RentDataNowRentDataNow
City Report · NJ

Palisades Park

Pop. 20,290·71st most expensive in New Jersey·Rents have been falling, good time to negotiate
Median rent (all units)
$2,743/mo
Year-over-Year
Stable
Month-over-Month
-6.5%
vs US Median
+$778
Falling (Monthly)
Be the first to discuss Palisades Park rents ↓
Most AffordableMost Expensive
Palisades Park · $2,743
More expensive than 86% of US cities · National median $1,965/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $2,743/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.

Income to afford
$110,000/yr
Local median income
$94,743/yr
Based on the 30%-of-income rule using Palisades Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,740
1 BR
$2,020
2 BR
$2,320
3 BR
$2,860
4 BR+
$3,610
Research median
$2,320/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$32,916/yr
At $2,743/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.5% MoM), not inventory.
Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population
20,290
Median income
$94,743
Median age
42.9
Renters
64.5%
Age distribution
14.6%
25%
26.2%
15.5%
18.6%
Under 1814.6%
18–3425%
35–5426.2%
55–6415.5%
65+18.6%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
22.5%
22.3%
54.6%
White22.5%
Black2.6%
Hispanic22.3%
Asian54.6%
Education (25+)
19.7%
17.5%
51%
No HS diploma11.8%
HS diploma19.7%
Some college17.5%
Bachelor's+51%
Housing tenure
35.5%
64.5%
Owner35.5%
Renter64.5%

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

2021 vs 2026

How Palisades Park, NJ has changed in 5 years

Income
$76,297 → $94,743
up 24.2%
Population
20,291 → 20,290
up 0.0%
Renter share
62.7% → 64.5%
+1.8 pts
Bachelor's+
50.4% → 51%
+0.6 pts
Median age
40.9 → 42.9
+2.0 yrs

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.

Community

Discussions about Palisades Park

No discussions yet. Start the conversation.

View Palisades Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Palisades Park on your salary?

At $2,743/mo, how Palisades Park rent compares to typical pay (30% rule).

By apartment size

Palisades Park rent by bedroom count

Median rent for each apartment size in Palisades Park. Click any size for full breakdown.

Local insights

Tips for renters in Palisades Park

About renting in Palisades Park, NJ

Last updated: July 20, 2026

The median rent in Palisades Park is $2,743/mo as of July 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 35% 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.

FAQ

Frequently asked questions

Is Palisades Park an affordable city for renters?

Palisades Park is considered moderate for renters. At $2,743/mo, rent takes approximately 35% of the local median household income ($94,743/yr). The standard benchmark is 30%. Palisades Park slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Palisades Park?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (~$53/hour full-time) to afford the median rent of $2,743/mo in Palisades Park. The local median household income is $94,743/yr, meaning the typical Palisades Park household falls short of that threshold.

Is rent going up or down in Palisades Park?

Rent in Palisades Park has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Palisades Park rent compare to other cities in New Jersey?

Palisades Park is middle-of-the-pack for New Jersey for rent, ranking #71 out of 180 tracked cities at $2,743/mo.

Which nearby cities are cheaper to rent in than Palisades Park?

Several nearby cities have lower median rents than Palisades Park ($2,743/mo): Ridgefield Park ($2,109/mo), Fairview ($2,333/mo), Leonia ($2,550/mo).

What percentage of Palisades Park residents rent vs. own?

According to Census data, approximately 64.5% of Palisades Park households are renters, while 35.5% are owner-occupied. With a majority renter population, Palisades Park has a strong rental market.

How does Palisades Park rent compare to the national average?

Palisades Park's median rent of $2,743/mo is $778 (40%) above the US national median of $1,965/mo. Within New Jersey, it ranks #71 out of 180 tracked cities.
Income Affordability
35%
MODERATE

At $2,743/mo, rent takes ~35% of Palisades Park's median household income ($94,743/yr). The standard benchmark is 30%.

Palisades Park 35%Benchmark 30%
State income tax1.4–10.75%
Run the Palisades Park affordability calculator →
Lowest-rent ZIP codes in Palisades Park
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Palisades Park, NJ

Recent submissions

Be the first to submit your rent for Palisades Park.

Recent discussions

No discussions yet.