Apartments in 07054

17 rentals

Apartments For Rent Near 07054

We found 30 more apartments matching your filters just outside 07054

Average Rent Trends in 07054

Rent in 07054 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 Jan 2025.
MonthAverage rent
Jun 2025$2,126
Jul 2025$2,335
Aug 2025$2,423
Sep 2025$2,308
Oct 2025$2,301
Nov 2025$2,314
Dec 2025$2,457
Jan 2026$2,308
Feb 2026$2,141
Mar 2026$2,112
Apr 2026$2,032
May 2026$1,987
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$1,986$2,745$3,917$4,500$2,979
Townhomes—$3,500$3,990—$3,975
Apartments and Condos$925$2,800$3,500—$1,700
Houses——$3,750$4,500$3,950

Frequently Asked Questions about Apartments and Condos for rent in 07054

  • What is the average rent of an apartment in 07054?
    The average rent of an apartment in 07054 is $1,993 per month. This is about 3% higher than the national average.
  • When is the average rent cheapest in 07054?
    In the last year, the average rent in 07054 was lowest in Mar 2025 when it was $1,704 per month.
  • When is the average rent most expensive in 07054?
    In the last year, the average rent in 07054 was highest in Jan 2025 when it was $2,659 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 07054?
    The average rent of a 1 bedroom apartment in 07054 is $1,669 per month. That is about $584 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 07054?
    There are 19 available apartments or condos to rent in 07054.
  • What are some cities near 07054?
    Some nearby cities include: Parsippany, Lake Hiawatha, Whippany, Mountain Lakes, Pine Brook, East Hanover Township. These cities may have more rental options to explore.