08031 rental market

Choose another area

Last updated August 8, 2025

Rental market summary

The average rent for 1 bedroom properties in 08031 is $1,450.

Average rent

$1,450

Month-over-month change

+$50

Year-over-year change

+$125

Available rentals

4

Source: Zillow Rentals data

Rental price range

The price range for 1 bedroom properties is $1,100 to $2,485.

Rent frequencies
Rent priceNumber of rental properties
$1,0001
$1,1001
$1,4002
$1,500+1

Average rent price over time

In the last year, rent has increased by $125 compared to the previous year.

Average rent price over time
Last year (2024)This year (2025)
Jan$1,100$1,350
Feb$1,100$1,262
Mar$1,507$1,468
Apr$1,502$1,623
May$1,492$1,445
Jun$1,350$1,400
Jul$1,350$1,400
Aug$1,579$1,400
Sep$1,599No data
Oct$1,350No data
Nov$1,520No data
Dec$1,350No data

Market temperature

The 08031 rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 08031 is 9% lower than the national average.

08031vs.

$1,450

$1,595

Rent in 08031

We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.

Explore Rentals

Frequently asked questions

1. What is the average rent in 08031?

The average rent in 08031 is $1,625.

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

Houses in 08031 rent between $1,100 - $2,800 with an average rent of $1,625.

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

In the last year, the rent in 08031 increased by $300

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

In the last month, the rent in 08031 increased by $176

5. How many available rentals are there in 08031?

There are currently 12 rentals available in 08031.

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

The average rent in 08031 is $1,625 — Infinity% higher the national average of $0.