Cheap Apartments for Rent in 07040
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SPECIAL OFFERPET FRIENDLY$2,090 - $3,345/mo
Studio-2 Beds
1-2 BathsAvalon Maplewood | 200 Boyden Ave #1B-1Ba-640Sqft,
Maplewood, NJ 07040
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,811 |
| Jul 2025 | $2,900 |
| Aug 2025 | $2,800 |
| Sep 2025 | $2,800 |
| Oct 2025 | $3,000 |
| Nov 2025 | $2,650 |
| Dec 2025 | $2,750 |
| Jan 2026 | $2,850 |
| Feb 2026 | $2,850 |
| Mar 2026 | $2,800 |
| Apr 2026 | $2,856 |
| May 2026 | $2,794 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,900 | $2,772 | $3,000 | $3,650 | $2,772 |
| Townhomes | $1,600 | — | — | — | $5,745 |
| Apartments and Condos | $1,950 | $2,750 | $2,700 | $3,500 | $2,622 |
| Houses | — | $3,100 | $3,000 | — | $3,000 |
Frequently Asked Questions about Rentals in 07040
- What is the average rent of an apartment in 07040?The average rent of an apartment in 07040 is $2,761 per month. This is about 43% higher than the national average.
- What is the average rent of a house in 07040?The average rent of a house in 07040 is $3,000 per month. This is about 55% higher than the national average.
- What is the average rent of a townhome in 07040?The average rent of a townhome in 07040 is $5,745 per month. This is about 198% higher than the national average.
- When is the average rent cheapest in 07040?In the last year, the average rent in 07040 was lowest in Nov 2025 when it was $2,650 per month.
- When is the average rent most expensive in 07040?In the last year, the average rent in 07040 was highest in Feb 2025 when it was $3,000 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 $1,900 per month. That is about $150 more than the cost of a studio apartment.
- How many available rental listings are in 07040?There are 53 available rental listings in 07040.
- What are some cities near 07040?
Copyright Garden State Multiple Listing Service, L.L.C. All rights reserved. Information is deemed reliable but not guaranteed.