Cheap Apartments for Rent in 07054

39 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 Aug 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
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$2,480
Apr 2026$2,276
May 2026$3,024
Jun 2026$3,073
Jul 2026$3,208
Aug 2026$3,300
View as a graph

Average Rent By Bedroom and Home Type

In August 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$2,045$2,743$4,100$4,000$3,200
Townhomes—$3,450$4,150—$4,100
Apartments and Condos—$2,500$3,300—$2,500
Houses——$3,200$4,000$4,000

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 $2,245 per month. This is about 14% 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 $2,045 per month. That is about $180 less than the cost of a studio apartment.
  • How many available rental listings are in 07054?
    There are 38 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.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 07054 - 485 Rentas | Trulia
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