Why Live in Millburn
Millburn, NJ, is an affluent township known for its top-rated public-school district, making it a desirable NYC bedroom community for families. The township has two distinct areas: Millburn, a walkable section with a thriving downtown and smaller homes, and Short Hills, an unincorporated community with larger, multimillion-dollar properties and an upscale mall. Both areas share community amenities and schools, including Millburn Middle School and Millburn High School, which are highly rated for their academic rigor. Private school options include the Pingry School, Newark Academy, Joseph Kushner Hebrew Academy, and Oratory Preparatory School. Millburn offers various things to do, such as visiting the Paper Mill Playhouse, a nationally recognized regional theater, and enjoying outdoor activities at Taylor Park and South Mountain Reservation. Short Hills features Gero Park with a community pool and golf course. The township has five business districts, with downtown Millburn at its core, featuring popular spots like Millburn Deli and Liv Breads Bakery. The Mall at Short Hills is a notable destination with 140 upscale shops. Millburn is 19 miles from Midtown Manhattan and has two train stations with direct trains to NYC, making commuting convenient. The area is safer than the national average, adding to its appeal. Housing styles range from compact lots in Millburn to larger homes in Short Hills, with colonials being the most popular.
Frequently Asked Questions
How much does it cost to rent a home in Millburn, NJ?
The median rent for a home in Millburn, NJ is $2,650 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Millburn, NJ?
To comfortably afford the median rent in Millburn, NJ, a household needs to earn roughly $106,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,650 per month in Millburn, NJ, renters typically need to show $7,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Millburn, NJ?
In Millburn, NJ, the price-to-rent ratio is 44.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
Rental Home Trends in Millburn, NJ
The median rent is $2,650 per month, with single-family homes renting at $2,700, townhouses at $2,600 and condos at $3,500.
Median Single Family Home Rent
$2,700
Median Townhouse Rent
$2,600
