
Cheap Homes for Rent in New Milford, NJ from $1,700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in New Milford.


100 Van Buskirk Rd

500 Alma Terrace

160 Overlook Ave

272 Frances St

100 E Palisade Ave
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.

51 E Main St, Unit 210

9-11 Passaic St

114 Atlantic St

150 Overlook Ave

300 Park St

11 N Dean St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
New Milford, NJ Local Guide

How much does it cost to rent a home in New Milford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Milford 2 Bedroom Homes for Rent | $2,921 | $2,500 | $3,800 |
| New Milford 3 Bedroom Homes for Rent | $4,233 | $3,200 | $5,300 |
| New Milford 4 Bedroom Homes for Rent | $4,655 | $3,600 | $8,000 |
| New Milford 5 Bedroom Homes for Rent | $15,750 | $6,500 | $10,000+ |
Browse Top Homes for Rent in New Milford
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New Milford, NJ Local Guide
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Cheapest Available New Milford Apartments for Rent and Nearby
 The cheapest available apartment rental in New Milford, NJ is a 1 Bed unit found at Saint James Apartments in the Northwest Teaneck neighborhood priced from $1,500. Brookchester Apartments in the Northwest Teaneck neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,665. Here is today’s list of the most affordable New Milford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Saint James Apartments | St. James 1 BDRM Third floor | 1BR,1BA | $1,500 |
| Brookchester Apartments | Studio | Studio,1BA | $1,665 |
| Briarwood Commons | 1 BR/ 1 BA | 1BR,1BA | $1,695 |
| Rose Garden | A1 | 1BR,1BA | $1,700 |
| Temple Apartments | A1 | 1BR,1BA | $1,795 |
Best Value Apartments for Rent in New Milford, NJ and Nearby
As of February 20, 2026 the best value apartment in the New Milford area is the $2.65 price per square foot One Bedroom Model at River Commons in the in the Northwest Teaneck neighborhood starting from $3,150. The second greatest value New Milford apartment is the 2 Bedroom Model at Gibraltar Towers starting at $2,350 with a $2.23 price per square foot in the Teaneck Riverftont neighborhood. Here is today’s list of the best values for New Milford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Commons | One Bedroom | 1BR,2BA | $2.65 |
| Gibraltar Towers | 2 Bedroom | 2BR,1BA | $2.23 |
| 445 Ryeside Ave, Unit 2nd floor | 445 Ryeside Ave | 3BR,1BA | $2.50 |
| Oak Terrace | 2BR/1BA | 2BR,1BA | $2.69 |
| Saint James Apartments | St. James 1 BDRM Third floor | 1BR,1BA | $1.76 |
| 10 McKinley Ave, Unit #4 | 10 McKinley Ave | 1BR,1BA | $2.31 |
| The Carlyle | 524-1x1A | 1BR,1BA | $2.75 |
| Merritt Associates | 3.5 Room 1 Bedroom | 1BR,1BA | $2.60 |
| Rose Garden | A1 | 1BR,1BA | $2.46 |
| 41 River Edge Rd, Unit Studio 1G | 41 River Edge Rd | Studio ,1BA | $2.67 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about New Milford
What type of rentals are currently available in New Milford?
There are currently 182 Apartments for Rent in New Milford, NJ with pricing that ranges from $1,500 to $4,830. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Milford ranging from $1,700 to $25,000.
What is the current price range for Rental Homes in New Milford?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Milford ranges from $1,700 to $25,000 with an average monthly rent of $5,301.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.