Apartments in 07940

23 rentals

Apartments For Rent Near 07940

We found 21 more apartments matching your filters just outside 07940

Average Rent Trends in 07940

Rent in 07940 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Nov 2026 compared to the previous month. Rent for apartments peaked in Nov 2025.
MonthAverage rent
Dec 2025$3,244
Jan 2026$2,642
Feb 2026$3,042
Mar 2026$3,031
Apr 2026$2,804
May 2026$2,808
Jun 2026$2,820
Jul 2026$2,743
Aug 2026$3,050
Sep 2026$2,980
Oct 2026$3,181
Nov 2026$3,022
View as a graph

Average Rent By Bedroom and Home Type

In November 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$2,200$3,283$4,300$6,950$2,870
Townhomes——$4,300$6,950$5,250
Apartments and Condos$2,200$2,500$4,500—$2,500
Houses$3,000$2,500$3,500—$3,000

Frequently Asked Questions about Apartments and Condos for rent in 07940

  • What is the average rent of an apartment in 07940?
    The average rent of an apartment in 07940 is $2,718 per month.
  • When is the average rent for an apartment cheapest in 07940?
    In 2025, the average rent for an apartment in 07940 was lowest in April when it was $2,533 per month.
  • When is the average rent for an apartment most expensive in 07940?
    In 2025, the average rent for an apartment in 07940 was highest in November when it was $3,514 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 07940?
    The average rent of a 1 bedroom apartment in 07940 is $2,308 per month. That is about $509 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 07940?
    There are 27 available apartments or condos to rent in 07940.
  • What are some cities near 07940?
    Some nearby cities include: Madison, Florham Park, Chatham, Green Village, New Vernon, Summit. These cities may have more rental options to explore.
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