Rent in New Milford, NJ
A 2-bedroom in New Milford, NJ (ZIP 07646) typically rents for about $2,020 a month, with a range of $1,819–$2,220. Owner-occupied homes in Bergen County pay about 1.61% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,606 | $1,491–$1,720 | 1 |
| 1 bed | $1,816 | $1,702–$1,930 | 1 |
| 2 beds | $2,020 | $1,819–$2,220 | 1 |
| 3 beds | $2,831 | $2,700–$2,961 | 1 |
| 4 beds | $3,400 | $3,400–$3,497 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
New Milford ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in New Milford, NJ?
- About $2,020 a month: the median of the typical rents in 1 ZIP code, which range from $1,819–$2,220. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in New Milford, NJ?
- About $1,816 a month: the median of the typical rents in 1 ZIP code, which range from $1,702–$1,930. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in New Milford, NJ?
- About $2,831 a month: the median of the typical rents in 1 ZIP code, which range from $2,700–$2,961. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in New Milford, NJ?
- About $1,606 a month: the median of the typical rents in 1 ZIP code, which range from $1,491–$1,720. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in New Milford, NJ?
- About $3,400 a month: the median of the typical rents in 1 ZIP code, which range from $3,400–$3,497. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in New Milford, NJ?
- Owner-occupied homes in Bergen County pay a typical 1.61% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these New Milford rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).