At $3,320/mo, rent takes about 42% of the local median household income, well above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,320 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
30% of the median household income ($94,743) is $2,369 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,320); a 3-bedroom is $2,860.
From Zillow's monthly rent index (ZORI) for Palisades Park. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Palisades Park, NJ is majority renter-occupied, has a median income above the national average, 51% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Palisades Park, NJ has changed in 5 years
Household income in the area moved from $76,297 to $94,743 across the same window, up 24.2% versus 2021. Renters now make up 64.5% of households, compared with 62.7% five years ago.
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At $3,320/mo, how Palisades Park rent compares to typical pay (30% rule).
Palisades Park rent by bedroom count
Median rent for each apartment size in Palisades Park. Click any size for full breakdown.
Tips for renters in Palisades Park
Last updated: October 17, 2026
The median rent in Palisades Park is $3,320/mo as of October 2026. A studio apartment averages $1,740/mo while a 2-bedroom runs $2,320/mo. One-bedroom apartments average $2,020/mo and 3-bedroom units go for $2,860/mo.
At 42% of local median household income ($94,743/yr), Palisades Park ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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Is rent going up or down in Palisades Park?
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Which nearby cities are cheaper to rent in than Palisades Park?
At $3,320/mo, rent takes ~42% of Palisades Park's median household income ($94,743/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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