5

Studio Apartment for Rent in New Milford, NJ

Section Image
  • /6

    Starting at $1,665 Per Month

    • Studio - 2 Beds

    915 River Rd, New Milford, NJ 07646

    Welcome to Brookchester Apartments, a garden apartment community, your key to affordable living. Brookchester is pet friendly community situated in the Bergen County town of New Milford. The newly renovated apartments feature: hardwood floors, air-conditioned units, recessed kitchen lighting, tiled bathrooms, private entrances, free heat & hot water and garages. Brookchester's location offers an

    Brookchester Apartments

    (551) 999-6065

    915 River Rd, New Milford, NJ 07646

Why Live in New Milford

New Milford, NJ, located in northern New Jersey, offers a suburban setting with accessibility to Bergen County and Manhattan. This borough, home to around 17,000 residents, attracts first-time homebuyers with its more affordable housing options compared to nearby affluent areas like Tenafly and Alpine. The housing market features midcentury-built Cape Cod and split-level homes, as well as renovated colonials and townhouses. However, homes on the west side may require flood insurance due to proximity to the Hackensack River. Dining options are plentiful along River Road and Main Street, including River & Henley Bar and Restaurant, Casual Habana Café, and Sanzari’s New Bridge Inn, which often features live music. Groceries are conveniently available at the local ShopRite. Community events such as the Memorial Day and Veterans Day parades, along with the annual Holiday Tree Lighting, foster a strong sense of community. Public schools in New Milford are accessible and have high ratings, serving students from kindergarten through high school. For outdoor enthusiasts, Van Buskirk Island County Park offers walking trails, a nature preserve, and a paddle center for canoeing and kayaking. Commuters to Manhattan can drive the 18 miles or opt for bus, train, or ferry services from nearby locations.

Frequently Asked Questions

How much does it cost to rent a home in New Milford, NJ?
The median rent for a home in New Milford, NJ is $2,998 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in New Milford, NJ?
To comfortably afford the median rent in New Milford, NJ, a household needs to earn roughly $119,920 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 $2,998 per month in New Milford, NJ, renters typically need to show $8,994 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 New Milford, NJ?
In New Milford, NJ, the price-to-rent ratio is 19.2, 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 Trends in New Milford, NJ

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$2,998
Median Single Family Home Rent
$55,499
How to Rent a Home