04240 rental market

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Last updated August 11, 2025

Rental market summary

The average rent for 1 bedroom properties in 04240 is $1,200.

Average rent

$1,200

Month-over-month change

-$50

Year-over-year change

+$50

Available rentals

10

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $988 to $1,500.

Rent frequencies
Rent priceNumber of rental properties
$9002
$1,0002
$1,1003
$1,2003
$1,3001
$1,4003
$1,500+3

Average rent price over time

In the last year, rent has increased by $50 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,000$1,150
Feb$1,000$1,150
Mar$1,100$1,150
Apr$1,135$1,150
May$1,100$1,200
Jun$1,100$1,150
Jul$1,100$1,250
Aug$1,000$1,235
Sep$1,100No data
Oct$1,170No data
Nov$1,150No data
Dec$1,150No data

Market temperature

The 04240 rental market temperature is HOT. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

hot

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 04240 is 25% lower than the national average.

04240vs.

$1,200

$1,592

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Frequently asked questions

1. What is the average rent in 04240?

The average rent in 04240 is $1,650.

2. How much does it cost to rent a house in 04240?

Houses in 04240 rent between $988 - $2,900 with an average rent of $1,650.

3. How has the rent in 04240 changed in the last year?

In the last year, the rent in 04240 increased by $75

4. How much has the rent in 04240 increased/decreased in the last month?

In the last month, the rent in 04240 increased by $75

5. How many available rentals are there in 04240?

There are currently 56 rentals available in 04240.

6. How do rent prices in 04240 compare with the national average?

The average rent in 04240 is $1,650 — Infinity% higher the national average of $0.

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