Tools for monitoring daily physical activity (PA) are desired by persons with multiple sclerosis (MS). However, current research-grade options are not suitable for longitudinal, independent use due to their cost and user experience. Our objective was to assess the validity of step counts and PA intensity metrics derived from the Fitbit Inspire HR, a consumer-grade PA tracker, in 45 persons with MS (Median age: 46, IQR: 40–51) undergoing inpatient rehabilitation. The population had moderate mobility impairment (Median EDSS 4.0, Range 2.0–6.5). We assessed the validity of Fitbit-derived PA metrics (Step count, total time in PA, time in moderate to vigorous PA (MVPA)) during scripted tasks and free-living activity at three levels of data aggregation (minute, daily, and average PA). Criterion validity was assessed though agreement with manual counts and multiple methods for deriving PA metrics via the Actigraph GT3X. Convergent and known-groups validity were assessed via relationships with reference standards and related clinical measures. Fitbit-derived step count and time in PA, but not time in MVPA, exhibited excellent agreement with reference measures during scripted tasks. During free-living activity, step count and time in PA correlated moderately to strongly with reference measures, but agreement varied across metrics, data aggregation levels, and disease severity strata. Time in MVPA weakly agreed with reference measures. However, Fitbit-derived metrics were often as different from reference measures as reference measures were from each other. Fitbit-derived metrics consistently exhibited similar or stronger evidence of construct validity than reference standards. Fitbit-derived PA metrics are not equivalent to existing reference standards. However, they exhibit evidence of construct validity. Consumer-grade fitness trackers such as the Fitbit Inspire HR may therefore be suitable as a PA tracking tool for persons with mild or moderate MS. Author summary Physical activity (PA) is an important aspect of health and well-being. However, PA is often reduced in persons with multiple sclerosis (MS), a neurodegenerative autoimmune disease which affects physical function, motor control, and energy levels. It is of public health interest to increase PA behavior in this population. However, valid and user-friendly methods for tracking PA are required to quantify PA behavior during patients’ daily lives. So-called “research-grade” wearable devices are used for short-term measurements (for example, 7 days), but offer poor user experience and are therefore not suitable for longer-term PA tracking. It is therefore increasingly common for MS researchers to use “consumer-grade” devices such as Fitbits. However, high-quality evidence of their validity in MS populations is limited. In this study, we compared PA metrics derived from a Fitbit device to multiple, validated research-grade methods. While the PA metrics derived from each method were not equivalent, all exhibited the similar evidence of validity. In some cases, Fitbit outperformed research-grade methods. We posit that PA metrics derived from the Fitbit are now suitable for long-term PA tracking in MS populations, and that the resulting longitudinal data has the potential to progress our understanding of world PA behavior in MS populations.