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City Report · NJ

Teaneck

·46th most expensive in New Jersey·Teaneck rents have dropped 8.9%, currently a renter's market
Median rent (all units)
$2,934/mo
Year-over-Year
-8.9%
Month-over-Month
+6.4%
vs US Median
+$972
Rising (Monthly)
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Most AffordableMost Expensive
Teaneck · $2,934
More expensive than 89% of US cities · National median $1,962/mo
Affordability
49% of income
STRETCHED
0%30% benchmark60%+

At $2,934/mo, rent takes about 49% of the US median household income, well above the 30% benchmark.

Income to afford
$117,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Teaneck's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,570
1 BR
$1,820
2 BR
$2,090
3 BR
$2,570
4 BR+
$3,250
Fair Market Rent (HUD)
$2,090/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,934 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$35,208/yr
At $2,934/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (8.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-8.9% YoY, +6.4% MoM), not inventory.
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View Teaneck rent history (2015–2026) →
Salary vs rent

Can you afford rent in Teaneck on your salary?

At $2,934/mo, how Teaneck rent compares to typical pay (30% rule).

By apartment size

Teaneck rent by bedroom count

Median rent for each apartment size in Teaneck. Click any size for full breakdown.

Local insights

Tips for renters in Teaneck

About renting in Teaneck, NJ

Last updated: August 17, 2026

The median rent in Teaneck is $2,934/mo as of August 2026. A studio apartment averages $1,570/mo while a 2-bedroom runs $2,090/mo. One-bedroom apartments average $1,820/mo and 3-bedroom units go for $2,570/mo.

At 49% of estimated US median household income ($72,000/yr), Teaneck ranks as moderate compared to the national benchmark of 30%. Rents have decreased 8.9% over the past year.

FAQ

Frequently asked questions

Is Teaneck an affordable city for renters?

Teaneck is considered stretched for renters. At $2,934/mo, rent takes approximately 49% of the US median household income ($72,000/yr). The standard benchmark is 30%. Teaneck significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Teaneck?

To keep rent at or below 30% of gross income, you would need to earn at least $117,000/year (~$56/hour full-time) to afford the median rent of $2,934/mo in Teaneck.

Is rent going up or down in Teaneck?

Rent in Teaneck has decreased 8.9% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Teaneck rent compare to other cities in New Jersey?

Teaneck is one of the pricier cities in New Jersey for rent, ranking #46 out of 183 tracked cities at $2,934/mo.

Which nearby cities are cheaper to rent in than Teaneck?

Several nearby cities have lower median rents than Teaneck ($2,934/mo): Ridgefield Park ($2,161/mo), Leonia ($2,550/mo), Hackensack ($2,720/mo).

How does Teaneck rent compare to the national average?

Teaneck's median rent of $2,934/mo is $972 (50%) above the US national median of $1,962/mo. Within New Jersey, it ranks #46 out of 183 tracked cities.
Income Affordability
49%
STRETCHED

At $2,934/mo, rent takes ~49% of US median household income ($72,000/yr). The standard benchmark is 30%.

Teaneck 49%Benchmark 30%
State income tax1.4–10.75%
Run the Teaneck affordability calculator →
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Neighborhoods

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Public schools near Teaneck, NJ

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