Fort Lee, New Jersey Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Fort Lee, New Jersey rental market.
Fort Lee, New Jersey
Average Apartment Rent
$2,972
Y-o-Y Change in Average
Apartment Rent
3.7%
As of May 2026
Compared to a year ago, Fort Lee, New Jersey apartments have recorded a 3.7% rent increase.
Fort Lee, New Jersey Average apartment rent trend
Fort Lee, New Jersey Average Apartment Rent
Fort Lee, New Jersey Apartment rent ranges
At 40.06%, apartments priced Over $3,000 represent the bulk of Fort Lee, New Jersey rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 2.13%.
Fort Lee, New Jersey Housing tenure**
Renters take up 42% of Fort Lee, New Jersey real estate, occupying a total of 7,618 units, while homeowners live in 10,694 properties.
Median number of rooms of renter-occupied housing units**
3.4
Renter median household income**
$84,579
Average household size of renter-occupied housing units**
2.28
Rental vacancy rate**
6.4%
Fort Lee, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 2,875 rentals in Fort Lee, New Jersey with 1 bed making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 43 units. Overall, the median number of rooms in Fort Lee, New Jersey homes for rent is 3.4.
Fort Lee, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Fort Lee, New Jersey are occupied by residents in the 35 - 44 years age group (23%), followed by those in the 45 - 54 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
Fort Lee, New Jersey Renter-occupied housing units by family type**
Fort Lee, New Jersey Renter-occupied housing units by the presence of own children**
A total of 4,366 apartments for rent in Fort Lee, New Jersey, or 57% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 2,182 units. All in all, the median size of a renter-occupied household in Fort Lee, New Jersey is 2.28.
Fort Lee, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 63% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Fort Lee, New Jersey.
Fort Lee, New Jersey Renter-occupied units by year structure built**
The highest share of Fort Lee, New Jersey apartment rentals, namely 17% or 1,299 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (15%, 1,149 units), and the ones Built 1970 - 1979 (15%, 1,147 units).
Fort Lee, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Fort Lee, New Jersey renters (37%) moved in 2010 to 2017, while only 5% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Fort Lee, New Jersey condos for rent is 2016.
Fort Lee, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of Fort Lee, New Jersey renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 19% have No vehicle available.
Fort Lee, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Fort Lee, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Fort Lee, New Jersey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
