Apartments for Rent in New Milford, NJ

Prices and availability in New Milford, NJ were last updated on 13 Sep 2026.

The best apartments in New Milford, NJ are: Milford Arms Apartments, Dorchester Manor Apartments and New Milford Estates.

The average rent in New Milford, NJ is $1,936.

The price range for a 1-bedroom apartment in New Milford, NJ is between $1,625 and $2,185.

The price range for a 2-bedroom apartment in New Milford, NJ is between $1,995 and $2,195.

In New Milford, 39% of the residents are renting compared to 61% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of New Milford's rentals, 80% are small-scale complexes with under 50 units, and 7% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in New Milford are about 68 years old, on average. Of these, none have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in New Milford come in a range of sizes and floorplans. Studio apartments represent 7% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 65% of the total apartments in the city, while 2-bedroom floorplans represent around 27% of all rentals in New Milford. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.