04240 rental market
Last updated August 11, 2025
Rental market summary
The average rent for 1 bedroom properties in 04240 is $1,200.
$1,200
-$50
+$50
10
Source: Zillow Rentals data
Rental price range
The price range for 1 bedroom properties is $988 to $1,500.
| Rent price | Number of rental properties |
|---|---|
| $900 | 2 |
| $1,000 | 2 |
| $1,100 | 3 |
| $1,200 | 3 |
| $1,300 | 1 |
| $1,400 | 3 |
| $1,500+ | 3 |
Average rent price over time
In the last year, rent has increased by $50 compared to the previous year.
| 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 | $1,100 | No data |
| Oct | $1,170 | No data |
| Nov | $1,150 | No data |
| Dec | $1,150 | No 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.
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.
$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.