08016 rental market

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Last updated August 21, 2025

Rental market summary

The average rent for all bedrooms and all property types in 08016 is $2,250.

Average rent

$2,250

Month-over-month change

-$450

Year-over-year change

-$150

Available rentals

2

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $2,250 to $3,995.

Rent frequencies
Rent priceNumber of rental properties
$2,2001
$4,200+1

Average rent price over time

In the last year, rent has decreased by $150 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$2,495$2,199
Feb$2,850$2,199
Mar$2,950$2,100
Apr$2,850$2,200
May$2,795$2,100
Jun$2,500$3,300
Jul$2,400$3,125
Aug$2,400$3,500
Sep$2,250No data
Oct$2,176No data
Nov$2,199No data
Dec$2,113No 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 17% lower than the national average.

08016vs.

$2,250

$2,700

Rent in 08016

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Frequently asked questions

1. What is the average rent in 08016?

The average rent in 08016 is $1,800.

2. How much does it cost to rent a house in 08016?

Houses in 08016 rent between $701 - $3,995 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 $50

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.