08016 rental market

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Last updated August 11, 2025

Rental market summary

The average rent for 1 bedroom properties in 08016 is $1,525.

Average rent

$1,525

Month-over-month change

+$25

Year-over-year change

+$175

Available rentals

11

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $701 to $2,213.

Rent frequencies
Rent priceNumber of rental properties
$7001
$1,3001
$1,4003
$1,5004
$1,6002
$1,7001
$1,8002
$2,400+1

Average rent price over time

In the last year, rent has increased by $175 compared to the previous year.

Average rent price over time
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$1,350No data
Nov$1,580No data
Dec$1,475No 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.

hot

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 08016 is 4% lower than the national average.

08016vs.

$1,525

$1,592

Rent in 08016

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Frequently asked questions

1. What is the average rent in 08016?

The average rent in 08016 is $1,850.

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 $1,850.

3. How has the rent in 08016 changed in the last year?

In the last year, the rent in 08016 decreased by $350

4. How much has the rent in 08016 increased/decreased in the last month?

In the last month, the rent in 08016 did not change.

5. How many available rentals are there in 08016?

There are currently 33 rentals available in 08016.

6. How do rent prices in 08016 compare with the national average?

The average rent in 08016 is $1,850 — Infinity% higher the national average of $0.