Cheap Homes for Rent in Milford, NJ from $1,200 (12 Rentals)

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Milford, NJ Local Guide

Cheapest Available Milford Apartments for Rent and Nearby

 

The cheapest available apartment rental in Milford, NJ is a 1 Bed unit found at Ravenscroft Apartments in the College Hill neighborhood priced from $1,300. Nevin Park in the College Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ravenscroft Apartments1x11BR,1BA$1,300
Nevin Park1 Bedroom Jr Suite1BR,1BA$1,300
Fourth and Spring1BR/1.0BA1BR,1BA$1,400
Washington CourtPalmerStudio,1BA$1,404
Brakeley GardensA1 Renovated 1BR,1BA$1,445

Best Value Apartments for Rent in Milford, NJ and Nearby

As of July 05, 2026 the best value apartment in the Milford area is the $1.62 price per square foot Townhome Model at Laurel Hills Townhomes in the in the College Hill neighborhood starting from $2,500. The second greatest value Milford apartment is the Concord Model at Cedar Park Community starting at $2,383 with a $2.02 price per square foot in the South Side neighborhood. Here is today’s list of the best values for Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Laurel Hills TownhomesTownhome3BR,2.5BA$1.62
Cedar Park CommunityConcord2BR,2BA$2.02
The Willows at Flemington Junction North2 Bedroom2BR,1BA$1.39
Evergreen Farms at BethlehemBalsam2BR,2BA$1.84
The Seville Apartments2 Bedroom Center2BR,2BA$2.01
General Lafayette Apartments2x2 10362BR,2BA$1.55
21-23 Rosemont Ct2 Beds, 2 baths2BR,2BA$1.95
The Village Green at Annandale2 Bedroom 1 Bathroom 9722BR,1BA$1.90
Lafayette TowersLehigh1BR,1BA$1.79
Ravenscroft Apartments1x11BR,1BA$1.86

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Milford

What type of rentals are currently available in Milford?

There are currently 62 Apartments for Rent in Milford, NJ with pricing that ranges from $1,224 to $3,792. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Milford ranging from $1,245 to $4,700.

What is the current price range for Rental Homes in Milford?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Milford ranges from $1,245 to $4,700 with an average monthly rent of $2,526.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Live Local, Spend Less: Your Guide to Affordable Allentown Neighborhoods

Written by: Jodi I

I’m Jodi, your ApartmentHomeLiving.com Local Expert for Allentown, Pennsylvania. I grew up in Bethlehem and moved to Allentown after graduating from the University of Delaware.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.