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Milltown, NJ Houses for Rent

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    $5,500 Per Month

    • 4 Beds
    • 3.5 Baths
    • 3,210 Sq Ft
    • House for Rent

    16 Phyllis Place, Milltown, NJ 08850

    Tucked away on a picturesque wooded lot, this spacious Colonial offers a rare combination of privacy, comfort and everyday convenience. A welcoming interior filled with natural light features generous living spaces, hardwood flooring and a thoughtfully designed layout ideal for both daily living and entertaining. The inviting family room includes a fireplace and custom built-ins that flows

    Ahmad Zubair Keller Williams Realty West Monmouth

    16 Phyllis Place, Milltown, NJ 08850

Frequently Asked Questions

How much does it cost to rent a single-family home in Milltown, NJ?
The median rent for a single-family home in Milltown, NJ is $2,800 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Milltown, NJ?
To comfortably afford the median rent in Milltown, NJ, a household needs to earn roughly $96,000 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 $2,400 per month in Milltown, NJ, renters typically need to show $7,200 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 Milltown, NJ?
In Milltown, NJ, the price-to-rent ratio is 20.7, 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

Number of Houses for Rent
2
Median Single Family Home Rent
$2,800
Median 3 Bedroom Single Family Home Rent
$2,900
Median 4 Bedroom Single Family Home Rent
$5,500
How to Rent a Home