08031 rental market

What is the average rent in 08031?

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Last updated October 30, 2025

Rental market summary

The average rent for all bedrooms and all property types in 08031 is $1,641.

Average rent

$1,641

Month-over-month change

+$4

Year-over-year change

-$559

Available rentals

7

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,200 to $2,900.

Rent frequencies
Rent priceNumber of rental properties
$1,1001
$1,4002
$1,5001
$1,6001
$1,8001
$2,6001
$2,7001
$2,8001
$2,900+1

Average rent price over time

In the last year, rent has decreased by $559 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,350$1,639
Feb$1,576$1,262
Mar$2,200$1,975
Apr$1,568$2,100
May$1,581$1,663
Jun$2,100$1,668
Jul$1,900$1,800
Aug$1,651$1,625
Sep$1,800$1,626
Oct$1,673$1,638
Nov$2,200No data
Dec$1,634No data

Market temperature

The 08031 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 08031 is 18% lower than the national average.

08031vs.

$1,641

$2,000

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Frequently asked questions

1. What is the average rent in 08031?

The average rent in 08031 is $1,641.

2. What is the average rent for a one-bedroom apartment in 08031?

The average rent for a one-bedroom apartment in 08031 is $1,418 per month.

3. What is the average rent for a two-bedroom apartment in 08031?

The average rent for a two-bedroom apartment in 08031 is $1,500 per month.

4. What is the average rent for a three-bedroom apartment in 08031?

The average rent for a three-bedroom apartment in 08031 is $2,700 per month.

5. What is the average rent for a four-bedroom apartment in 08031?

The average rent for a four-bedroom apartment in 08031 is $2,600 per month.

6. How much does it cost to rent a house in 08031?

Houses in 08031 rent between $1,200 - $2,900 with an average rent of $1,641.

7. How has the rent in 08031 changed in the last year?

In the last year, the rent in 08031 decreased by $559

8. How much has the rent in 08031 increased/decreased in the last month?

In the last month, the rent in 08031 increased by $4

9. How many available rentals are there in 08031?

There are currently 7 rentals available in 08031.

10. How do rent prices in 08031 compare with the national average?

The average rent in 08031 is $1,641 — 17.95% lower the national average of $2,000.