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Rental Market Trends in Tenafly, NJ

What is the average rent in Tenafly, NJ?

$2,788/month

Average Rent

758 Sq Ft

Average Apartment Size

+5.2%

Increase in the Last Year

As of June 2025, the average rent in Tenafly, NJ is $2,788 per month. This is 71% higher than the national average rent price of $1,628/month, making Tenafly one of the most expensive cities in the US. When you rent an apartment in Tenafly, you can expect to pay about $1,750 per month for a studio, $2,788 for a one-bedroom apartment, and around $2,522 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,825 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,750/month
508 Sq Ft
One Bedroom
$2,788/month
758 Sq Ft
Two Bedroom
$2,522/month
324 Sq Ft
Three Bedroom
$3,825/month
1,514 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Four Bedroom
$10,330/month
850 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Tenafly, NJ?

In the past year, rent has increased by 5.2%, which averages out to $145 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Tenafly, NJ
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Rent Ranges in Tenafly, NJ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

What salary do I need to live comfortably in Tenafly, NJ?

Because the average rent in Tenafly is $2,788, you’ll want to make about $9,293 per month or $111,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Tenafly, NJ

63 Available Apartments for Rent

Search for Nearby Apartments

How does Tenafly, NJ compare to other nearby cities and neighborhoods?

Use the tool below to compare Tenafly, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Tenafly, NJ

Apartment Averages

Nearby City Rent Trends

  • Cresskill Average Rent
  • Englewood Average Rent
  • Bergenfield Average Rent
  • Riverdale Average Rent
  • New Milford Average Rent

Apartment communities in Tenafly we think you'll love

Legion Manor: In-Unit Washer & Dryer, Cold...

Legion Manor: In-Unit Washer & Dryer, Cold...

47 Legion Dr,
Bergenfield, NJ 07621

1 Bed | $2,495 - $2,650

The East Hill: In-Unit Washer & Dryer, Hea...

The East Hill: In-Unit Washer & Dryer, Hea...

14 Bliss Ave,
Tenafly, NJ 07670

1-4 Beds | $2,650 - $6,750

Merritt Associates

Merritt Associates

30-60-90 Knickerbocker Rd,
Dumont, NJ 07628

1-2 Beds | $1,950 - $4,000

Grovefield Apartments

Grovefield Apartments

250 E Main St,
Bergenfield, NJ 07621

1-2 Beds | $1,695 - $2,000

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United States New Jersey Tenafly Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity