Average Rent in 07650, Palisades Park, NJ

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Current Versus Historical 07650, Palisades Park, NJ Rents

07650 rentals average $0 for a studio rental to $5,500 for a 4-bedroom rental. The median price of all currently available listings is $3,500, or roughly $0 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $154 (10.12%) year-over-year from $1,521 to $1,675. 1-bedroom rentals prices have increased by $183 (11.00%) year-over-year from $1,667 to $1,850. 2-bedroom rentals prices have increased by $17 (0.67%) year-over-year from $2,483 to $2,500. 3-bedroom rentals prices have increased by $708 (19.72%) year-over-year from $3,592 to $4,300. 4-bedroom rentals prices have increased by $775 (16.40%) year-over-year from $4,725 to $5,500. 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 up by 11.32% this month. 1-bedroom rents have gone down by 4.71% this month. 2-bedroom rents have gone down by 7.98% this month. 3-bedroom rents have gone up by 8.18% this month. 4-bedroom rents have gone up by 17.44% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
1 BR N/A $1,850 $1,667 (11.00%) $1,506 (22.86%)
2 BR N/A $2,500 $2,483 (0.67%) $2,404 (4.00%)
3 BR N/A $4,300 $3,592 (19.72%) $3,192 (34.73%)
4+ BR N/A $5,500 $4,725 (16.40%) $3,260 (68.71%)

Historical Rents in 07650, Palisades Park, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 07650

There are a total of 2 cities nearby 07650. The average rent in 07650 is currently $3,224 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Fort Lee, NJ, with an average rent of $3,098, is the most affordable city nearby. In contrast, the most expensive city near 07650, Palisades Park, NJ is Cliffside Park, NJ. Monthly rents here are on average $3,350 per month.

Let's compare 07650, Palisades Park, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 07650, Palisades Park, NJ is inf% more affordable than other cities nearby. One bedrooms are about 26.03% more affordable. Two bedrooms in 07650, Palisades Park, NJ are about 27.06% more affordable. Finally, rent for three bedrooms are about 11.18% more affordable. Want more information? Check out the top 2 cities near 07650, Palisades Park, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Fort Lee, NJ $1,475 $2,450 $3,450 $3,098
Cliffside Park, NJ N/A $2,150 $3,348 $3,350

Top Neighborhoods Near 07650

There are a total of 1 neighborhoods in or near 07650. We've included all of these top 1 neighborhoods in or near 07650, Palisades Park, NJ in the following chart.

The average rent for these 1 neighborhoods in or near 07650, Palisades Park, NJ is currently around $3,425 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near 07650, West Harlem has the most affordable average rent at $3,425 per month. Whereas, at $3,425 average rent per month, West Harlem is the most expensive neighborhood in or near 07650. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
West Harlem, New York, NY $2,650 $2,895 $3,100 $3,425

Top Counties Near 07650

There are a total of 1 counties located by 07650, Palisades Park, NJ.

We've listed the top 0 counties in the chart below.
County Studio 1 Bed 2 Bed All

Top Zipcodes Near 07650

There are a total of 2 zipcodes in or near 07650, Palisades Park, NJ. The average rent for all of these zipcodes is $3,224. A total of 2 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 07024, Fort Lee, NJ at $3,100 per month. In comparison, the zipcode with the most expensive average rent of $3,348 per month is 07010, Cliffside Park, NJ.

Studios in these zipcodes have an average rent of $738. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 07650, Palisades Park, NJ is $2,175 per month. Meanwhile, two bedroom apartments will cost you an average of $3,399 per month. The following chart includes the top 2 zipcodes in 07650, Palisades Park, NJ. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
07024, Fort Lee, NJ $1,475 $2,200 $3,450 $3,100
07010, Cliffside Park, NJ N/A $2,150 $3,348 $3,348

Frequently Asked Questions - 07650 Average Rents

What is the average rent price in 07650, Palisades Park, NJ?
The average monthly rental price for 07650, Palisades Park, NJ apartments for rent is approximately $3,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do 07650, Palisades Park, 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 07650, Palisades Park, NJ.
How much is a studio apartment in 07650, Palisades Park, NJ?
The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in 07650.
How much is a one bedroom apartment in 07650, Palisades Park, NJ?
The average monthly rental price for one bedroom apartments is $1,825 and an average price per square feet of $0. There are a total of 8 one bedroom apartment listings currently available for rent in 07650.
How much is a two bedroom apartment in 07650, Palisades Park, NJ?
The average monthly rental price for two bedroom apartments is $2,675 and an average price per square feet of $0. There are a total of 10 two bedroom apartment listings currently available for rent in 07650.
How have rent prices in 07650, Palisades Park, NJ changed this year?
Rent prices for rentals in 07650, Palisades Park, NJ can fluctuate yearly. Specifically, studio rental prices have changed by 0.10%, one bedroom rental prices have changed by 0.11%, two bedroom rental prices have changed by 0.01%, and three bedroom rental prices have changed by 0.20% year-over-year.
What is a reasonable rent price in 07650, Palisades Park, NJ?
A reasonable rent price in 07650, Palisades Park, NJ is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.
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