Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Fort Lee, NJ Rental Market Trends
What is the average rent in Fort Lee?
The average rent for an apartment in Fort Lee is $2,571, a 1% decrease compared to the previous year, when the average rent was $2,591.
Average Rent in Fort Lee, NJ
Last updated September 2021
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $2,571 | -1% | 915 sq. ft. |
What is the average apartment size in Fort Lee?
The average size for a Fort Lee, NJ apartment is 915 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Fort Lee, NJ Apartment Rent Ranges
Fort Lee, NJ Occupied Housing Units
7,446 or 42% of the households in Fort Lee, NJ are renter-occupied while 10,033 or 57% are owner-occupied.
Fort Lee, NJ Rent Trends
| Average Rent | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Sep / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fort Lee, NJ | $2,568 | $2,485 | $2,520 | $2,591 | $2,590 | $2,564 | $2,591 | $2,532 | $2,537 | $2,571 |
| National | $1,347 | $1,356 | $1,361 | $1,393 | $1,400 | $1,402 | $1,393 | $1,397 | $1,485 | $1,510 |
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How Fort Lee Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| New York City | $3,609 | -5% |
| Manhattan | $4,072 | 3% |
| Jersey Shore | $1,655 | 9% |
| Jersey City | $2,842 | -2% |
| Brooklyn | $3,010 | 7% |
| Bronx | $1,622 | -4% |
| Hoboken | $3,374 | -4% |
| Newark | $1,299 | 7% |
| Stamford | $2,553 | 7% |
| East Orange | $1,434 | 6% |
| Fort Lee | $2,571 | -1% |
Most Popular Apartments in Fort Lee
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 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.