08016 rental market
Last updated August 20, 2025
Rental market summary
The average rent for 1 bedroom properties in 08016 is $1,500.
$1,500
$0
+$150
12
Source: Zillow Rentals data
Rental price range
The price range for 1 bedroom properties is $701 to $2,295.
| Rent price | Number of rental properties |
|---|---|
| $700 | 1 |
| $800 | 1 |
| $1,300 | 1 |
| $1,400 | 3 |
| $1,500 | 4 |
| $1,600 | 2 |
| $1,700 | 1 |
| $1,800 | 1 |
| $1,900 | 1 |
| $2,400+ | 1 |
Average rent price over time
In the last year, rent has increased by $150 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,350 | $1,550 |
| Feb | $1,295 | $1,650 |
| Mar | $1,300 | $1,700 |
| Apr | $1,350 | $1,500 |
| May | $1,300 | $1,500 |
| Jun | $1,350 | $1,500 |
| Aug | $1,350 | $1,500 |
| Sep | $1,350 | $1,500 |
| Oct | $1,350 | No data |
| Nov | $1,580 | No data |
| Dec | $1,475 | No data |
Market temperature
The 08016 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 08016 is 5% lower than the national average.
$1,500
$1,586
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Rent trends near 08016
Frequently asked questions
1. What is the average rent in 08016?
The average rent in 08016 is $1,800.
2. How much does it cost to rent a house in 08016?
Houses in 08016 rent between $701 - $4,250 with an average rent of $1,800.
3. How has the rent in 08016 changed in the last year?
In the last year, the rent in 08016 decreased by $400
4. How much has the rent in 08016 increased/decreased in the last month?
In the last month, the rent in 08016 decreased by $200
5. How many available rentals are there in 08016?
There are currently 35 rentals available in 08016.
6. How do rent prices in 08016 compare with the national average?
The average rent in 08016 is $1,800 — Infinity% higher the national average of $0.