07040 rental market
Last updated August 23, 2025
Rental market summary
The average rent for 1 bedroom properties in 07040 is $2,300.
$2,300
+$50
-$137
7
Source: Zillow Rentals data
Rental price range
The price range for 1 bedroom properties is $1,995 to $4,700.
| Rent price | Number of rental properties |
|---|---|
| $1,900 | 1 |
| $2,100 | 1 |
| $2,200 | 2 |
| $2,300 | 2 |
| $2,400 | 1 |
| $4,600 | 1 |
| $4,700+ | 1 |
Average rent price over time
In the last year, rent has decreased by $138 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,250 | $2,430 |
| Feb | $2,300 | $2,260 |
| Mar | $2,200 | $2,421 |
| Apr | $2,100 | $2,300 |
| May | $2,250 | $2,450 |
| Jun | $2,095 | $2,350 |
| Jul | $2,300 | $2,350 |
| Aug | $2,210 | $2,250 |
| Sep | $2,375 | No data |
| Oct | $2,725 | No data |
| Nov | $2,788 | No data |
| Dec | $2,479 | No data |
Market temperature
The 07040 rental market temperature is WARM. 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 07040 is 45% higher than the national average.
$2,300
$1,587
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Rent trends near 07040
Frequently asked questions
1. What is the average rent in 07040?
The average rent in 07040 is $2,932.
2. How much does it cost to rent a house in 07040?
Houses in 07040 rent between $1,450 - $5,300 with an average rent of $2,932.
3. How has the rent in 07040 changed in the last year?
In the last year, the rent in 07040 decreased by $68
4. How much has the rent in 07040 increased/decreased in the last month?
In the last month, the rent in 07040 increased by $232
5. How many available rentals are there in 07040?
There are currently 37 rentals available in 07040.
6. How do rent prices in 07040 compare with the national average?
The average rent in 07040 is $2,932 — Infinity% higher the national average of $0.