Apartments in 07040

39 rentals

Apartments For Rent Near 07040

We found 30 more apartments matching your filters just outside 07040

Average Rent Trends in 07040

Rent in 07040 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment stayed about the same in Aug 2026 compared to the previous month. Rent for apartments peaked in Apr 2025.
MonthAverage rent
Sep 2025$3,115
Oct 2025$3,033
Nov 2025$3,007
Dec 2025$2,775
Jan 2026$3,146
Feb 2026$3,080
Mar 2026$2,583
Apr 2026$2,813
May 2026$2,751
Jun 2026$2,794
Jul 2026$2,958
Aug 2026$2,936
View as a graph

Average Rent By Bedroom and Home Type

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$2,000$2,834$3,000$3,500$2,750
Townhomes$1,500$3,200$3,450—$3,200
Apartments and Condos$1,895$2,750$2,800$3,500$2,750
Houses—$2,600$4,150—$3,300

Frequently Asked Questions about Apartments and Condos for rent in 07040

  • What is the average rent of an apartment in 07040?
    The average rent of an apartment in 07040 is $2,949 per month. This is about 50% higher than the national average.
  • When is the average rent for an apartment cheapest in 07040?
    In the last year, the average rent in 07040 was lowest in Dec 2025 when it was $2,775 per month.
  • When is the average rent for an apartment most expensive in 07040?
    In the last year, the average rent in 07040 was highest in Apr 2025 when it was $3,295 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 07040?
    The average rent of a 1 bedroom apartment in 07040 is $2,145 per month. That is about $514 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 07040?
    There are 41 available apartments or condos to rent in 07040.
  • What are some cities near 07040?
    Some nearby cities include: Maplewood, South Orange, Millburn, Irvington, Union, Hillside. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 07040 - 412 Apartamentos | Trulia
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