07940 rental market

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Last updated August 10, 2025

Rental market summary

The average rent for 3 bedroom properties in 07940 is $4,700.

Average rent

$4,700

Month-over-month change

+$100

Year-over-year change

+$750

Available rentals

11

Source: Zillow Rentals data

Rental price range

The price range for 3 bedroom properties is $3,000 to $6,000.

Rent frequencies
Rent priceNumber of rental properties
$2,9001
$3,0001
$4,4002
$4,5003
$4,6003
$4,7003
$4,9002
$5,000+2

Average rent price over time

In the last year, rent has increased by $750 compared to the previous year.

Average rent price over time
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$3,000No data
Oct$3,850No data
Nov$3,800No data
Dec$4,250No 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.

warm

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 07940 is 110% higher than the national average.

07940vs.

$4,700

$2,241

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Frequently asked questions

1. What is the average rent in 07940?

The average rent in 07940 is $4,000.

2. How much does it cost to rent a house in 07940?

Houses in 07940 rent between $1,900 - $6,000 with an average rent of $4,000.

3. How has the rent in 07940 changed in the last year?

In the last year, the rent in 07940 increased by $100

4. How much has the rent in 07940 increased/decreased in the last month?

In the last month, the rent in 07940 decreased by $100

5. How many available rentals are there in 07940?

There are currently 33 rentals available in 07940.

6. How do rent prices in 07940 compare with the national average?

The average rent in 07940 is $4,000 — Infinity% higher the national average of $0.