07723 rental market

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Last updated August 21, 2025

Rental market summary

The average rent for 1 bedroom properties in 07723 is $1,400.

Average rent

$1,400

Month-over-month change

-$180

Year-over-year change

-$250

Available rentals

2

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $1,400 to $1,400.

Rent frequencies
Rent priceNumber of rental properties
$1,3002
$1,400+2

Average rent price over time

In the last year, rent has decreased by $250 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$15,000$18,000
Feb$15,000$18,000
Jun$1,750$1,600
Jul$1,750$1,600
Aug$1,700$1,600
Sep$1,650$1,600
Nov$18,000$1,600
Dec$1,650$1,400

Market temperature

The 07723 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 07723 is 12% lower than the national average.

07723vs.

$1,400

$1,585

Rent in 07723

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Frequently asked questions

1. What is the average rent in 07723?

The average rent in 07723 is $2,500.

2. How much does it cost to rent a house in 07723?

Houses in 07723 rent between $1,799 - $5,000 with an average rent of $2,500.

3. How has the rent in 07723 changed in the last year?

In the last year, the rent in 07723 decreased by $100

4. How much has the rent in 07723 increased/decreased in the last month?

In the last month, the rent in 07723 decreased by $270

5. How many available rentals are there in 07723?

There are currently 14 rentals available in 07723.

6. How do rent prices in 07723 compare with the national average?

The average rent in 07723 is $2,500 — Infinity% higher the national average of $0.