08723 rental market

What is the average rent in 08723?

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Last updated September 8, 2026

Rental market summary

The average rent for all bedrooms and all property types in 08723 is $3,000.

Average rent

$3,000

Month-over-month change

$0

Year-over-year change

-$200

Available rentals

20

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $1,685 to $5,500.

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Rent frequencies
Rent priceNumber of rental properties
$1,9001
$2,1004
$2,2003
$2,6002
$2,7003
$2,8001
$2,9002
$3,0003
$3,1001
$3,2002
$3,3001
$3,5002
$3,6002
$4,1001
$4,2001
$4,4001
$4,5001
$5,000+1

Average rent price over time

In the last year, rent has decreased by $200 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$3,100$3,200
Feb$3,300$3,200
Mar$3,500$3,300
Apr$3,600$3,060
May$3,900$3,100
Jun$3,833$3,400
Jul$3,750$3,200
Aug$3,200$3,000
Sep$3,200$3,000
Oct$3,200No data
Nov$3,500No data
Dec$3,300No data

Market temperature

The 08723 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 08723 is 50% higher than the national average.

08723vs.

$3,000

$2,000

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Frequently asked questions

1. What is the average rent in 08723?

The average rent in 08723 is $3,000.

2. What is the average rent for a one-bedroom apartment in 08723?

The average rent for a one-bedroom apartment in 08723 is $1,764 per month.

3. What is the average rent for a two-bedroom apartment in 08723?

The average rent for a two-bedroom apartment in 08723 is $2,300 per month.

4. What is the average rent for a three-bedroom apartment in 08723?

The average rent for a three-bedroom apartment in 08723 is $3,250 per month.

5. What is the average rent for a four-bedroom apartment in 08723?

The average rent for a four-bedroom apartment in 08723 is $4,360 per month.

6. How much does it cost to rent a house in 08723?

Houses in 08723 rent between $1,685 - $5,500 with an average rent of $3,000.

7. How has the rent in 08723 changed in the last year?

In the last year, the rent in 08723 decreased by $200

8. How much has the rent in 08723 increased/decreased in the last month?

In the last month, the rent in 08723 did not change.

9. How many available rentals are there in 08723?

There are currently 20 rentals available in 08723.

10. How do rent prices in 08723 compare with the national average?

The average rent in 08723 is $3,000 — 50% higher the national average of $2,000.

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