Palisades Park, NJ Rental Market Trends
Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Palisades Park is $2,008, a 0.2% decrease compared to the previous year, when the average rent was $2,013.
One-bedroom apartments provide 767 square feet for $2,044, balancing privacy and affordability.
Two-beedroom units at $1,984 offer 914 square feet, perfect for roommates or small families.
Average rent in Palisades Park, NJ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,008 | 778 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $2,044 | 767 sq. ft. |
| 2 Beds | $1,984 | 914 sq. ft. |
| 3 Beds | n/a | n/a |
Palisades Park, NJ rent trends
Rental prices in Palisades Park, NJ have decreased by 0.2% over the past year. The average rent moved from $2,013 to $2,008.
What's the typical rent budget in Palisades Park, NJ?
The largest share of rentals in Palisades Park, NJ (56%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Palisades Park, NJ?
4,577 or 63% of the households in Palisades Park, NJ are renter-occupied while 2,706 or 37% are owner-occupied.
How Palisades Park Compares to Other Cities
| City | Average Rent |
|---|---|
| Palisades Park | $2,008 |
| Jersey City | $3,768 |
| Jersey Shore | $2,153 |
| Newark | $1,706 |
| Bayonne | $2,585 |
| East Orange | $1,849 |
| Elizabeth | $1,854 |
| Hoboken | $4,560 |
| Summit | $2,862 |
| Long Branch | $2,563 |
| Paterson | $1,705 |
| Fairview | $2,779 |
| Maywood | $2,234 |
| New York City | $5,227 |
| Fort Lee | $2,990 |
| Edgewater | $3,696 |
| Elmwood Park | $2,441 |
| East Rutherford | $2,734 |
| Hasbrouck Heights | $1,784 |
| Lodi | $2,006 |
| Dumont | $2,364 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Palisades Park apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.