affordable city nearby. In contrast, the most expensive city near 07024, Fort Lee, NJ is Fort Lee, NJ. Monthly rents here are on average $3,000 per month.

Let's compare 07024, Fort Lee, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07024, Fort Lee, NJ is on par with the other cities nearby. One bedrooms are about 3.03% more affordable. Two bedrooms in 07024, Fort Lee, NJ are on par with the other cities nearby. Finally, rent for three bedrooms are on par with the other cities nearby. Want more information? Check out the top 1 cities near 07024, Fort Lee, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Fort Lee, NJ $1,550 $2,550 $3,300 $3,000

Top Neighborhoods Near 07024

There are a total of 6 neighborhoods in or near 07024. Some of these neighborhoods include Mott Haven, Central Harlem, and East Harlem. We've included all of these top 6 neighborhoods in or near 07024, Fort Lee, NJ in the following chart.

The average rent for these 6 neighborhoods in or near 07024, Fort Lee, NJ is currently around $3,393 per month. Meaning, only six neighborhoods have a higher average rent than $3,393. Interestingly, the neighborhoods' average rent is higher than 07024's average rent, which is only $3,048. Out of all the neighborhoods in or near 07024, Mott Haven has the most affordable average rent at $3,133 per month. Whereas, at $3,499 average rent per month, West Harlem is the most expensive neighborhood in or near 07024. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Mott Haven, New York, NY $2,655 $3,105 $3,694 $3,133
Central Harlem, New York, NY $2,340 $2,950 $3,500 $3,300
East Harlem, New York, NY $3,200 $3,000 $3,195 $3,390
Washington Heights, New York, NY $2,500 $2,600 $3,149 $3,395
Harlem, New York, NY $2,650 $3,000 $3,200 $3,413
West Harlem, New York, NY $2,650 $2,898 $3,100 $3,499

Top Counties Near 07024

There are a total of 6 counties located by 07024, Fort Lee, NJ. The average rent for rentals in these counties is $2,925. That's roughly around $2 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is North Bergen, NJ. It's average rent per month is $2,850. Vice versa, with an average rent of $3,000, Fort Lee, NJ is the most expensive county by 07024, Fort Lee, NJ.

Typically, rent for studios in 07024, Fort Lee, NJ is 24.19% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 07024, Fort Lee, NJ is 6.06% more expensive than other counties nearby. Finally, rent for two bedrooms in 07024, Fort Lee, NJ is 7.58% more expensive than other counties nearby. We've listed the top 2 counties in the chart below.
County Studio 1 Bed 2 Bed All
North Bergen, NJ $2,300 $2,100 $2,800 $2,850
Fort Lee, NJ $1,550 $2,550 $3,300 $3,000

Top Zipcodes Near 07024

There are a total of 7 zipcodes in or near 07024, Fort Lee, NJ. The average rent for all of these zipcodes is $3,448.

The following chart includes the top 7 zipcodes in 07024, Fort Lee, NJ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
10025, New York, NY $3,600 $3,995 $5,500 $4,698
10024, New York, NY $3,205 $4,360 $6,995 $4,650
10027, New York, NY $2,430 $2,800 $3,125 $3,195
10031, New York, NY $2,650 $2,895 $3,000 $3,348
10032, New York, NY $3,000 $2,077 $2,950 $3,675
10029, New York, NY $3,225 $2,995 $3,195 $3,448
10451, New York, NY $2,750 $3,100 $3,550 $3,110

Frequently Asked Questions - 07024 Average Rents

What is the average rent price in 07024, Fort Lee, NJ?
The average monthly rental price for 07024, Fort Lee, NJ apartments for rent is approximately $3,048. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 07024, Fort Lee, NJ rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 07024, Fort Lee, NJ.
How much is a studio apartment in 07024, Fort Lee, NJ?
The average monthly rental price for studio apartments is $1,550 and an average price per square feet of $0. There are a total of 9 studio apartment listings currently available for rent in 07024.
How much is a one bedroom apartment in 07024, Fort Lee, NJ?
The average monthly rental price for one bedroom apartments is $2,475 and an average price per square feet of $0. There are a total of 28 one bedroom apartment listings currently available for rent in 07024.
How much is a two bedroom apartment in 07024, Fort Lee, NJ?
The average monthly rental price for two bedroom apartments is $3,300 and an average price per square feet of $0. There are a total of 47 two bedroom apartment listings currently available for rent in 07024.
How have rent prices in 07024, Fort Lee, NJ changed this year?
Rent prices for rentals in 07024, Fort Lee, NJ can fluctuate yearly. Specifically, studio rental prices have changed by -0.17%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by -0.19% year-over-year.
What is a reasonable rent price in 07024, Fort Lee, NJ?
A reasonable rent price in 07024, Fort Lee, NJ is around $2,438/month. You can search for these reasonably priced rental listings on RentHop.
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