Cheap Homes for Rent in New Milford, NJ from $1,700 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in New Milford.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 40 Zabriskie St

40 Zabriskie St

HackensackNJ07601

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

New Milford, NJ Local Guide

Cheapest Available New Milford Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Milford, NJ is a Studio unit found at Brookchester Apartments in the Northeast Teaneck neighborhood priced from $1,640. New Milford Estates in the Northwest Teaneck neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here is today’s list of the most affordable New Milford apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brookchester ApartmentsStudioStudio,1BA$1,640
New Milford Estates3 Room 1 Bedroom1BR,1BA$1,750
Grovefield Apartments3 Room 1 Bedroom1BR,1BA$1,895

Best Value Apartments for Rent in New Milford, NJ and Nearby

As of June 01, 2025 the best value apartment in the New Milford area is the $2.99 price per square foot $3.19/sq.ft. - Two Bedroom - B-03 Model at Washington Promenade in the in the Bergen County Waterfront neighborhood starting from $3,795. The second greatest value New Milford apartment is the One Bedroom Model at River Commons starting at $3,150 with a $2.65 price per square foot in the Northwest Teaneck neighborhood. Here is today’s list of the best values for New Milford apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Washington Promenade$3.19/sq.ft. - Two Bedroom - B-032BR,2BA$2.99
River CommonsOne Bedroom1BR,2BA$2.65
The Atrium @ Anderson StationThe Atrium @ Anderson Station: No Security Depo...2BR,2BA$2.59
The Carlyle524-2x2A2BR,2BA$2.69
45 E Broad St, Unit 245 E Broad St2BR,1BA$2.50
River Terrace GardensRTG-2b1a2BR,1BA$2.70
75 Anderson St, Unit #575 Anderson St1BR,1BA$2.24
Oak Terrace1BR/1BA1BR,1BA$2.68
34 State StE1BR,1BA$2.85
Gibraltar Towers1 Bedroom1BR,1BA$2.92

Quick Rent Budget Calculator

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Frequently Asked Questions about New Milford

What type of rentals are currently available in New Milford?

There are currently 172 Apartments for Rent in New Milford, NJ with pricing that ranges from $1,000 to $12,438. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Milford ranging from $1,700 to $22,000.

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 $22,000 with an average monthly rent of $7,298.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.