Apartments For Rent By Private Owner in 07040

12 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 increased in Oct 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
Nov 2025$2,650
Dec 2025$2,750
Jan 2026$2,850
Feb 2026$2,850
Mar 2026$2,800
Apr 2026$2,855
May 2026$2,790
Jun 2026$2,750
Jul 2026$2,783
Aug 2026$2,750
Sep 2026$2,750
Oct 2026$2,889
View as a graph

Average Rent By Bedroom and Home Type

In October 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$3,195$3,000$3,500$3,000
Townhomes—$3,044$3,200—$3,044
Apartments and Condos$1,800$3,195$2,900$3,450$2,800
Houses—$2,600$3,000$7,550$3,300

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 $3,086 per month. This is about 58% 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 $2,000 per month. That is about $650 more than the cost of a studio apartment.
  • How many available rental listings are in 07040?
    There are 57 available rental listings 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.
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