07940 rental market
Last updated August 21, 2025
Rental market summary
The average rent for 3 bedroom properties in 07940 is $4,500.
$4,500
-$200
+$550
8
Source: Zillow Rentals data
Rental price range
The price range for 3 bedroom properties is $3,000 to $6,000.
| Rent price | Number of rental properties |
|---|---|
| $2,900 | 1 |
| $3,000 | 1 |
| $4,300 | 1 |
| $4,400 | 3 |
| $4,500 | 3 |
| $4,600 | 1 |
| $4,700 | 1 |
| $5,000+ | 2 |
Average rent price over time
In the last year, rent has increased by $550 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $4,300 | $4,300 |
| Feb | $4,500 | $3,300 |
| Mar | $4,800 | $4,500 |
| Apr | $4,800 | $4,500 |
| May | $5,000 | $5,000 |
| Jun | $4,000 | $4,200 |
| Jul | $4,000 | $4,700 |
| Aug | $3,900 | $4,950 |
| Sep | $3,000 | No data |
| Oct | $3,850 | No data |
| Nov | $3,800 | No data |
| Dec | $4,250 | No data |
Market temperature
The 07940 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 07940 is 105% higher than the national average.
$4,500
$2,200
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Frequently asked questions
1. What is the average rent in 07940?
The average rent in 07940 is $3,200.
2. How much does it cost to rent a house in 07940?
Houses in 07940 rent between $1,895 - $6,000 with an average rent of $3,200.
3. How has the rent in 07940 changed in the last year?
In the last year, the rent in 07940 decreased by $750
4. How much has the rent in 07940 increased/decreased in the last month?
In the last month, the rent in 07940 decreased by $618
5. How many available rentals are there in 07940?
There are currently 30 rentals available in 07940.
6. How do rent prices in 07940 compare with the national average?
The average rent in 07940 is $3,200 — Infinity% higher the national average of $0.