Cheap Apartments for Rent in 07054

28 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 increased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Jun 2025$3,448
Jul 2025$2,947
Aug 2025$3,150
Sep 2025$3,200
Oct 2025$3,243
Nov 2025$2,745
Dec 2025$2,990
Jan 2026$2,600
Feb 2026$2,500
Mar 2026$2,400
Apr 2026$2,292
May 2026$3,023
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 Rentals 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.
  • What is the average rent of a house in 07054?
    The average rent of a house in 07054 is $3,950 per month. This is about 105% higher than the national average.
  • What is the average rent of a townhome in 07054?
    The average rent of a townhome in 07054 is $3,975 per month. This is about 106% 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 May 2025 when it was $2,369 per month.
  • 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 $1,986 per month. That is about $271 less than the cost of a studio apartment.
  • How many available rental listings are in 07054?
    There are 27 available rental listings 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.
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