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City Report · NJ

Park Ridge

Pop. 9,406·29th most expensive in New Jersey·One of the pricier rental markets in the US
Median rent (all units)
$3,213/mo
Year-over-Year
Stable
Month-over-Month
-4.9%
vs US Median
+$1,248
Falling (Monthly)
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Most AffordableMost Expensive
Park Ridge · $3,213
More expensive than 93% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $3,213/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$129,000/yr
Local median income
$171,029/yr
Based on the 30%-of-income rule using Park Ridge's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,720
1 BR
$2,000
2 BR
$2,290
3 BR
$2,820
4 BR+
$3,560
Research median
$2,290/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
$38,556/yr
At $3,213/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, -4.9% MoM), not inventory.
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Demographics

Who lives here

Park Ridge, NJ is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.4% of residents hold a bachelor's degree or higher.

Population
9,406
Median income
$171,029
Median age
47
Renters
19%
Age distribution
20.1%
18.6%
25%
15.4%
21%
Under 1820.1%
18–3418.6%
35–5425%
55–6415.4%
65+21%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
79.8%
15.8%
White79.8%
Black1.5%
Hispanic15.8%
Asian3%
Education (25+)
19.9%
17.4%
57.4%
No HS diploma5.3%
HS diploma19.9%
Some college17.4%
Bachelor's+57.4%
Housing tenure
81%
19%
Owner81%
Renter19%

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

2021 vs 2026

How Park Ridge, NJ has changed in 5 years

Income
$168,269 → $171,029
up 1.6%
Population
8,987 → 9,406
up 4.7%
Renter share
14.8% → 19%
+4.2 pts
Bachelor's+
58.8% → 57.4%
-1.4 pts
Median age
47.7 → 47
-0.7 yrs

Median household income climbed from $168,269 to $171,029 between 2021 and 2024, a 1.6% shift. Census counts show Park Ridge, NJ adding about 419 residents over the five-year window, up 4.7% on net. The renter share has risen from 14.8% to 19%, with owner-occupied housing accounting for the remainder.

Community

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

Can you afford rent in Park Ridge on your salary?

At $3,213/mo, how Park Ridge rent compares to typical pay (30% rule).

By apartment size

Park Ridge rent by bedroom count

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

Local insights

Tips for renters in Park Ridge

About renting in Park Ridge, NJ

Last updated: July 20, 2026

The median rent in Park Ridge is $3,213/mo as of July 2026. A studio apartment averages $1,720/mo while a 2-bedroom runs $2,290/mo. One-bedroom apartments average $2,000/mo and 3-bedroom units go for $2,820/mo.

At 23% of local median household income ($171,029/yr), Park Ridge ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Park Ridge an affordable city for renters?

Park Ridge is considered very affordable for renters. At $3,213/mo, rent takes approximately 23% of the local median household income ($171,029/yr). The standard benchmark is 30%. Park Ridge falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $129,000/year (~$62/hour full-time) to afford the median rent of $3,213/mo in Park Ridge. The local median household income is $171,029/yr, meaning the typical Park Ridge household meets that threshold.

Is rent going up or down in Park Ridge?

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

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

Park Ridge is one of the pricier cities in New Jersey for rent, ranking #29 out of 180 tracked cities at $3,213/mo.

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

Several nearby cities have lower median rents than Park Ridge ($3,213/mo): Bergenfield ($2,987/mo), Nanuet ($3,103/mo), Westwood ($3,125/mo).

What percentage of Park Ridge residents rent vs. own?

According to Census data, approximately 19% of Park Ridge households are renters, while 81% are owner-occupied. Park Ridge leans toward homeownership, which can mean a smaller rental inventory.

How does Park Ridge rent compare to the national average?

Park Ridge's median rent of $3,213/mo is $1,248 (64%) above the US national median of $1,965/mo. Within New Jersey, it ranks #29 out of 180 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $3,213/mo, rent takes ~23% of Park Ridge's median household income ($171,029/yr). The standard benchmark is 30%.

Park Ridge 23%Benchmark 30%
State income tax1.4–10.75%
Run the Park Ridge affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Park Ridge, NJ

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