City Report · NJ

Fort Lee

Pop. 40,067·15th most expensive in New Jersey·Fort Lee rents are up 18.7% over the past year
Median rent (all units)
$3,565/mo
Year-over-Year
+18.7%
Month-over-Month
Stable
vs US Median
+$1,600
Stable (Monthly)
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Most AffordableMost Expensive
Fort Lee · $3,565
More expensive than 96% of US cities · National median $1,965/mo
Rent Reality Score
40/100
Fairly priced
OverheatedFairGreat value

Rents are 5% above what Fort Lee's 10-year trend predicts — running hotter than its own history.

Actual rent
$3,565/mo
Expected by trend
$3,402/mo
The Rent Reality Score compares today's median rent to where Fort Lee's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,120
1 BR
$2,460
2 BR
$2,820
3 BR
$3,470
4 BR+
$4,390
Research median
$2,820/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$42,780/yr
At $3,565/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 18.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+18.7% YoY, +0.0% MoM), not inventory.
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Demographics

Who lives here

Fort Lee, NJ is majority owner-occupied, has a large retiree population, has a median income above the national average, 65.8% of residents hold a bachelor's degree or higher.

Population
40,067
Median income
$107,274
Median age
46.6
Renters
44.6%
Age distribution
17.2%
15.7%
29.2%
12.9%
25.1%
Under 1817.2%
18–3415.7%
35–5429.2%
55–6412.9%
65+25.1%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
38.8%
13.5%
43.6%
White38.8%
Black2.6%
Hispanic13.5%
Asian43.6%
Other1.5%
Education (25+)
14.2%
14.3%
65.8%
No HS diploma5.6%
HS diploma14.2%
Some college14.3%
Bachelor's+65.8%
Housing tenure
55.4%
44.6%
Owner55.4%
Renter44.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Fort Lee, NJ has changed in 5 years

Rent
$2,661 → $3,565
up 34.0%
Income
$92,456 → $107,274
up 16.0%
Population
39,701 → 40,067
up 0.9%
Renter share
42% → 44.6%
+2.6 pts
Bachelor's+
60.3% → 65.8%
+5.5 pts

Rent in Fort Lee, NJ has climbed 34.0% since 2021, going from about $2,661 per month to roughly $3,565 today. On the earnings side, the typical household in Fort Lee, NJ now reports about $107,274, up from $92,456 in 2021. Rent outpaced income growth by roughly 18.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 44.6% of households rent today, against 42% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.3% to 65.8%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Fort Lee, NJ reflects that arc in its own way.

Community

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View Fort Lee rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fort Lee on your salary?

At $3,565/mo, how Fort Lee rent compares to typical pay (30% rule).

By apartment size

Fort Lee rent by bedroom count

Median rent for each apartment size in Fort Lee. Click any size for full breakdown.

Local insights

Tips for renters in Fort Lee

About renting in Fort Lee, NJ

Last updated: July 20, 2026

The median rent in Fort Lee is $3,565/mo as of July 2026. A studio apartment averages $2,120/mo while a 2-bedroom runs $2,820/mo. One-bedroom apartments average $2,460/mo and 3-bedroom units go for $3,470/mo.

At 40% of local median household income ($107,274/yr), Fort Lee ranks as moderate compared to the national benchmark of 30%. Rents have increased 18.7% over the past year.

FAQ

Frequently asked questions

Is Fort Lee an affordable city for renters?

Fort Lee is considered moderate for renters. At $3,565/mo, rent takes approximately 40% of the local median household income ($107,274/yr). The standard benchmark is 30%. Fort Lee slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Fort Lee?

To keep rent at or below 30% of gross income, you would need to earn at least $143,000/year (~$69/hour full-time) to afford the median rent of $3,565/mo in Fort Lee. The local median household income is $107,274/yr, meaning the typical Fort Lee household falls short of that threshold.

Is rent going up or down in Fort Lee?

Rent in Fort Lee has increased 18.7% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Fort Lee rent compare to other cities in New Jersey?

Fort Lee is one of the pricier cities in New Jersey for rent, ranking #15 out of 180 tracked cities at $3,565/mo.

Which nearby cities are cheaper to rent in than Fort Lee?

Several nearby cities have lower median rents than Fort Lee ($3,565/mo): Leonia ($2,550/mo), Cliffside Park ($2,689/mo), Palisades Park ($2,743/mo).

What percentage of Fort Lee residents rent vs. own?

According to Census data, approximately 44.6% of Fort Lee households are renters, while 55.4% are owner-occupied. Fort Lee leans toward homeownership, which can mean a smaller rental inventory.

How does Fort Lee rent compare to the national average?

Fort Lee's median rent of $3,565/mo is $1,600 (81%) above the US national median of $1,965/mo. Within New Jersey, it ranks #15 out of 180 tracked cities.
Income Affordability
40%
MODERATE

At $3,565/mo, rent takes ~40% of Fort Lee's median household income ($107,274/yr). The standard benchmark is 30%.

Fort Lee 40%Benchmark 30%
State income tax1.4–10.75%
Run the Fort Lee affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Fort Lee, NJ

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