Cheap Apartments for Rent in 07054

36 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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Oct 2025$3,243
Nov 2025$2,745
Dec 2025$2,990
Jan 2026$2,600
Feb 2026$2,500
Mar 2026$2,480
Apr 2026$2,276
May 2026$3,024
Jun 2026$3,073
Jul 2026$3,208
Aug 2026$3,300
Sep 2026$3,270
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$2,095$2,628$3,900$3,950$3,300
Townhomes$1,850$3,500$3,900—$3,850
Apartments and Condos—$2,500$3,300$4,500$3,300
Houses——$3,700$3,950$3,950

Frequently Asked Questions about Rentals in 07054

  • What is the average rent of an apartment in 07054?
    The average rent of an apartment in 07054 is $2,535 per month. This is about 30% higher than the national average.
  • What are the cheapest months to find an apartment to rent in 07054?
    Last year, the cheapest month to find an apartment to rent was May 2025 when it was $2,369 per month.
  • How many cheap apartments are available in 07054?
    There are 18 apartments to rent that are cheaper than the city’s average rent of $3,300.
  • When is the average rent most expensive in 07054?
    In the last year, the average rent in 07054 was highest in Jun 2025 when it was $3,448 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 $2,095 per month. That is about $130 less than the cost of a studio apartment.
  • 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 07054 - 445 Rentas | Trulia
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