07940 rental market
What is the average rent in 07940?
Last updated June 21, 2026
Rental market summary
The average rent for all bedrooms and all property types in 07940 is $3,588.
Average rent
$3,588
Month-over-month change
+$538
Year-over-year change
-$612
Available rentals
33
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,850 to $8,500.
| Rent price | Number of rental properties |
|---|---|
| $1,800 | 1 |
| $1,900 | 3 |
| $2,000 | 1 |
| $2,200 | 3 |
| $2,400 | 1 |
| $2,500 | 2 |
| $2,600 | 1 |
| $2,700 | 2 |
| $2,800 | 1 |
| $2,900 | 1 |
| $3,000 | 2 |
| $3,300 | 1 |
| $3,500 | 2 |
| $3,600 | 1 |
| $3,700 | 1 |
| $3,900 | 1 |
| $4,100 | 1 |
| $4,200 | 1 |
| $4,400 | 4 |
| $4,500 | 4 |
| $4,600 | 1 |
| $4,700 | 1 |
| $4,800 | 1 |
| $4,900 | 3 |
| $5,000+ | 4 |
Average rent price over time
In the last year, rent has decreased by $612 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $2,994 | $3,750 |
| Feb | $2,850 | $3,200 |
| Mar | $2,650 | $2,850 |
| Apr | $3,500 | $3,434 |
| May | $2,850 | $3,195 |
| Jun | $2,800 | $3,195 |
| Jul | $4,200 | No data |
| Aug | $3,850 | No data |
| Sep | $3,275 | No data |
| Oct | $4,000 | No data |
| Nov | $3,471 | No data |
| Dec | $3,750 | No data |
Market temperature
The 07940 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.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 07940 is 78% higher than the national average.
$3,588
$2,015
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Frequently asked questions
1. What is the average rent in 07940?
2. What is the average rent for a one-bedroom apartment in 07940?
3. What is the average rent for a two-bedroom apartment in 07940?
4. What is the average rent for a three-bedroom apartment in 07940?
5. What is the average rent for a four-bedroom apartment in 07940?
6. How much does it cost to rent a house in 07940?
7. How has the rent in 07940 changed in the last year?
8. How much has the rent in 07940 increased/decreased in the last month?
9. How many available rentals are there in 07940?
10. How do rent prices in 07940 compare with the national average?
