07040 rental market

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Last updated August 10, 2025

Rental market summary

The average rent for 2 bedroom properties in 07040 is $2,400.

Average rent

$2,400

Month-over-month change

-$300

Year-over-year change

-$461

Available rentals

12

Source: Zillow Rentals data

Rental price range

The price range for 2 bedroom properties is $2,000 to $3,895.

Rent frequencies
Rent priceNumber of rental properties
$1,9001
$2,0002
$2,1001
$2,2002
$2,3002
$2,4003
$2,7001
$2,9001
$3,0001
$3,1001
$3,2001
$4,300+1

Average rent price over time

In the last year, rent has decreased by $461 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,568$2,828
Feb$2,500$3,000
Mar$2,400$2,933
Apr$2,500$2,650
May$3,013$2,695
Jun$2,800$2,500
Jul$2,600$2,500
Aug$2,611$2,400
Sep$3,150No data
Oct$3,290No data
Nov$3,300No data
Dec$2,500No 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.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 07040 is 27% higher than the national average.

07040vs.

$2,400

$1,895

Rent in 07040

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Frequently asked questions

1. What is the average rent in 07040?

The average rent in 07040 is $2,950.

2. How much does it cost to rent a house in 07040?

Houses in 07040 rent between $1,450 - $5,500 with an average rent of $2,950.

3. How has the rent in 07040 changed in the last year?

In the last year, the rent in 07040 increased by $50

4. How much has the rent in 07040 increased/decreased in the last month?

In the last month, the rent in 07040 increased by $150

5. How many available rentals are there in 07040?

There are currently 35 rentals available in 07040.

6. How do rent prices in 07040 compare with the national average?

The average rent in 07040 is $2,950 — Infinity% higher the national average of $0.