New Milford, NJ Rental Market Trends
Last updated: November 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in New Milford is $1,820, a 6.04% decrease compared to the previous year, when the average rent was $1,937.
Studio Apartments at $1,518 offer the most budget-friendly option with 461 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 592 square feet for $1,702, balancing privacy and affordability.
Two-beedroom units at $2,173 offer 715 square feet, perfect for roommates or small families.
Average rent in New Milford, NJ
Last updated: November 20, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,820 | 618 sq. ft. |
| Studio | $1,518 | 461 sq. ft. |
| 1 Bed | $1,702 | 592 sq. ft. |
| 2 Beds | $2,173 | 715 sq. ft. |
| 3 Beds | n/a | n/a |
New Milford, NJ rent trends
Rental prices in New Milford, NJ have decreased by 6.04% over the past year. The average rent moved from $1,937 to $1,820.
What's the typical rent budget in New Milford, NJ?
The largest share of rentals in New Milford, NJ (60%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in New Milford, NJ?
2,297 or 37% of the households in New Milford, NJ are renter-occupied while 3,860 or 63% are owner-occupied.
How New Milford Compares to Other Cities
| City | Average Rent |
|---|---|
| New Milford | $1,820 |
| Jersey City | $3,786 |
| Jersey Shore | $2,164 |
| Newark | $1,741 |
| East Orange | $1,868 |
| Elizabeth | $1,871 |
| Bayonne | $2,604 |
| Hoboken | $4,577 |
| Paterson | $1,718 |
| Summit | $2,852 |
| Camden | $1,426 |
| Edgewater | $3,724 |
| Fort Lee | $2,999 |
| Elmwood Park | $2,450 |
| Cliffside Park | $2,851 |
| Lodi | $2,023 |
| Fair Lawn | $2,803 |
| Hasbrouck Heights | $1,796 |
| Dumont | $2,377 |
| Palisades Park | $2,025 |
| Bergenfield | $2,239 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all New Milford apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.