Luxury Apartments for Rent in 07108
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Average Rent Trends in 07108
Rent in 07108 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,200 |
| Jul 2025 | $2,200 |
| Aug 2025 | $2,195 |
| Sep 2025 | $2,200 |
| Oct 2025 | $2,195 |
| Nov 2025 | $2,100 |
| Dec 2025 | $2,150 |
| Jan 2026 | $2,150 |
| Feb 2026 | $2,100 |
| Mar 2026 | $2,100 |
| Apr 2026 | $2,100 |
| May 2026 | $2,100 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,550 | $1,775 | $2,150 | $2,700 | $2,100 |
| Townhomes | $1,450 | $1,800 | $2,100 | $3,200 | $2,050 |
| Apartments and Condos | $1,550 | $1,775 | $2,150 | $2,700 | $2,100 |
| Houses | — | $1,650 | $2,500 | $3,100 | $2,100 |
Frequently Asked Questions about Rentals in 07108
- What is the average rent of an apartment in 07108?The average rent of an apartment in 07108 is $2,054 per month. This is about 6% higher than the national average.
- What is the average rent of a house in 07108?The average rent of a house in 07108 is $2,100 per month. This is about 9% higher than the national average.
- What is the average rent of a townhome in 07108?The average rent of a townhome in 07108 is $2,050 per month. This is about 6% higher than the national average.
- When is the average rent cheapest in 07108?In the last year, the average rent in 07108 was lowest in Jan 2025 when it was $2,100 per month.
- When is the average rent most expensive in 07108?In the last year, the average rent in 07108 was highest in May 2025 when it was $2,295 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 07108?The average rent of a 1 bedroom apartment in 07108 is $1,550 per month. That is about $300 more than the cost of a studio apartment.
- How many available rental listings are in 07108?There are 397 available rental listings in 07108.
- What are some cities near 07108?Some nearby cities include: Newark, Irvington, Hillside, East Newark, Harrison, East Orange. These cities may have more rental options to explore.
Copyright Garden State Multiple Listing Service, L.L.C. All rights reserved. Information is deemed reliable but not guaranteed.
