Average Rent in Palisades Park, NJ

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Current Versus Historical Palisades Park, NJ Rents

Palisades Park 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 $810 (22.56%) year-over-year from $3,590 to $4,400. 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 9.77% 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 $4,400 $3,590 (22.56%) $3,192 (37.86%)
4+ BR N/A $5,500 $4,725 (16.40%) $3,260 (68.71%)

Historical Rents in Palisades Park, NJ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Palisades Park

There are a total of 2 cities nearby Palisades Park. The average rent in Palisades Park is currently $3,400 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 Palisades Park, NJ is Edgewater, NJ. Monthly rents here are on average $3,800 per month.

Let's compare Palisades Park, NJ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Palisades Park, NJ is inf% more affordable than other cities nearby. One bedrooms are about 36.99% more affordable. Two bedrooms in Palisades Park, NJ are about 32.71% more affordable. Finally, rent for three bedrooms are about 32.43% more affordable. Want more information? Check out the top 2 cities near Palisades Park, NJ in the following chart.
City Studio 1 Bed 2 Bed All
Fort Lee, NJ $1,550 $2,450 $3,350 $3,000
Edgewater, NJ $2,175 $2,550 $3,750 $3,800

Top Neighborhoods Near Palisades Park

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

The average rent for these 1 neighborhoods in or near Palisades Park, NJ is currently around $3,400 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Palisades Park, West Harlem has the most affordable average rent at $3,400 per month. Whereas, at $3,400 average rent per month, West Harlem is the most expensive neighborhood in or near Palisades Park. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
West Harlem, New York, NY $2,650 $2,895 $3,068 $3,400

Top Counties Near Palisades Park

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

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

Top Zipcodes Near Palisades Park

There are a total of 2 zipcodes in or near Palisades Park, NJ. The average rent for all of these zipcodes is $3,150. 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 $3,000 per month. In comparison, the zipcode with the most expensive average rent of $3,300 per month is 07010, Cliffside Park, NJ.

Studios in these zipcodes have an average rent of $775. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Palisades Park, NJ is $2,175 per month. Meanwhile, two bedroom apartments will cost you an average of $3,348 per month. The following chart includes the top 2 zipcodes in 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 $1,550 $2,200 $3,350 $3,000
07010, Cliffside Park, NJ N/A $2,150 $3,345 $3,300

Frequently Asked Questions - Palisades Park Average Rents

What is the average rent price in Palisades Park, NJ?
The average monthly rental price for 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 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 Palisades Park, NJ.
How much is a studio apartment in 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 Palisades Park.
How much is a one bedroom apartment in 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 Palisades Park.
How much is a two bedroom apartment in 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 Palisades Park.
How have rent prices in Palisades Park, NJ changed this year?
Rent prices for rentals in 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 0.23% year-over-year.
What is a reasonable rent price in Palisades Park, NJ?
A reasonable rent price in Palisades Park, NJ is around $2,800/month. You can search for these reasonably priced rental listings on RentHop.
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