The Sylvan
1 Valentine St,
Englewood Cliffs, NJ 07632
Studio - 3 Beds | $2,600 - $8,995
Rental Market Trends in Tenafly, NJ
What is the average rent in Tenafly, NJ?
$2,843/month
Average Rent
755 Sq Ft
Average Apartment Size
+2.6%
Increase in the Last Year
Tenafly, NJ Rental Market Overview
The average rent in Tenafly, NJ is $2,843 per month. This is 71% higher than the national average rent price of $1,662/month, making Tenafly one of the most expensive cities in the US.
- Studio apartments in Tenafly average $1,998 per month.
- One-bedroom apartments in Tenafly average $2,843 per month.
- Two-bedroom apartments in Tenafly average $3,785 per month.
- Three-bedroom apartments in Tenafly average $3,895 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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 2.6%, which averages out to $74 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 July 2026
Legend
2025
2026
Rent Ranges in Tenafly, NJ
Last Updated July 2026
Above $2,000
Most rental prices fall within this range
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 $2,843, you’ll want to make about $9,476 per month or $113,712 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.
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.
Apartment Communities in Tenafly We Think You'll Love
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Frequently Asked Questions
What is the average rent in Tenafly?
The average rent in Tenafly is $2,843 per month, which is 71.1% higher than the national average of $1,662.
Are rents going up or down in Tenafly?
Rents in Tenafly, NJ are increasing, with prices up 2.6% year-over-year and $74 more per month.
What rent range is most common in Tenafly?
In Tenafly, NJ, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.