07040 rental market

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Last updated August 18, 2025

Rental market summary

The average rent for all bedrooms and all property types in 07040 is $3,450.

Average rent

$3,450

Month-over-month change

-$435

Year-over-year change

-$1,350

Available rentals

5

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $3,000 to $5,300.

Rent frequencies
Rent priceNumber of rental properties
$2,9001
$3,0001
$3,4003
$3,5001
$5,000+1

Average rent price over time

In the last year, rent has decreased by $1,350 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$3,500$3,500
Feb$4,500$3,320
Mar$4,500$3,500
Apr$4,500$3,500
May$4,400$4,600
Jun$3,800$5,295
Jul$5,400$3,905
Aug$5,345$3,765
Sep$5,150No data
Oct$5,700No data
Nov$3,500No data
Dec$3,500No 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 28% higher than the national average.

07040vs.

$3,450

$2,700

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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 - $5,300 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 $53

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

In the last month, the rent in 07040 increased by $129

5. How many available rentals are there in 07040?

There are currently 38 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.