Apartments in 07940
23 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$3,440 - $3,733/mo
2 Beds
2 BathsMadison Mall on Main Luxury Apartments | 286 Main St #296-206,
Madison, NJ 07940
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Apartments For Rent Near 07940
We found 30 more apartments matching your filters just outside 07940
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$2,485 - $3,010/mo1-2 Beds1 BathChatham on Main | 555 Main St #500-03B,
Chatham, NJ 07928
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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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,624 |
| Jul 2025 | $2,687 |
| Aug 2025 | $2,638 |
| Sep 2025 | $2,567 |
| Oct 2025 | $2,881 |
| Nov 2025 | $3,514 |
| Dec 2025 | $3,244 |
| Jan 2026 | $2,642 |
| Feb 2026 | $3,044 |
| Mar 2026 | $3,056 |
| Apr 2026 | $2,805 |
| May 2026 | $2,808 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,300 | $3,050 | $4,650 | $5,995 | $3,300 |
| Townhomes | $3,300 | $4,495 | $4,999 | — | $4,650 |
| Apartments and Condos | $2,050 | $2,650 | $4,200 | $5,995 | $2,650 |
| Houses | — | — | $3,000 | $5,000 | $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 $2,705 per month. This is about 40% higher than the national average.
- When is the average rent cheapest in 07940?In the last year, the average rent in 07940 was lowest in Apr 2025 when it was $2,533 per month.
- When is the average rent most expensive in 07940?In the last year, the average rent in 07940 was highest in Nov 2025 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 $2,388 per month. That is about $153 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 07940?There are 26 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.
Copyright Garden State Multiple Listing Service, L.L.C. All rights reserved. Information is deemed reliable but not guaranteed.