Average Rent in 07024, Fort Lee, NJ

Current Versus Historical 07024, Fort Lee, NJ Rents

07024 rentals average $1,450 for a studio rental to $8,150 for a 4-bedroom rental. The median price of all currently available listings is $3,000, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $459 (-24.70%) year-over-year from $1,859 to $1,400. 1-bedroom rentals prices have decreased by $147 (-5.99%) year-over-year from $2,447 to $2,300. 2-bedroom rentals prices have decreased by $196 (-6.13%) year-over-year from $3,196 to $3,000. 3-bedroom rentals prices have decreased by $233 (-4.50%) year-over-year from $5,183 to $4,950. 4-bedroom rentals prices have increased by $3,158 (59.13%) year-over-year from $5,342 to $8,500. 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 down by 5.62% this month. 1-bedroom rents have gone down by 8.00% this month. 2-bedroom rents have gone down by 2.09% this month. 3-bedroom rents have gone up by 10.04% this month. 4-bedroom rents have gone up by 43.26% this month.

Beds	Price / Sqft	May 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	N/A	$1,400	$1,859 (-24.70%)	$1,317 (6.33%)
1 BR	N/A	$2,300	$2,447 (-5.99%)	$2,445 (-5.93%)
2 BR	N/A	$3,000	$3,196 (-6.13%)	$3,275 (-8.39%)
3 BR	$2.02	$4,950	$5,183 (-4.50%)	$4,813 (2.85%)
4+ BR	$2.12	$8,500	$5,342 (59.13%)	$4,358 (95.03%)

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 3 cities nearby 07024. The average rent in 07024 is currently $3,200 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 $2,950, is the most affordable city nearby. In contrast, the most expensive city near 07024, Fort Lee, NJ is Palisades Park, NJ. Monthly rents here are on average $3,600 per month.

Let's compare 07024, Fort Lee, NJ's rent against other top cities nearby by bedroom size. One bedrooms are about 4.55% more expensive. 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 3 cities near 07024, Fort Lee, NJ in the following chart.

City	Studio	1 Bed	2 Bed	All
Fort Lee, NJ	$1,450	$2,250	$3,100	$2,950
Cliffside Park, NJ	N/A	$2,100	$3,363	$3,200
Palisades Park, NJ	N/A	$1,950	$2,750	$3,600

Top Neighborhoods Near 07024

There are a total of 6 neighborhoods in or near 07024. Some of these neighborhoods include Washington Heights, Central Harlem, and Mott Haven. 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 $3,350 per month. Meaning, only six neighborhoods have a higher average rent than $3,350. Interestingly, the neighborhoods' average rent is higher than 07024's average rent, which is only $3,000. Out of all the neighborhoods in or near 07024, Washington Heights has the most affordable average rent at $3,149 per month. Whereas, at $3,500 average rent per month, East Harlem is the most expensive neighborhood in or near 07024. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Washington Heights, New York, NY	$2,000	$2,200	$2,990	$3,149
Central Harlem, New York, NY	$2,273	$2,950	$3,498	$3,300
Mott Haven, New York, NY	$2,984	$3,154	$3,663	$3,301
West Harlem, New York, NY	$2,595	$2,800	$3,396	$3,400
Harlem, New York, NY	$2,595	$2,950	$3,300	$3,420
East Harlem, New York, NY	$2,713	$3,000	$3,195	$3,500

Top Counties Near 07024

There are a total of 6 counties located by 07024, Fort Lee, NJ. Some of these counties include North Bergen, NJ, Fort Lee, NJ, and Cliffside Park, NJ. The average rent for rentals in these counties is $3,075. 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 $2,800. Vice versa, with an average rent of $3,600, Palisades Park, NJ is the most expensive county by 07024, Fort Lee, NJ.

Typically, rent for studios in 07024, Fort Lee, NJ is 50.00% more expensive than other counties nearby. In comparison, rent for one bedroom listings in 07024, Fort Lee, NJ is 4.55% more expensive than other counties nearby. Finally, rent for two bedrooms in 07024, Fort Lee, NJ is 3.63% more expensive than other counties nearby. We've listed the top 4 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
North Bergen, NJ	$2,149	$2,100	$2,875	$2,800
Fort Lee, NJ	$1,450	$2,250	$3,100	$2,950
Cliffside Park, NJ	N/A	$2,100	$3,363	$3,200
Palisades Park, NJ	N/A	$1,950	$2,750	$3,600

Top Zipcodes Near 07024

There are a total of 9 zipcodes in or near 07024, Fort Lee, NJ. The average rent for all of these zipcodes is $3,500.

The following chart includes the top 9 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	$3,200	$4,100	$5,495	$4,742
10024, New York, NY	$2,942	$4,594	$7,300	$4,750
10027, New York, NY	$2,633	$2,700	$3,648	$3,485
10031, New York, NY	$2,595	$2,773	$3,018	$3,317
10032, New York, NY	$2,495	$2,400	$2,900	$3,500
10029, New York, NY	$2,863	$3,000	$3,195	$3,400
07010, Cliffside Park, NJ	N/A	$2,100	$3,375	$3,100
10035, New York, NY	$2,356	$2,400	$3,895	$3,746
07650, Palisades Park, NJ	N/A	$1,950	$2,750	$3,600

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 $3,000. 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 $1,450 and an average price per square feet of $0. There are a total of 8 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 $2,200 and an average price per square feet of $0. There are a total of 29 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 $3,100 and an average price per square feet of $0. There are a total of 32 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 -0.25%, one bedroom rental prices have changed by -0.06%, two bedroom rental prices have changed by -0.06%, and three bedroom rental prices have changed by -0.05% 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 $2,400/month. You can search for these reasonably priced rental listings on RentHop.